Additional disclosures relating to key management personnel Shareholding The number of shares in the Company held during the financial year by each Director and other members of key management personnel of the Consolidated Entity, including their personally related parties, is set out on the next page: Balance at the start of the year Exercise of performance rights/options Additions Disposals/ Other Balance at the end of the year Ordinary shares Andrew Purcell 243,436,931 – 1,189,166 (10,000,000) 234,626,097 Michael Sandy 5,300,000 – 1,000,000 – 6,300,000 Peter Stickland 15,427,419 – 600,000 (2,200,000) 13,827,419 Uno Makotsvana – – 200,000 – 200,000 Duncan Lockhart – – – – – Errol Johnstone 9,200,625 – – – 9,200,625 Dean Johnstone 7,971,252 – – – 7,971,252 281,336,227 – 2,989,166 (12,200,000) 272,125,393 Option holding There were no options holdings held and no movements during the financial year ended 30 June 2023. Performance Rights Holding 2023 Balance at the start of the year Granted Exercised Other Changes Balance at the end of the year Vested and exercisable Unvested Performance rights over ordinary shares U. Makotsvana – 12,233,178 – – 12,233,178 – 12,233,178 D. Lockhart – 13,806,015 – – 13,806,015 – 13,806,015 E. Johnstone – 11,359,380 – – 11,359,380 – 11,359,380 D. Johnstone – 11,359,380 – – 11,359,380 – 11,359,380 – 48,757,953 – – 48,757,953 – 48,757,953 This concludes the remuneration report, which has been audited. Shares issued on the exercise of options There were 453,202,268 ordinary shares of Melbana Energy Limited issued on the exercise of options during the year ended 30 June 2023 and up to the date of this report. Indemnity and insurance of officers or Auditors The Group has in place a contract insuring the directors, the company secretary and all executive officers of the Group and any related body corporate against a liability incurred by a director, company secretary or executive officers to the extent permitted by the Corporations Act 2001 (Cth). The Group has indemnified the directors, the company secretary and all executive officers of the Group for costs incurred, in their capacity as officers of the Group, for which they may be held personally liable, except where there is a lack of good faith. Details of the amount of the premium paid in respect of the insurance policies are not disclosed as such disclosure is prohibited under the terms of the contract. No indemnities have been given or agreed to be given or insurance premiums paid or agreed to be paid, during or since the end of the financial year, to the auditors of the Group or any related entities against a liability incurred by the auditors. Remuneration Report (audited) continued 30 Melbana Energy Limited Annual Report 2023
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