Report
NEXTDC CEO to forgo fiscal 2027 incentives after Melbourne power delay
Reuters reports NEXTDC said delayed electricity upgrades would defer about A$140 million in contracted customer revenue this financial year.
TLDR
Bloomberg reports NEXTDC’s CEO will give up his fiscal 2027 short-term and long-term incentive opportunities after delayed power supply at a major Melbourne project led the company to cut earnings guidance. Reuters reports NEXTDC said about A$140 million in contracted customer revenue would be deferred this financial year; its non-executive directors also agreed to a voluntary 10% fee cut.
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