Brief: Pureprofile Says Material Changes To Pureprofile Short-Term Incentive Remuneration

Pureprofile

06/11/2023 24:49

Nov 6 (Reuters) - Pureprofile Ltd  PPL.AX :
    * MATERIAL CHANGES TO PUREPROFILE SHORT-TERM INCENTIVE
REMUNERATION AND UPDATE ON LONG-TERM INCENTIVE PLAN
    * BOARD HAS ENGAGED WITH KEY SHAREHOLDERS AND OTHER
STAKEHOLDERS
AS PART OF BROAD REVIEW OF PPL'S EXECUTIVE REMUNERATION
FRAMEWORK
    * CHANGE TO REMUNERATION PLAN FOR CEO, KMP & EXECUTIVES
EXPECTED
TO HAVE MATERIAL POSITIVE IMPACT ON NET PROFIT AFTER TAX IN FY24
    * CHANGE IN REWARD STRUCTURE FROM EQUITY TO CASH-BASED
INCENTIVES
WILL IMPACT EBITDA (EXCLUDING SIGNIFICANT ITEMS) ON GO FORWARD
BASIS
    * EXPECTS TO RECOGNISE A PROVISION FOR STI EXPENSE IN FY24
OF
A$1.05 MILLION
    * IS IN PROCESS OF REVIEWING LONG-TERM INCENTIVE PROGRAM FOR
EXECUTIVES

Source text for Eikon:  ID:nASX8XkzfN 
Further company coverage:  PPL.AX 

 ((Reuters.Briefs@thomsonreuters.com;))