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Apart from Triple 8 Beverages and 888 Beverages all of the other Directorships are with Sirius and its subsidiaries. It was mentioned on this board before Anglo American acquired Sirius that the contracts of employment of Chris Fraser and Thomas Staley provided that in the event of Sirius being taken over by another company their employment with Sirius would be safeguarded for twelve months.
It will be interesting to see whether they are still employed by a member of the Anglo American Group after March 2021.
CF, director of Anglo American Woodsmith Ltd
(formerly: Sirius Minerals), Status: ACTIVE
http://beta.companieshouse.gov.uk/officers/W6JIaQFkc58cM4rAjwqTbSmXrWg/appointments
as well as active director of 15 other UK companies (prob-ly more abroad) incl. some booze business in Yorkshire: Triple 8 Beverages , 888 Beverages (Nature of business: Distilling, rectifying and blending of spirits) to monetize pain of huge financial loss by locals there)...
Why would AAL keep him there if he doesn't really have any relevant director skills in mining nor in Fertilizer business (chemicals, etc) ? Except for finance part - which he has failed badly anyway with all the fireworks and AAL doesn't really need financing bit there? Smells like corruption, payment for ditching initial investors and transferring their wealth to AAL..
TrickyDickyTwo, I'm afraid your reply contains far too much "bull zhit" of your own making for me to bother responding on a point by point basis, it would be a fruitless waste of my time, the only thing I will add is that your assumption about Anglo American is pure speculation, the shafts are being dug to the horizons originally specified to reach Polyhailite seams and secondly if you weren't a bitter twisted tozz pot why do you even feel the need to come back on this board to try and re enforce your totally false predictions!!!
You've had an agenda against Sirius for many years even to the point you were banned from here and III under your original TD1 because of the vexatious nature of your relentless attack on Sirius after you sold out, to espouse your not bitter is the foulest smelling bull zhit imaginable, as far as your "I made money out of Sirius" I believe you are just a liar TBH.
As one very long term ex holder used to reference in connection with the progress of this project, all be it under different management.
Tick Tock.
I think sheps8 has responded more than adequately in highlighting the shortcomings in your recent post.
At the end of the day, your main claim was that this mine will never be built.
Whilst not under the stewardship of the SXX management, much to many investors loss and dismay, you ultimately called it wrong.
You can’t even Gloat accurately.
Move on.
secrets
TrickyDickyTwo, no irony whatsoever, you spent years deramping Sirius from every angle you could think of, the real irony is that you never predicted the reason behind the final curtain for Sirius given the multitude of reasoning behind your never ending attack on Sirius, the fact is that most of your arguments still mean nothing as far as the success of Woodsmith mine and its future as a global business, it's just not under the same management, you really were and continue to be a nasty piece of work and your bitterness knows no bounds, for years your personal vendetta against Sirius caused much consternation on these boards but it did absolutely nothing to stop the progress of the project yet you come on here with the I told you so attitude, just goes to show that even when those of us who now have nothing at stake here what an utter tozz pot you really are ;-)
Sheps8.
Couldn't agree more VV and Sheps - on all counts. The story also made The Times today with a similar viewpoint.
All the best.
VincentVega, the final twisting of the knife into those that funded so much of this project, if Chris Fraser had an ounce of decency about him we would have been reading about how he's given this obscene amount of money for failure to good causes amongst the community's were so many people lost so much that rested firmly on his abilities or as turned out total lack of abilities in big finance, the very field where he allowed others to run rings around him.
Best Wishes, Sheps8.
Nobody should be surprised by this payout. It’s par for the course with many Directors that have their snout in the trough.
If CF still resides in the area, he’ll find it difficult to look, those of whom invested on the back of his hubris, in the eye.
Then again, a conscience is a prerequisite of shame.
A rare commodity these days with many it would seem.
secrets.
Sirius Minerals boss pocketed £1.3m after agreeing takeover that cost many shareholders their life savings
Former chief executive Chris Fraser received £1.3m in bonuses
Former finance boss Thomas Staley pocketed a total of nearly £900,000
Fraser and Staley are now running Anglo's new 'crop nutrients' division
By JAMIE NIMMO FOR THE FINANCIAL MAIL ON SUNDAY
PUBLISHED: 22:31 BST, 1 August 2020 | UPDATED: 23:07 BST, 1 August 2020
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The former boss of Sirius Minerals – whose dramatic fall from grace left thousands of small shareholders with huge losses – pocketed £1.3million in bonuses from the Yorkshire mining company shortly after agreeing to a cut-price takeover.
Just two weeks before the acquisition by FTSE 100 giant Anglo American was completed, the Sirius remuneration committee led by Labour peer Lord Hutton decided that former chief executive Chris Fraser should receive his lucrative long-term bonuses in full.
Meanwhile, Thomas Staley, the former finance director, pocketed a total of nearly £900,000.
Former Sirius Minerals chief executive Chris Fraser received £1.3m in bonuses +2
Former Sirius Minerals chief executive Chris Fraser received £1.3m in bonuses
The revelations are likely to enrage private investors who ploughed millions of pounds of their savings into the company.
Sirius had entered the FTSE 250 and had ambitions to join the prestigious ranks of the FTSE 100. However, it failed to secure the final part of the £2billion funding it needed to build a giant fertiliser mine in the North York Moors National Park.
It was only saved from administration after the board urged shareholders in January to back a £405million takeover by Anglo American at 5.5p per share. Most of Sirius's 85,000 small shareholders had bought their shares at well above that level, with many from the local area investing large sums. The share price had hit 45p in 2016.
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Yet even after the disastrous conclusion to the company's stock market run, the remuneration committee chaired by former Business Secretary Lord Hutton decided in March that Fraser's share bonuses should pay out in full.
Fraser received payment for his bonus shares, worth nearly £900,000, in April, the company's annual report filed on Companies House reveals. Most of the shares had been awarded to him in 2018 and 2019.
He also received a £417,000 performance bonus for 2019 – 86 per cent of his salary – meaning he raked in a total of £1.3million in bonuses since agreeing to the Anglo deal.
The company said the payment for performance would have been higher but it decided to withhold the part of the annual b