Wrap Text
Terms of Interim CEO Employment Agreement
DRA Global Limited
(Incorporated in Australia under the Corporations Act 2001 (Cth))
ACN 622 581 935
ASX / JSE Share Code: DRA
ISIN: AU0000155814
("DRA" or "the Company")
JSE Sponsor: Pallidus Capital Proprietary Limited
ASX / JSE ANNOUNCEMENT
31 May 2022
TERMS OF INTERIM CEO EMPLOYMENT AGREEMENT
DRA Global Limited (ASX / JSE: DRA) (‘DRA’ or ‘the Company’) advises that, further to its announcement dated 11 March 2022,
the terms of employment of Mr James Smith as Interim Chief Executive Officer have been agreed.
For the purposes of ASX Listing Rule 3.16.4, DRA advises that the material terms of Mr Smith’s employment agreement with DRA
are as follows.
• Role : Interim Chief Executive Officer
• Term: Ongoing until a new permanent Chief Executive Officer commences in the
role, at which time Mr Smith will resume his role of Executive Vice President,
Operations and Managing Director, Advisory.
• Fixed Remuneration: R5,500,000 per annum
• Variable Remuneration: Eligible to participate in the Company's short-term bonus scheme and long-
term performance incentive scheme.
• Annual Leave: 20 working days' annual leave/vacation for each year of service.
• Termination: At any time, without notice, if conduct constitutes just cause for summary
dismissal, otherwise three months with notice by either party.
• Restraint Clause: Restrained from directly or indirectly competing with DRA, amongst other
standard restraints, for up to six months.
- ENDS -
This announcement was approved for release by the interim Chief Executive Officer of DRA Global Limited.
For further information, please contact:
Investor queries: Media enquiries:
Haydn von Maltitz Paul Ryan
EGM of Corporate Affairs – DRA Global Citadel-MAGNUS
Ph: +61 8 6163 5939 M: +61 409 296 511
shareholders@draglobal.com pryan@citadelmagnus.com
Physical Level 8, 256 Adelaide Terrace / Perth WA 6000 / Australia // Postal PO Box 3130 / East Perth WA 6892 / Australia
Telephone +61 (0)8 6163 5900 // info@draglobal.com // ACN 622 581 935 // ASX: DRA / JSE:DRA
draglobal.com Page / 1
About DRA Global Limited
DRA Global Limited (ASX: DRA | JSE: DRA) (DRA or the Company) is a multi-disciplinary consulting, engineering, project delivery and
operations management group predominantly focused on the mining and minerals resources sector. DRA has an extensive global track
record, spanning more than three decades and more than 7,500 studies and projects as well as operations, maintenance and optimisation
solutions across a wide range of commodities.
DRA has expertise in mining, minerals and metals processing and related non-process infrastructure including sustainability, water and
energy solutions for the mining industry. DRA delivers advisory, engineering and project delivery services throughout the capital project
lifecycle from concept through to operational readiness and commissioning as well as ongoing operations, maintenance and shutdown
services.
DRA, headquartered in Perth, Australia, services its global customer base through 19 offices across Asia-Pacific, North and South
America, Europe, Middle East and Africa.
Date: 31-05-2022 11:50:00
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