Key management personnel have no entitlement to termination payments in the event of removal for misconduct. Share-based compensation Issue of shares There were no shares issued to Directors and other key management personnel as part of compensation during the year ended 30 June 2024(2023: Nil). Options There were no options over ordinary shares issued to Directors and other key management personnel as part of compensation that were outstanding as at 30 June 2024. Performance rights The terms and conditions of each grant of performance rights affecting remuneration of key management personnel in this financial year or future reporting years are as follows: Type of Performance Right Vesting Close Date No of Performance Rights Lapsed/ Vested Balance as at 30 June 2024 Value per Right at Grant Date $ Target Price $ Uno Makotsvana LTI - Tranche 1 2 May 2024 7,103,554 (7,103,554) – 0.022 0.120 LTI - Tranche 2 2 Dec 2025 5,129,624 – 5,129,624 0.031 0.192 Duncan Lockhart LTI - Tranche 1 28 May 2024 8,016,868 (8,016,868) – 0.022 0.120 LTI - Tranche 2 28 Nov 2025 5,789,147 – 5,789,147 0.031 0.192 Christopher Thompson LTI - Tranche 1 1 Jun 2025 9,473,684 – 9,473,684 0.0190 0.163 LTI - Tranche 2 1 Dec 2026 6,642,066 – 6,642,066 0.0271 0.260 Conditions for vesting of the performance rights include a) the Company’s share price closing at or greater than the Target Price for 20 consecutive trading days by Vesting Close Date and, b) continued employment at time of vesting. Additional information The earnings of the Consolidated Entity for the five years to 30 June 2024 are summarised below: 2024 $ 2023 $ 2022 $ 2021 $ 2020 $ Profit/(loss) after income tax 3,259,760 (1,001,999) 6,332,812 (1,398,123) (2,157,906) The factors that are considered to affect total shareholder return are summarised below: 2024 $ 2023 $ 2022 $ 2021 $ 2020 $ Share price at financial year end 0.03 0.07 0.08 0.02 0.01 Basic earnings (cents per share) 0.10 (0.03) 0.24 (0.06) (0.11) 31 Melbana Energy Limited Annual Report 2024
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