Directors’ Report continued ANNUAL Report June 2023 Directors’ Report 16 (i) Shareholdings The trading of shares issued pursuant to the Company’s Equity Incentive Plan are subject to the Company’s Securities Trading Policy; further, Key Management Personnel and employees are encouraged not to trade shares granted in order to align Director, Key Management Personnel and employee interests with those of all shareholders. Details of equity instruments (other than options and rights) held directly, indirectly or beneficially by Key Management Personnel and their related parties are as follows: 30 June 2023 Balance at 1 July 2022 Granted as compensation Received on exercise of Performance Rights Other Changes Balance at 30 June 2023 Balance held nominally Directors O. Kleinhempel 18,783,600 - - 1,250,000 20,033,600 - S. Layton 54,181,559 - - 1,250,000 55,431,559 - R. Morrow 4,422,000 - - 1,569,471 5,991,471 - Z.P. Yeo 70,232,310 - - 1,250,000 71,482,310 - Executives K.B. MacNeill 439,989 - 5,000,000 (1,278,200) 4,161,789 - 148,059,458 - 5,000,000 3,721,800 157,100,729 - (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 2023 Balance at 1 July 2022 Granted Exercised Balance Total vested and exercisable Total unvested and unexercisable Directors O. Kleinhempel 10,000,000 312,500 - 10,312,500 10,312,500 - S. Layton 4,000,000 312,500 - 4,312,500 4,312,500 - R. Morrow 4,000,000 312,500 - 4,312,500 4,312,500 - Z.P. Yeo 4,000,000 312,500 - 4,312,500 4,312,500 - Executives K.B. MacNeill 15,000,000 - 5,000,000 10,000,000 10,000,000 - 37,000,000 1,250,000 5,000,000 33,250,000 33,250,000 - (iii) Loans to Key Management Personnel No loans have been made to Key Management Personnel of the consolidated Group, including their personally-related entities. (iv) Other Transactions and Balances No other transactions were entered into with Key Management Personnel during the financial year other than those disclosed in Note 33 (d). (f) Options and Performance Rights Granted as Remuneration No Options or Performance Rights were granted by the Company to Key Management Personnel of the Group during the financial year as part of their remuneration. (g) Equity Instruments Issued on Exercise of Remuneration Options or Rights 5,000,000 equity instruments were issued during the 2023 financial year to Key Management Personnel as a result of options or rights exercised that had previously been granted as remuneration. 58 EQ Resources Limited Annual Report 2023
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