Nice package with a lean towards performance. The incentive $400,000 shares, "Alignment with shareholders: co-investment incentive......he will also receive a co-investment incentive of $400,000 worth of performance rights in the Company that will vest upon satisfaction of a performance condition the performance condition will be met where the Companys 20 day weighted average share price at the end of the 2013 financial year is 25% higher than as at the date of Mr Borghettis commencement as Chief Executive Officer and Managing Director."
I for one certainly hope that VBA will be significantly higher than .075c in 3 years time, and I bet Mr Borghetti will as well.
Look forward to a smooth flight to a much higher SP.
Cheers to all holders and a welcome to Mr Borghetti.
VBA Price at posting:
51.0¢ Sentiment: LT Buy Disclosure: Held
