Dear all,
I’ll also be furnishing you an updated AP EBITDA figure. Hence please submit your request to GHO with an update including bonus true up for AP EBITDA once you receive them so that you do not make multiple adjustments to the bonus amount.
We have previously advised to accrue based on 85% of AP EBITDA. This figure is currently 92% of AP EBITDA at $84m (before any adjustments re below revised cashflow assumption). Can you please come back to me asap if there are any significant releases for your clusters that will impact on AP EBITDA before we confirm the AP EBITDA to be 92% and ensure you have sufficient accruals for this metric.
Thanks.