Stephen’s big pay­day

Pharmacy Daily - - FRONT PAGE -

OUT­GO­ING Aus­tralian Phar­ma­ceu­ti­cal In­dus­tries ceo Stephen Roche was yes­ter­day granted 268,007 shares in the com­pany, after the vest­ing of per­for­mance rights un­der his short term in­cen­tive plan for 2014/15.

Based on the clos­ing price of $1.87 the bonus is worth just over $500,000, and boosts Roche’s to­tal stake in the com­pany to 944,674 or­di­nary shares.

Roche has an­nounced he will step down as API ceo next Feb after ten years in the role (W 06 Oct).

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