Abacus Property Group – Annual Financial Report 2018
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DIRECTORS’ REPORT<br />
30 June <strong>2018</strong><br />
ABACUS PROPERTY GROUP<br />
REMUNERATION REPORT (audited) (continued)<br />
Other transactions with key management personnel<br />
During the year, transactions occurred between the <strong>Group</strong> and key management personnel which are within<br />
normal employee and investor relationships.<br />
Table 15: Glossary of terms used in the Remuneration <strong>Report</strong><br />
Term<br />
allocation date for an award of SARS<br />
Definition<br />
the first business day after a period of 10 trading days on<br />
ASX starting from the second trading day after the full year<br />
results announcement for the <strong>Group</strong> for the previous<br />
financial year has elapsed<br />
Executives<br />
the Managing Director and the other senior executives of<br />
<strong>Abacus</strong> who are members of the KMP<br />
Key Management Personnel or KMP<br />
those executives who for the purposes of the accounting<br />
standards are considered to have authority and<br />
responsibility for planning, directing and controlling the<br />
major activities of <strong>Abacus</strong>, and includes the directors<br />
Security acquisition rights or SARs<br />
SARs are awarded under the deferred security acquisition<br />
rights plan. If a SAR vests, it will convert into ABP security<br />
on a one for one basis or (exceptionally, subject to the<br />
discretion of the Board where an executive already has a<br />
significant holding of ABP securities) a cash amount equal<br />
to the face value of an ABP security at around the time of<br />
vesting<br />
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