2023 was no exception with 26.7% voting against.
Assuming the new CEO, Michael Reid, meets his targets he will receive fixed remuneration each year of $1m, STI is 100% of that in the first year and 50% in the next two years, LTI is 225% of one year’s fixed remuneration but only paid at the end of the three years. Fixed remuneration is paid in cash with the other components paid in equity. That adds up to a total maximum opportunity over three years of $7.25m or $2.42m each year which is at the top end of the range for a company with a market cap similar to Megaport.
Oops objections around the wages..
Actual pay rates i would need to check the Annual Report 2023.
Gross Profit Margin: + 6pp
The CEOs like to track the Revenue: So Revenue change up 40%
Voting power. 11.36%
Info Mitsubishi UFJ Financial Grou
Form 603
Voting power (6) 5.50% by State Street Corp
as Bear says ..A substantial shareholder is a person or entity that owns 5% or more of the voting shares in a company.
Employment Agreement entered into between Michael Reid and Megaport (Australia) Pty Ltd dated 28 March 2023.
New CEO Announced
Operational Review Commenced
Strong March Monthly Recurring Revenue
Improvement in Cash Flow
Cost-out Program on Target
Normalised EBITDA1 for 3QFY23 of AU$5.0M
Form 604 Corporations Act 2001 Section 671B. Present Voting Power 8.64%
Trend is up!! Buy some here.. see if this breaks to the upside..Needs to retest the low maybe
Oh then Month of May is nearly here. "fly away in May" on the stock market
First Sentier Investors (Australia) Present holding now 13.16%.
A robust holding there.
When you have to fill out these 604 forms well ..your a big holder...
State Street Corporation and subsidiaries named in Annexures to this form
Class of securities (4) Number of securities Person’s votes (5) Voting power (6)
Ordinary 8,098, 331 8,098,331 5.11%
State Street lads are loading the truck -up
Bevan Slattery, Chairman, Vincent English, Chief Executive Officer, and Sean Cassidy, Chief Financial Officer, will give a short presentation on the 2QFY23 on a
webcast commencing at 9.00am (AEST) on Tuesday, 31 January 2023. This will be followed by 30 minutes of Q&A.
