looks like the big funds are selling still not just amp
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looks like the big funds are selling still not just amp
ATM have two different announcements today. One for the ASX and another for the NZX. I would have thought that any anns would have been the same for each exchange. Does anyone have knowledge of the exchange regulations.?
Is it just me or did the chairman just drop a whole lot of dosh on the company he chairs.
I don't mind being in companies where management literally put their money where their mouths are.
It's just you blobbles......
He has been granted free options under the long term employee scheme. A pity they don't announce the terms and conditions - has anyone seen them? But, in short, no immediate cash to the company. He needs to mainline on on-market purchases of ords to gain any respect (from me anyway)
Edit: from an older notice, exercisable at .63 cents (AUD I presume)
One could argue from a perspective of good practice governance, that the Chairman is not an employee of the company and therefore not entitled to employee share/options scheme. The Chair and the Board are effectively employed by and report to the shareholders to set strategy and direct the management in making and achieving business plans, to return wealth to the owners. The Board also decides who is granted options, loans or shares, hence on various levels there is scope for conflict of interest. Nevertheless, this blurring of the lines of ownership, governance and management seems rife in NZ listed companies.
Don't really seem to have been issued as an 'incentive' but as payment for doing stuff
"The Options have been granted pursuant to the Company's new Long Term Incentive Plan, to remunerate Mr David Hearn for services to be provided as an executive/director of the Company's UK subsidiary and an adviser pertaining to the UK"
Bit of a recent lift in the UK ‘a2 milkometer’
Market re-launch exposure, the new internet advertising, and Danny the rugby guy perhaps. Well and/or sales growth providing a complimentary increasing interest in online activity also.
http://www.google.co.nz/trends/explo...m&cmpt=date&tz=