"How did the CEO get awarded about $150k of shares for 2018 as a bonus weeks after the Ikon judgement?" Lombard your question prompted me to have another look at the reason for the bonus. The explanation is contained in the notice of AGM dated 9 Oct (which is before the Ikon decision) and sets out the reason for the bonus i.e. profitability of one of the Advangen units. The results of the AGM indicate that there were 27,572,811 votes cast in favour of the resolution and the Annual report indicates that the Board (excluding the CEO) held 4,285,000 shares so there were quite a few other shareholders who supported the bonus. Let's see what happens next year when the Ikon decision will have an influence on our financial results.
CDY Price at posting:
26.0¢ Sentiment: Buy Disclosure: Held
