Press release dated December 30, 2024
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ASX announcement dated December 30, 2024
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Telix Pharmaceuticals Limited
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Date: December 30, 2024
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By:
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/s/ Genevieve Ryan
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Name: Genevieve Ryan
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Title: Company Secretary
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Total Base Pay
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AU$799,092.
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Total Fixed Remuneration (TFR)
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AU$892,985.
TFR represents Base Pay plus statutory superannuation contributions paid in equal monthly cash instalments over the year, and packaged benefits.
Australian Executive Key Management Personnel (KMP) can choose to cap their superannuation at the statutory superannuation maximum and receive the additional 11.5% (for 1 January to 30 June 2025) and 12 % (for 1 July to 31 December 2025) over the maximum as base salary.
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Short Term Variable Reward (STVR)
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AU$879,001 (target and maximum).
At the end of Telix’s financial year (31 December), the Board determines STVR payable to the MD & CEO based on a maximum opportunity of 110% of Base Pay, linked to corporate objectives. The maximum STVR the MD & CEO may achieve is 100% of target (there is no over-earn potential).
From 1 January 2025, 50% of the STVR outcome will be granted as Deferred Share Rights restricted for 12 months to approximately February 2027, with the remaining 50% of the STVR outcome paid in cash in February 2026.
All information regarding the Deferred Share Rights and 2024 outcomes will be detailed in the 2024 Remuneration report. Any Deferred Share Rights proposed to be granted to the MD & CEO will be subject to shareholder approval and will be included as a shareholder resolution at the Company’s Annual General Meeting held in 2026 as required.
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Long Term Variable Reward (LTVR)
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AU$1,198,638 (at target), with a maximum 150% available at stretch.
LTVR is granted using Performance Share Appreciation Rights (PSARs) and is subject to the achievement of 3-year performance and vesting conditions.
Details regarding the 2025 PSARs will be provided in the 2024 Remuneration report, as part of the 2024 Annual Report.
2025 PSARs proposed to be granted to the MD & CEO will be subject to shareholder approval and will be included as a shareholder resolution at the Company’s Annual General Meeting held in 2025 as required.
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Notice Period
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6 months (effective 31 December 2024).
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