As announced by the Company, Mr. Buchhorn stepped down as a Heron Director on 2 June 2017. Mr. Buchhorn's employment will be terminated by the Company following the successful completion of the Woodlawn project finance on or around 6 September 2017.
Under Mr. Buchhorn's Executive Service Agreement, he is entitled to a termination payment of $2,291,105, of which $1,384,519 was paid into an escrow account prior to 30 June 2017 and the remaining portion will be remitted to the ATO following financial close
HRR Price at posting:
7.6¢ Sentiment: Sell Disclosure: Held
