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So just had a quick read through of the notification of AGM
Apparently, to see the details of the proposed new incentive scheme, you need to go to Dale Street
I'm voting against as a point of principle
Sheer greed. Rewarding failure yet again. Dilution galore. The shareholder rinseathon really does continue.
"Rinseathon"🤑
I think a stern letter from Trading4good is in order here.
He will surely know what to write being it's his day job and all.
Frasers need to get their team in that boardroom
I can just imagine the boardroom deliberations.
"Oh, alright then. Let's announce an AGM, otherwise the regulators will be on our backs. If we really must. BUT... Don't bother so much with this underperformance nonsense. Make sure that the board's interests are at the top of the agenda. And this time, make sure the incentive targets are set nice and low, so we get our whack no matter what. After all, we deserve it. Been three days since we last awarded a chunk to ourselves."
Boohoo hands top bosses bumper bonuses despite £160m losses
https://www.cityam.com/boohoo-hands-top-bosses-bumper-bonuses-despite-160m-losses/
Bon Scott still waiting for you to justify the ridiculous "dilution galore" from the other day. And apologise for your misleading post about the 15m new shares being issued. Which they weren't
Maybe someone who actually has an investment here could comment on the incentive plan, as they will be able to vote.
Unlike the remaining three idiots who are just spouting away per normal
Well, I'd have to start with the current 10% dilution ceiling set by the board, which they seem intent on actioning. In one single scheme alone.
As we've seen, you have great difficulty reading, understanding and accepting RNS releases, so your continued petulance doesn't surprise me.
You keep refuting that I and others have an investment here (which I certainly do). However, you've never provided any evidence that you yourself are actually invested. Time and again people have asked you. And so, will you enlighten us?
10% dilution is still £40M-50M, even at these lowly valuations. Maybe it's small potatoes in mind of fake Rolex boy, but it is rather a lot of money in reality.
Sorry, I think you "forgot" the last paragraph too, which asked you for some evidence that you yourself are invested. Please, regail us.
"regail"
There is no such word bon scott
"Regale". Oh dear me. And you forgot to place a full stop at the end of your sentence. Quite childish, really. I recall when you retreated into correcting people's spelling in the final days before you were banned as Trading4good.
Lovely RNS phrases.
"Shareholder value creation"... all the while diluting.
"Ensure that the management team is motivated and retained"... all the while that retained team delivers stonking business losses.
What if the board was instead rewarded on account of profits made? Would that not be a better way to do things? I'd have no issue with massive remuneration based on profitability.
Sam is right, you know. You have to strive to be better than this, tradey. Be kinder. More mature. Focus on the company. On the debate. The big issues.
Here's a thought Bon Scott
Go and actually read an RNS and you may not appear quite so dense.
The LTIP was based on sp targets being hit, which will only happen if profits are made. I'm sure the new plan will be the same, my issue is it's not being made easily visible.
Whereas your position is totally transparent
"I'm sure the new plan will be the same, my issue is it's not being made easily visible. "
But there's absolutely no evidence that the new plan will be same. All the more aggravating that it is not being made visible. Based on previous behaviours, I'm reckoning that they will propose an easier way for themselves to be rewarded, less dependent on troublesome little things like profit and share price appreciation.
Be better, tradey.
Agreed.
The mountains to be scaled for success at boohoo are mere shallow inclines.
Shallow, oh how it applies here
#Be better
Bf - have you looked through the 23 page announcement on the boohoo website?
Also where was it younreqd we need to go to dale Street to view the plan?
Page 24:
"The draft rules of the Incentive Plan will be available for inspection at 49/51 Dale Street, Manchester M1 2HF on any weekday (Saturdays, Sundays and public holidays excepted) from the date of sending this document until the close of the Annual General Meeting. The draft rules of the Incentive Plan will also be on display at the place of the Annual General Meeting for at least 15 minutes prior to and during the Annual General Meeting"
Southcoast it's in the notice of AGM announcement on the website
It also details the amount that Kamani, Lyttle, Morano and Kane can make, just not what the criteria and phasings are.
Talk about shooting yourself in the corporate foot
Just plain stupid
I read the document on my phone only so many have missed something, but I dont think so
Bon Scott
Name me one incentive plan, ever, that has been based on a company making a loss.
Boo have stated the amount payable and that it is the same as the old plans.
Why cut and paste part of a statement to provide an incorrect context.
Once again you just make yourself look stupid
2 rns errors in a week??
#better
Just maybe McCabe was a man of principle and value, didn't want to be further involved with the fat cat enrichment?
Dividends abound and 650 incoming
Bf - just called the nomad, Zeus Capital. Waiting for a call back which is standard.... They're always busy until about 3 or 4 calls later when they eventually will take the call... Im going to request a copy via email
Nice one southcoast