ANNUAL Report June 2024 Directors’ Report 11 (ii) Options and Performance Rights Holdings Details of options and performance rights held directly, indirectly or beneficially by Key Management Personnel and their related parties during the financial year are as follows: 30 June 2024 Balance at 1 July 2023 Granted Lapsed Exercised Balance Total vested and exercisable Total unvested & unexercisable Directors O. Kleinhempel 10,312,500 - (8,000,000) (2,000,000) 312,500 312,500 - S. Layton 4,312,500 - (4,000,000) - 312,500 312,500 - R. Morrow 4,312,500 - (3,000,000) (1,000,000) 312,500 312,500 - Z.P. Yeo 4,312,500 - (2,000,000) (2,000,000) 312,500 312,500 - Executives K.B. MacNeill 10,000,000 1,000,000 (10,000,000) - 1,000,000 - 1,000,000 33,250,000 1,000,000 (27,000,000) (5,000,000) 2,250,000 1,250,000 1,000,000 (iii) Loans to Key Management Personnel No loans have been made to Key Management Personnel of the consolidated Group, including their personally related entities during the reporting period. (iv) Other Transactions and Balances No transactions were entered into with Key Management Personnel during the financial year other than those disclosed in Note 35 (d). (f) Options and Performance Rights Granted as Remuneration The Company granted the following options to Key Management Personnel of the Group during the reporting period as part of their remuneration: 30 June 2024 Number of granted options Grant date Expiry date Fair Value per Option at the grant date Total fair value of options Share-Based Payments Forfeited Expensed 2024 year IFRS 2 Not yet expensed Executives K.B. MacNeill 1,000,000 03/07/23 03/07/26 $0.02993 29,933 - 29,769 164 1,000,000 29,933 - 29,769 164 (g) Equity Instruments Issued on Exercise of Remuneration Options or Rights 5,000,000 equity instruments were issued during the 2024 financial year to Key Management Personnel as a result of options exercised that had previously been granted as remuneration. (h) Service Agreements Remuneration and other terms of employment for the Key Management Personnel are formalised in Service/Appointment Agreements. All contracts may be terminated by either party with regards to the stipulated notice period, subject to any termination payments as detailed below. Directors O. Kleinhempel There is a written agreement with Mr Kleinhempel dated 12 August 2019 in his role as Non-executive Director of the Company and subsequently as Non-Executive Chairman on 24 April 2020. Cash payments and benefits totalling $16,000 were paid to Mr Kleinhempel during the 2024 financial year whilst $32,000 were outstanding at year end. EQ Resources Limited Annual Report 2024 77
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