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.
John Anthony
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

Mercury announces reshuffle at its top table
Finance

Mercury announces reshuffle at its top table

The two new members of the executive team are internal candidates.

Heartland chases shareholder returns
Finance

Heartland chases shareholder returns

Heartland became the first NZ bank to buy an Australian bank in April.

Spark outlines more possible asset sales
Finance

Spark outlines more possible asset sales

The Spark board has a calculation to make about dividend reinvestment policy.

Why Ebos is hunting SMEs
Markets

Why Ebos is hunting SMEs

What's next for Ebos after the end of that Chemist Warehouse contract.