Newcrest Mining Ltd NCMGF

a nice multiplier for the management & board

[sailor8]

This will effect the O `Brien muppet gang ... They received a lot of these intransparent things, which they granted to themselves. Shareholders money they granted to themselves. 

It is part of an amendment, released after the voting was closed for normal shareholders, some minutes before the meeting took place.

3.1 a) ...each Company DSU, Company PSU, and Company RSU outstanding immediately prior to the Effective Time (whether vested or unvested), notwithstanding the terms of the Company DSU Plan or Company RSU Plan, respectively, shall be deemed to be

unconditionally vested (which, for greater certainty, shall include the full vesting of

Company PSUs on the basis that all performance criteria associated therewith had

been achieved and a 200% performance multiplier was applicable to such vesting), and

such Company DSU, Company PSU, or Company RSU, as the case may be, shall,

without any further action by or on behalf of a holder the Company DSU, Company

PSU, or Company RSU, be deemed to be assigned and transferred by such holder to

the Company (free and clear of all Liens) in exchange for a cash payment

5. 1 c ...On the Effective Date, the Company shall pay or cause to be paid out of the cash

reserves of the Company the amounts, net of applicable withholdings, to be paid to

holders of Company DSUs, Company PSUs and Company RSUs pursuant to Section3.1(a) and Company Options pursuant Section 3.1(c), pursuant to the normal payroll

practices and procedures of Company....

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source Sedar: Jan 20 2022

15:17:23 ET

Material document(s) (amended)