According to the information received from Denel
(1). Members of the Denel Board of Directors (Non-Executive Directors) have received Directors’ fees for official meetings attended for the following periods:
(a). The payment of Board fees made in full:
i). Quarter 2 of 2020/21 financial year;
ii). Quarter 3 of 2020/21 financial year
iii). Quarter 4 of 2020/21 financial year;
iv). Quarter 1 of 2021/22 financial year; and
v). Quarter 2 of 2021/22 financial year
(b). Board member’s fees for Quarter 3 of 2021/22, are still outstanding in full and committee fees for Quarter 1, Quarter 2 and Quarter 3 of 2021/22 financial year are still outstanding due to Denel’s liquidity situation.
(2).
(a). (i) Denel has a total of 5 (five) divisional Chief Executive Officers (CEOs). All 5 of them have been receiving partial salary payments since June 2020.
(b). (i) The Interim Group Chief Executive Officer is currently receiving a partial salary.
(ii) The Divisional CEOs and the Interim Group Chief Executive Officer have outstanding salary and other related payments due to them from Denel for the period under question.
(3). Denel Land Systems (DLS) currently has (1) one employee with artillery design experience. The employee works with 4 (four) other employees, who have been subcontracted from the group’s Engineering Department.