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AXIOM MINING LIMITED
ANNUAL REPORT 2015
35
Directors’ report
continued
GROUP FINANCIAL REPORT
Remuneration report (continued)
Share options and performance rights (continued)
During the year, 36,136,163 (2014: 37,427,040) options to acquire ordinary shares in the Company were issued and
57,553,885 (2014: 4,935,060) options expired.
Options over ordinary shares of the Company as at 30 September 2015 were as follows:
Grant date
Date of expiry Exercise price Number under option
24/09/12
20/12/15
$0.30
133,333
04/03/13
15/02/16
$0.30
1,666,667
04/03/13
15/02/16
$0.30
1,666,666
10/02/14
10/02/17
$0.2805
883,333
02/06/15
31/05/16
$0.30
2,000,000
10/07/15
31/05/16
$0.40
3,000,000
10/07/15
31/05/16
$0.55
4,500,000
10/07/15
31/05/16
$0.175
666,666
10/07/15
31/05/16
$0.35
400,000
10/07/15
31/05/16
$0.50
100,000
15,016,665
Option holders do not have any rights to participate in any issues of shares or other interests in the Company or any
other entity.
Details of shares or interests issued during or since the end of the financial year as a result of exercise of options are:
Number of shares issued
Class of shares
Amount paid for
shares
$000
Amount unpaid on
shares
$000
3,764,653
Ordinary
953
–
ASIC Class Order 98/100 rounding of amounts
The Company is an entity to which ASIC Class Order 98/100 applies and, accordingly, amounts in the financial statements
and directors’ report have been rounded to the nearest thousand dollars.
Likely developments and expected results
In the opinion of the Directors it may prejudice the interests of the Company to provide additional information in relation
to the future developments and business strategies of the operations of the Company and the expected results of those
operations in subsequent financial years.
Environmental regulation
The Group is subject to significant environmental regulation with respect to its exploration activities. The Group aims
to ensure that the appropriate standard of environmental care is achieved, and in doing so, that it is aware of and is in
compliance with all environmental legislation. The Directors of the Company are not aware of any breach of environmental
legislation for the year under review.
Auditors
The Group’s financial statements have been audited by Hall Chadwick Chartered Accountants and Business Advisors.
Other transactions with KMP and their related parties
Apart from the transactions disclosed in the remuneration report above and in Note 20 to the consolidated financial
statements, there were no other transactions conducted between the Group and KMP or their related parties, relating
to equity, compensation and loans, that were conducted other than in accordance with normal employee, customer or
supplier relationships on terms no more favourable than those reasonably expected under arm’s length dealings with
unrelated persons.