The previous performance shares were mainly issued as part of the acquisition cost of the businesses. Unfortunately they are probably miss titled.
So we have 2 options when purchasing a new business, we can
1. Pay full price for the business without any caveats regarding the future performance of the business. OR
2. Purchase the business with some performance hurdles and pay the price when those hurdles are reached.
These aren't freebies, these are part of the purchase price of those businesses. The research from Harltey's and Bell's has always fully diluted them in their calculations.
In relation to DAZ, no shares and only ever having a go at the CEO.
So, I think someone has a chip they need to get rid of. Daz, life's too short. Move on!!!
Ann: Notice of General Meeting/Proxy Form, page-9
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