E Additional information (unaudited)
Principles used to determine the nature and amount of remuneration: relationship between remuneration and company performance
The overall level of executive reward takes into account the performance of the Group over a number of years, with greater emphasis given to the
current and prior year. Emphasis is also placed on the level of executive remuneration paid by the Company peers in the Australian gold industry.
Details of remuneration: cash bonus and options
For each cash bonus and grant of options included in the tables on pages 41, 42 and 44 to 47 the percentage of the available bonus or grant
that was paid or that was vested, in the financial year, and the percentage that was forfeited because the person did not meet the service and
performance criteria is set out below. No part of the bonus is payable in future years. The options vest over a 2 or 3 year period and will vest if
the executive remains an employee of the Company on the vesting date and the options will vest immediately if the executive’s employment is
terminated as a result of a change in control of the Company. No options will vest if the above conditions are not satisfied, hence the minimum value
of the options yet to vest is nil. The maximum value of the options yet to vest has been determined assuming the share price on the date the options
are exercised will not exceed $2.82 for the options issued in July 2005, $4.00 for the options issued in October 2005 and $5.12 for the options issued
in July 2006. |