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Samson Oil & Gas Limited Message Board

  • logantrader1960 logantrader1960 Nov 15, 2013 5:33 PM Flag

    More Hog Wash from the BOD!

    Yeah I love the comment in the second paragraph that blows off the shareholders saying it was a difficult equity market. You got that right since that report was written in 2012 it has been really difficult in 2013. I wonder how many are going to vote against it this time?

    It doesn't matter folks because they will PRINT MORE AND MORE SHARES FOR THEMSELVES TO VOTE THE LITTLE GUY OUT!!!!!!!!!!!!!!!!!!!!!

    "Voting and comments made at the company’s 2012 Annual General Meeting
    At the Company’s 2012 Annual General Meeting,greater than 25% of eligible votes were against the
    remuneration report.
    The Directors of Samson Oil & Gas Limited take seriously the need to ensure that executive remuneration
    achieves an appropriate balance between the interests of shareholders and retain management who have
    the skills and expertise necessary to drive the company forward.
    In accordance with best practice the Board has in place a Compensation Committee with responsibility for
    developing and implementing remuneration policy in line with the principles contained in this report.
    In respect of the Remuneration Report for 2012, it should be noted that the company did not receive any
    questions related to the report either before or at the AGM.

    In the Board’s view, the large increase in “no votes”: in relation to the Remuneration Report was more likely
    to represent a protest vote in relation to the performance of the Company’s share price in difficult equity
    markets, than genuine expression of dissatisfaction with the company’s remuneration structure of reporting."

    Sentiment: Strong Sell

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