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Praemium Ltd (PPS.AX)

PPS.AX on Australia Stock Exchange

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20 Oct 2017
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Latest Key Developments (Source: Significant Developments)

Praemium announces outcome of board review
Tuesday, 23 May 2017 06:40pm EDT 

May 24 (Reuters) - Praemium Ltd :Notes that former directors incurred expenditure of $972,372 in terminating ceo, & defending shareholder requisition which led to their removal."Ohanessian's dismissal was handled inappropriately and was not based on reasonable grounds".Reiterate its support for Ohanessian as reinstated chief executive officer."All expenses will be accounted for as one-off costs (below ebitda) in 2017 financial year".Refers to comprehensive review of events at which previous directors (Greg Camm, Robert Edgley, Andre Carstens and Peter Mahler) were removed from office.  Full Article

Praemium announces re-appointment of Michael Ohanessian as chief executive officer
Sunday, 14 May 2017 07:06pm EDT 

May 15 (Reuters) - Praemium Ltd ::Announces re-appointment of Michael Ohanessian as chief executive officer.Services of Praemium's acting ceo, Robert De Luca, were concluded today.  Full Article

Praemium says Robert De Luca appointed as interim CEO
Thursday, 2 Mar 2017 05:15pm EST 

Praemium Ltd - : Robert De Luca appointed interim CEO of Praemium .De Luca has agreed to serve in role on an interim basis whilst board conducts an ongoing search for a permanent CEO.  Full Article

Praemium says board has terminated employment of Michael Ohanessian as CEO
Tuesday, 21 Feb 2017 05:12pm EST 

Praemium Ltd : board has terminated employment of Michael Ohanessian as chief executive officer and managing director. . Greg Camm will act as executive chairman until a new chief executive officer is appointed . "believes that a chief executive officer with a different skill set would better serve company's leadership" .re-iterates its stated confidence in company's outlook for second half..  Full Article

BRIEF-Praemium announces outcome of board review

* Notes that former directors incurred expenditure of $972,372 in terminating ceo, & defending shareholder requisition which led to their removal