Ora Banda Mining (AU:OBM) has released an update.
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Ora Banda Mining has announced an adjustment to the remuneration of Managing Director Luke Creagh, reflecting his role in the company’s improved performance and financial position. His new compensation includes a fixed remuneration of $750,000, short-term and long-term incentives tied to performance metrics, and a one-off Performance and Retention Rights Incentive. Additionally, Creagh’s contract has been extended until 2030, with a non-compete clause applicable upon voluntary departure.
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