20974 29Metals AR23 WEB V1 - Flipbook - Page 193
2023 key
results
114
Chair letter and
CEO report
About
29Metals
Our
assets
Sustainability
& ESG Report
Mineral Resources
and Ore Reserves
Annual
Financial Report
189
29Metals Appendix 4E and Annual Financial Report for 29Metals Limited and its Controlled Entities for the year ended 31 December 2023
Consolidated Financial Statements
Note 34: Share-based payments (continued)
(b) Performance rights awarded (continued)
(iv) 2022 Long term incentive (‘LTI’) award – awarded during the year ended 31 December 2022
During the year ended December 2022, 29Metals awarded performance rights under the Group’s LTI plan (the ‘ϮϬϮϮ >d/ ĂǁĂƌĚ’) The award date,
vesting date, performance period, and performance conditions for the 2022 LTI award are as follows:
Award date
ϭϴDĂƌĐŚϮϬϮϮ
, 8 , 82 performance rights granted to ey management personnel and employees of the Group
ϮϰDĂLJϮϬϮϮ
28,
sĞƐƚŝŶŐĚĂƚĞ
performance rights were awarded under the 2022 LTI award to the Managing Director C
December 202
WĞƌĨŽƌŵĂŶĐĞƉĞƌŝŽĚ
Period commencing
WĞƌĨŽƌŵĂŶĐĞĐŽŶĚŝƚŝŽŶƐ
ĂŶĚǁĞŝŐŚƚŝŶŐ
▪
▪
▪
ŽĂƌĚĚŝƐĐƌĞƚŝŽŶ
The oard is responsible for assessing performance against the award performance conditions The oard retains discretion under the LTI
award terms and the Plan Rules, including discretion regarding vesting outcomes
anuary 2022 and ending
December 202
Continued service through to vesting date
29Metals’ relative total shareholder return (weighting: 80%)
29Metals’ development and implementation of a three year roadmap for the Company to adopt recommendations of the Tas force
for Climate related inancial Disclosure and establishment and delivery against climate related targets and commitments, assessed at
the end of the Performance Period (weighting: 20%)
pon vesting, each performance right converts to one fully paid ordinary share
Refer to ote
(b)(vi) for the fair value per performance right
Refer to ote
(e) for the movement in Performance Rights during the year and balance at end of the year
(v) 2023 Long term incentive (‘LTI’) award – awarded during the year ended 31 December 2023
During the Reporting Period, 29Metals awarded performance rights under the Group’s LTI plan (the ‘ϮϬϮϯ >d/ ĂǁĂƌĚ’) The award date, vesting date,
performance period, and performance conditions for the 202 LTI award are as follows:
Award date
ϭϲDĂƌĐŚϮϬϮϯ
29Metals granted 2, 9 ,
ϭ:ƵŶĞϮϬϮϯ
2 ,
sĞƐƚŝŶŐĚĂƚĞ
performance rights to ey management personnel and employees of the Group
performance rights were granted under the 202 LTI award to the Managing Director
C
December 202
WĞƌĨŽƌŵĂŶĐĞƉĞƌŝŽĚ
Period commencing
WĞƌĨŽƌŵĂŶĐĞĐŽŶĚŝƚŝŽŶƐ
ĂŶĚǁĞŝŐŚƚŝŶŐ
▪
▪
▪
ŽĂƌĚĚŝƐĐƌĞƚŝŽŶ
The oard is responsible for assessing performance against the award performance conditions The oard retains discretion under the LTI
award terms and the Plan Rules, including discretion regarding vesting outcomes
anuary 202 and ending
December 202
Continued service through to vesting date
29Metals’ relative total shareholder return (weighting: 80%)
29Metals’ satisfaction of a Performance Condition relating to the Company’s cumulative absolute Total Shareholder Return assessed
over the Performance Period (weighting: 20%)
pon vesting, each performance right converts to one fully paid ordinary share
Refer to ote
(b)(vi) for the fair value per performance right
Refer to ote
(e) for the movement in Performance Rights during the year and balance at end of the year
114
