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MRP senior managers in line for $1.2m in bonus shares

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Senior executives of newly listed, state-controlled Mighty River Power are in line for shares in lieu of cash bonuses worth $1.2 million for the year to June 30, one of the MRP's first disclosures to the NZX and ASX as a listed company shows. Some $418,750 of that total will be owed to chief executive Doug Heffernan, assuming bonus benchmarks are met. Mr Heffernan draws an annual base ...

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