Axiom 2014 Annual Report - page 42

Directors’ Report
40
Axiom Mining Limited
continued
Share Options and Performance Rights
Under the Directors and Executives Performance Rights Plan (approved by shareholders on 22 April 2013);
––
No performance rights were issued to Directors (2013: 110 million);
––
No performance rights were issued to employees (2013: 4.6 million);
––
4.2 million performance rights lapsed during the year (2013: 33 million); and
––
No performance rights were exercised by Directors and employees during the year (2013: 1 million).
Details of the movements during the year are as follows:
No. of rights
outstanding
as at
1 October
2013
Granted
during
the year
Exercised
during
the year
Lapsed
during the
year
No. of rights
outstanding
as at
30 September
2014
Stephen Ray Williams
12,500,000
–
–
– 12,500,000
Ryan Richard Mount
100,000,000
–
–
– 100,000,000
Neil Francis Stuart
2,000,000
–
–
2,000,000
–
Other employees
2,200,000
–
–
2,200,000
–
116,700,000
–
–
4,200,000 112,500,000
During the year, 561, 405, 602 (2013: 338,443,086) options to acquire ordinary shares in the Company were issued and
74,025,901 (2013: 239,839,564) options expired.
Options over ordinary shares of the Company as at 30 September 2014 were as follows:
Grant Date
Date of Expiry Exercise Price Number under Option
02/04/12
02/10/14
$0.0300
10,000,000
24/09/12
20/12/15
$0.0200
2,000,000
25/10/12
30/10/14
$0.0300
8,333,333
30/10/12
30/10/14
$0.0300
6,500,000
04/03/13
15/02/16
$0.0200
50,000,000
10/02/14
10/02/17
$0.0187
13,250,000
11/02/14
30/11/14
$0.0170
16,000,000
10/04/14
31/03/15
$0.0200
392,042,873
08/09/14
30/11/14
$0.0200
89,053,839
587,180,045
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
77,513,759
Ordinary
1,295
–
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.
GROUP FINANCIAL REPORT
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