Financial Report REMUNERATION OF KEY MANAGEMENT PERSONNEL Short Term Benefits Salary & Fees $ Bonus* $ Post - Employment Benefits Superannuation $ Long Term Benefits $ Share Based Payments (Options)# $ Total $ Percentage (%) Fixed Rem. Variable Rem. D Williams1 2024 52,552 – 5,781 – 671,479 729,812 8% 92% Chairman 2023 – – – – – – – – G Cumming 2024 67,500 – 7,425 – – 74,925 100% – Non-Exec Director 2023 75,000 – 7,875 – 51,304 134,179 62% 38% P Powell 2024 56,667 – 6,233 – – 62,900 100% – Non-Exec Director 2023 50,000 – 5,250 – 51,304 106,554 52% 48% M Johnston 2024 56,667 – 6,233 – – 62,900 100% – Non-Exec Director 2023 50,000 – 5,250 – 51,304 106,554 52% 48% A Cripps 2024 – – – – – – – – Non-Exec Director 2023 25,000 – 2,625 – 51,304 78,929 35% 65% L Hinch 2024 414,365 42,500 27,399 11,405 113,642 609,311 74% 26% CEO 2023 396,072 60,000 25,292 14,888 61,859 558,111 78% 22% Mark Edwards2 2024 262,601 15,000 27,399 1,338 16,535 322,873 90% 10% CFO and Co Sec 2023 168,280 – 17,669 385 17,035 203,369 92% 8% G Rice 2024 279,268 15,000 27,399 5,431 23,149 350,247 89% 11% CSO 2023 270,590 21,176 25,292 1,766 41,835 360,659 83% 17% T Di Pietro3 2024 – – – – – – – – CFO and Co Sec 2023 159,380 – 9,499 – – 168,879 100% – Total 2024 1,189,620 72,500 107,869 18,174 824,805 2,212,968 59% 41% Total 2023 1,194,322 81,176 98,752 17,039 325,945 1,717,234 76% 24% 1 D Williams appointed 29 November 2023 2 M Edwards appointed 2 November 2022 3 T Di Pietro appointed 28 July 2020 and resigned 11 November 2022 # The amounts reported represent non-cash expense required to be calculated under accounting standard AASB 2 – Share-based Payments * Bonuses were determined by the Board for the achievement of agreed key performance indicators. The KPI’s achieved include a range of operational initiatives and research and product development milestones. GROUP PERFORMANCE The table below shows the performance of the Group as measured by the Group’s closing share price and EPS over the last five years. 12 months ended 30 June 2020 12 months ended 30 June 2021# 12 months ended 30 June 2022 12 months ended 30 June 2023 12 months ended 30 June 2024 Closing share price $0.027 $1.88 $0.39 $0.85 $0.56 Loss after tax ($) (3,253,553) (11,150,880) (18,195,977) (8,969,241) (6,554,350) EPS ($ per share) (0.0022) (0.1443) (0.2003) (0.0975) (0.0709) # Data included for these financial years are impacted by a consolidation of securities in December 2020 on the basis of 1 security for every 30 securities held. 27 Annual Report 2024
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