Metlifecare seeks 67 percent bump for directors' fee pool after merger

Thu, 27 Sep 2012

By Paul McBeth Sept. 28 (BusinessDesk) - Retirement village operator Metlifecare wants shareholders to sign-off on a 67 percent bump in the pool for directors' fees after expanding its operations in the merger with Vision Senior Living and Private Life Care. Shareholders will be asked to approve lifting the fee pool to $500,000 from $300,000 at their Oct. 30 annual meeting in Auckland to cater for the extra two independent directors after the July merger, the company said in its notice of meeting. The increase is smaller than the aggregate f...

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