RESEND: PFI shareholders approve a 39% hike in directors' fees

Wed, 08 May 2019

(Removes hold in headline) By Jenny Ruth May 8 (BusinessDesk) - Property for Industry’s shareholders have overwhelmingly approved substantial increases and changes in the structure of directors’ fees at the annual meeting. Shareholders owning nearly 99 percent of shares voted to support the increases. The last change to directors’ fees was back in 2016 when the total directors’ pool was capped at $430,000 and the changes include a move to a per-director rate which, based on the current and expected board composition, will effectivel...

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