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34
AXIOM MINING LIMITED
ANNUAL REPORT 2015
Directors’ report
continued
GROUP FINANCIAL REPORT
Short-term benefits
Post-employment
benefits
Share-based
Payment
S300A(1)
(e)(i)
Proportion of
remuneration
performance
related
%
S300A(1)
(e)(vi)
Value of share
rights as
proportion of
remuneration
%
Twelve
months to
30 September
Primary
Salary
and fees
$
Non-
monetary
benefits
$
Super-
annuation
$
Retirement
benefits
$
Performance
Rights*
$
Total
$
Jess Timothy Oram
General Manager
Exploration
2015
–
–
–
–
–
–
–
–
2014
172,270
– 16,000
–
– 188,270
–
–
Total Remuneration
2015
1,407,621 176,653 117,563
– 367,723 2,069,560
–
–
2014
733,722
538 60,152
– 280,641 1,075,053
–
–
* For an explanation of performance rights refer to the footnote below the non-executive directors’ remuneration table on page 29.
Share options and performance rights
Under the Directors and Executives Performance Rights Plan (approved by shareholders on 22 April 2013):
–
No
(1)
performance rights were issued to Directors (2014: Nil)
–
No performance rights were issued to employees (2014: Nil)
–
Nil performance rights lapsed during the year (2014: Nil); and
–
No performance rights were exercised by Directors and employees during the year (2014: Nil).
(1)
12 million Rights were approved by shareholders for Mr Mount on 31 March 2015. The Rights have not been issued. A further 150,000 Rights at the
exercise price of $0.50 were issued to Mr Gray following approval at the Extraordinary General meeting held of 15 October 2015.
Details of the movements as at 30 September 2015 are as follows:
No of rights
outstanding
as at
1 October
2014
Granted
during
the year
Exercised
during
the year
Lapsed
during the
year
No. of rights
outstanding
as at
30 September
2015
Stephen Ray Williams
833,332
–
–
(166,666)
666,666
(2)
Ryan Richard Mount
6,666,661
–
– (6,666,661)
(3)
–
7,499,993
–
– (6,833,327)
666,666
(2)
The VWAP hurdles relating to the 666,666 Rights were not met by 21 October 2015 and have lapsed.
(3)
Cancelled post year-end as detailed in Resolution 6 of the Annual General Meeting dated 31 March 2015.
Remuneration report (continued)
e. Remuneration of specified Directors and specified executives (continued)