20974 29Metals AR23 WEB V1 - Flipbook - Page 131
2023 key
results
52
Chair letter and
CEO report
About
29Metals
Our
assets
Sustainability
& ESG Report
Mineral Resources
and Ore Reserves
Annual
Financial Report
127
29Metals Appendix 4E and Annual Financial Report for 29Metals Limited and its Controlled Entities for the year ended 31 December 2023
Directors’ Report
Remuneration Report
Executive
KMP
Award
Award Date 1
Performance rights
(No. of PRs)
Staff ffer Incentive – Tranche 2
2 uly 202
22 00
3 un 2022
2 2
202
TI
Vesting period
2 ul 2 – 2
eb 23
2 ul 2 – 30 un 24
Vesting outcome
ully vested 2
eb 23
ill lapse and be
Fair value
( $ / PR)
2 00 2
22
3
forfeited
2022 TI
3 un 2022
32 4
an 22 – 3
ec 24
ill lapse and be
2 04
forfeited
WĞƚĞƌůďĞƌƚ
2023 TI
un 2023
42 3
an 23 – 3
ec 2
ill lapse and be
0 20
forfeited
2022 STI
ec 23
ully vested 22 eb 24
03 0 0
an 24 – 3
ec 24
To be determined
Staff ffer Incentive – Tranche 2
2 uly 202
3 02
2 ul 2 – 2
eb 23
ully vested 2
4
2 ul 2 – 30 un 24
TI
ov 202
2022 TI
2 Mar 2022
2023 TI
2 Mar 2023
2022 STI
2 Mar 2023
2023 STI
To be determined
Staff ffer Incentive – Tranche 2
2 uly 202
TI
2 Mar 2022
2023 TI
2 Mar 2023
2
2
2 24
2 20
an 23 – 3
ec 2
To be determined
0 0
ully vested 22 eb 24
an 23 – 3
ec 23
ec 24
3 02
2 ul 2 – 2
eb 23
4
2 ul 2 – 30 un 24
3
To be determined
ully vested 2
eb 23
To be determined
2 20
2
an 23 – 3
ec 2
To be determined
0 0
3
4
4
an 23 – 3
ec 23
ully vested 22 eb 24
3
04
an 24 – 3
ec 24
To be determined
Staff ffer Incentive – Tranche 2
2 uly 202
3 02
2 ul 2 – 2
eb 23
4
2 ul 2 – 30 un 24
2023 TI
2 Mar 2023
2022 STI
2 Mar 2023
2023 STI
To be determined
2
2
an 22 – 3
ec 24
ully vested 2
eb 23
4
02
2 00 2
To be determined
2 24
To be determined
2 20
0 0
an 23 – 3
ec 2
To be determined
44
an 23 – 3
ec 23
ully vested 22 eb 24
34 3 4
an 24 – 3
ec 24
To be determined
4
2 00 2
ec 24
2 Mar 2023
ov 202
3
an 22 – 3
To be determined
2 Mar 2022
2
02
2 24
2022 STI
TI
0
2
4
To be determined
2023 STI
2022 TI
2 00
To be determined
To be determined
an 24 – 3
2
02
ec 24
4 3 4
2
eb 23
0
an 22 – 3
332 4
ov 202
2022 TI
202
ůŝĨĨŽƌĚdƵĐŬ
an 23 – 3
To be determined
202
WĞƚĞƌ,ĞƌďĞƌƚ
4 304
2023 STI
202
ĚŽŽŶĞLJ
un 2023
2
3
4
02
Award date cited in table is the date on which relevant awards of performance rights were allocated to the e ecutive M or accounting purposes the award date for each
award to e ecutive M s other than Mr Albert is the date of approval of the award by the oard and for Mr Albert is the date on which shareholder approval of the award
was obtained
Ϯ͘ &ĂŝƌǀĂůƵĞ determined at 2 uly 202 being the date of award of Staff ffer Incentive performance rights to e ecutive M s efer to ote 34 to the Consolidated inancial
Statements for the year ended 3 ecember 2023 for further information regarding the calculation of ĨĂŝƌǀĂůƵĞ for share based payments
3 &ĂŝƌǀĂůƵĞdetermined at 24 May 2022 being the date on which shareholder approval of the 202 TI award to Mr Albert was received &ĂŝƌǀĂůƵĞcited is the weighted average
ĨĂŝƌǀĂůƵĞcalculated for 202 TI performance rights awarded to Mr Albert efer to ote 34 b iii to the Consolidated inancial Statements for the year ended 3 ecember
2023 for further information regarding the calculation of ĨĂŝƌǀĂůƵĞfor share based payments
4 &ĂŝƌǀĂůƵĞdetermined at 24 May 2022 being the date on which shareholder approval of the 2022 TI award to Mr Albert was received &ĂŝƌǀĂůƵĞcited is the weighted average
ĨĂŝƌǀĂůƵĞcalculated for 2022 TI performance rights awarded to Mr Albert efer to ote 34 b iv to the Consolidated inancial Statements for the year ended 3 ecember
2023 for further information regarding the calculation of ĨĂŝƌǀĂůƵĞfor share based payments
&ĂŝƌǀĂůƵĞdetermined at une 2023 being the date on which shareholder approval of the 2023 TI award to Mr Albert was received &ĂŝƌǀĂůƵĞcited is the weighted average
ĨĂŝƌǀĂůƵĞcalculated for 2023 TI performance rights awarded to Mr Albert efer to ote 34 b v to the Consolidated inancial Statements for the year ended 3 ecember
2023 for further information regarding the calculation of ĨĂŝƌǀĂůƵĞfor share based payments
&ĂŝƌǀĂůƵĞdetermined at une 2023 being the date on which shareholder approval of the 2022 STI award to Mr Albert was received &ĂŝƌǀĂůƵĞcited is the weighted average
ĨĂŝƌǀĂůƵĞcalculated for 2022 STI performance rights awarded to Mr Albert &ĂŝƌǀĂůƵĞcited includes a true up from the ĨĂŝƌǀĂůƵĞestimate included in the Consolidated
inancial Statements for the year ended 3 ecember 2022 efer to ote 34 c i to the Consolidated inancial Statements for the year ended 3 ecember 2023 for further
information regarding the calculation of ĨĂŝƌǀĂůƵĞfor share based payments
nder the terms of the C Transition performance rights proposed to be awarded to Mr Albert under the 2023 STI are subject to shareholder approval at the Company’s 2024
A M and if approved will be awarded and will vest following 3 ecember 2024 in accordance with the 2023 STI Award If shareholder approval is not obtained the e uity
component will be delivered as cash consistent with the outcome that would have applied to previous awards to Mr Albert had shareholder approval been not successfully
obtained which payment is also subject to the 2023 STI vesting period efer to section 3 for further information regarding the C Transition
The award of performance rights to e ecutive M s other than Mr Albert under the 2023 STI outcome is e pected to be made in March 2024 or statutory reporting
purposes the ĨĂŝƌǀĂůƵĞ of performance rights proposed to be awarded to e ecutive M s other than Mr Albert under the 2023 STI will be subject to true up to reflect fair
value as at the date on which the award was approved by the oard being 22 ebruary 2024 ote 34 c ii to the Consolidated inancial Statements for the year ended 3
ecember 2023 for further information regarding the calculation of ĨĂŝƌǀĂůƵĞfor share based payments efer also to section 4 3 for further information regarding the 2023 STI
outcomes including the calculation of the e uity component
The vesting period for performance rights awarded under the 2023 STI cited in the table is the period specified in the terms of the award or accounting purposes the vesting
period is the period anuary 2023 to 3 ecember 2024 inclusive
0 &ĂŝƌǀĂůƵĞfor performance rights proposed to be awarded to Mr Albert under the 2023 STI subject to obtaining shareholder approval to be sought at the Company’s 2024
A M or statutory reporting purposes the ĨĂŝƌǀĂůƵĞ of performance rights proposed to be awarded to Mr Albert under the 2023 STI will be subject to true up to reflect fair
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