WHO LEFT?

  1. 4,935 Posts.
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    Which senior executive has left UEC, with 400,000 in options (exercisable @17c) formally cancelled today?

    The language of the release gives little away. Judge for yourselves:

    "We advise that due to the cessation of employment of a participant in the Uecomm Option Plan, the Directors of Uecomm Limited have resolved to cancel the following options:

    GRANTED = 18/01/2002
    x PRICE = $0.17
    CLASS = UECAM
    CANCELLED = 20/07/2002
    NUMBER = 400,000

    If you exclude:
    1)
    Peter McGrath (1,000,000 @12c, granted 5/10/01);
    2)
    Matthew Madden (200,000 @13c, granted 8/3/02);
    3)
    Scott Mason (200,000 @13c, granted 8/3/02);
    4)
    Neil Verral (750,000 @13c, granted 8/3/02);
    5)
    Brendan Park (in whose name today's ASX release was issued);
    6)
    Peter Dawson (only recently confirmed in the role of CFO);
    from the equation, that leaves (at least):
    7)
    Duncan Wallace (Customer Operations Director);
    8)
    Dean Tognella (Commercial and Business Development Director); and
    9)
    Tomy Ng (Networks & Technology Director).

    I doubt, however, that it is Tomy Ng who has been a UEC long-termer and has been credited with much of the Company's network /rollout efforts to date.

 
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