Page 67 - Sundance Resources Ltd Annual Report 2013

SUNDANCE RESOURCES LIMITED ANNUAL REPORT 2013 65
- 2,650,000 33.3% $948,700 - - - 2,650,000
31/12/2016
-
-
-
-
78,410
-
-
-
20%
-
-
-
$27,914
-
-
454,804
78,410
235,229
111,328
100%
20%
60%
35%
$41,842
$27,914
$21,641
$10,242
-
-
-
-
31/12/2016
–
-
-
25,953
–
-
20%
-
-
$9,239
–
-
25,952
–
-
20%
-
-
$9,239
–
142,126
77,858
37,680
31/12/2016
-
-
-
78,410
–
-
20%
-
-
$27,914
–
-
78,409
–
-
20%
-
-
$27,914
–
420,694
235,229
103,792
31/12/2016
-
-
-
69,575
–
-
20%
-
-
$24,769
–
-
69,575
–
-
20%
-
-
$24,769
–
369,528
208,725
102,765
31/12/2016
-
-
-
99,393
–
-
20%
-
-
$35,384
–
-
99,392
–
-
20%
-
-
$35,384
–
511,654
298,178
137,020
31/12/2016
-
-
-
135,174
–
-
20%
-
-
$48,122
–
-
135,174
–
-
20%
-
-
$48,122
–
734,508
405,521
205,529
31/12/2016
-
-
-
81,116
–
-
20%
-
-
$28,877
–
-
81,115
–
-
20%
-
-
$28.877
–
437,749
243,346
123,318
(iii) Upon vesting of the performance rights, shares will automatically be issued to the participant, unless the Company is in a “Blackout Period” (as defined in the Company’s Share
Trading Policy) or the Company determines in good faith that the issue of Shares at that time may breach the insider trading provisions of the Corporations Act, in which case the
Company will issue the shares as soon as reasonably practical thereafter.
(iv) Performance rights issued under the 2011, 2012 and 2013 LTI Plans vest on the achievement of performance conditions over a period to 31 December 2014, 2015 and 2016
respectively. Details of the 2011, 2012 and 2013 LTI Plans are provided in this report.
(v) In the event a takeover bid is declared to be unconditional, a change in control event has occurred or if a merger by way of a scheme of arrangement under the Corporations Act
has been approved by the Court the Board will at its discretion determine the extent to which unvested performance rights vest.
directors’ report (continued)
FOR THE YEAR ENDED 30 JUNE 2013
Granted
During
Financial
Year Vested During Financial Year Lapsed During Financial Year
No. Held
at End of
Financial
Year
Vesting
Period (iii,iv,v) No.
% of Grant
Vested
Fair Value
of Rights
Issued
$ No.
% of Grant
Lapsed
Fair Value
of Rights
Lapsed
$