Smartpay investors vote in favour of 25% director fees increase

Smartpay investors vote in favour of 25% director fees increase
Eftpos terminal provider Smartpay services more than 30,000 merchants with about 45,000 terminals.
Smartpay investors have voted in favour of a proposal to raise annual directors' fees by 25% to $75,000 and to increase the money available to pay them by $250,000.At its annual meeting, held in Sydney on Friday, the company proposed a resolution that the aggregate fees payable to the company’s non-executive directors be increased from $500,000 per year to $750,000 per year to allow for the remuneration of six non-executive directors and a change to the pay of the current directors, with effect from August 1.The company has four non-e...

More Markets

Rocket Lab reports US$85m loss, 70% revenue jump
Markets

Rocket Lab reports US$85m loss, 70% revenue jump

Rocket Lab shares jumped to US$5.43 (NZ$9.04) in after-market trading (from a US$4.77 close) after the Kiwi-American firm reported June quarter revenue that jumped 70% to US$106.2 million versus the year-ago quarter.The increase came from more launches, but also “significant grow...

ASX: Aussie shares slip as miners drag and Mirvac plunges
Markets

ASX: Aussie shares slip as miners drag and Mirvac plunges

The ASX200 has finished down 0.2%, with BHP falling to a 21-month low.

AAP 8:00am
Outgoing director: Fonterra now in a much better position
Primary Sector

Outgoing director: Fonterra now in a much better position

Leonie Guiney is staying on until the annual meeting later this year.