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Steamships Trading Co. Ltd. Seeks Approval for Director Fee Increase

Story Highlights
  • Steamships Trading Co. Ltd. issued an addendum regarding Resolution 4 for its Annual General Meeting.
  • The resolution seeks to increase non-executive director fees from K1,500,000 to K2,000,000 annually.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Steamships Trading Co. Ltd. Seeks Approval for Director Fee Increase

Confident Investing Starts Here:

Steamships Trading Co. Ltd. ( (AU:SST) ) just unveiled an announcement.

Steamships Trading Co. Ltd. has issued an addendum to its Notice of Annual General Meeting, providing additional information regarding Resolution 4. This resolution seeks shareholder approval to increase the total aggregate amount of fees payable to non-executive directors from K1,500,000 to K2,000,000 per annum. The company emphasizes that without this approval, it may face challenges in attracting and retaining skilled non-executive directors, potentially impacting its governance and strategic direction.

More about Steamships Trading Co. Ltd.

Average Trading Volume: 35

Technical Sentiment Signal: Buy

Current Market Cap: A$418.6M

For an in-depth examination of SST stock, go to TipRanks’ Stock Analysis page.

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