Both the 2017 and 2018 reports state the following:"The...

Both the 2017 and 2018 reports state the following:

"The remuneration for Ms Halasz is fixed, however, at the discretion of the Board and subject to prior approval by shareholders, she may receive performance based incentives in the future."

The notice of meeting outlines that the approval of shares to the CEO relates to FY18 milestones.  It also seems to suggest that the remuneration committee has resolved that the CEO should be provided with a $185,000 bonus for achieving these FY18 milestones.

Whilst shareholders are being asked for approval for the bonus to be paid in shares, it does not seek to obtain approval for the bonus in the first place.  This is contrary to the annual report and should have been disclosed earlier as an ASX announcement if this was a possibility for FY2018.

Finally, I don’t believe they can be called ‘incentive shares’ if 50% of them are not escrowed.