Schmidt stands to collect $301K in incentive payment

FORMER Yancoal CEO Reinhold Schmidt, who resigned from the company on March 8, will know on July 31 if shareholders approve a $301,194 payment to him.

Schmidt stands to collect $301K in incentive payment

Former Yancoal CEO Reinhold Schmidt, who resigned from the company on March 8, will know on July 31 if shareholders approve a $301,194 payment to him.

01 July 2020
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Shareholders' approval is sought for the purpose of section 200E of the Corporations Act to allow the company to pay Schmidt in accordance with the Yancoal Australia Equity Incentive Plan (STIP).

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