18. SHARE BASED PAYMENTS (CONTINUED) The performance options were ascribed the below value: Class Date of Issue Number of Performance Options (i) Expiry Date Price of Shares ($) Total Value ($) (ii) Expense for the period ($) Class A 29.09.22 1,500,000 31.12.24 0.035 – – 24.03.23 3,000,000 31.12.24 0.058 – – 31.07.23 500,000 31.12.24 0.041 – – Total Class A 5,000,000 – – – Class B 29.09.22 1,500,000 31.12.25 0.035 52,500 16,028 24.03.23 3,000,000 31.12.25 0.058 174,000 61,862 31.07.23 500,000 31.12.25 0.041 20,500 7,700 Total Class B 5,000,000 – 247,000 85,590 Class C 29.09.22 2,250,000 31.12.25 0.035 78,750 24,042 24.03.23 3,000,000 31.12.25 0.058 174,000 61,862 31.07.23 500,000 31.12.25 0.041 20,500 7,700 Total Class C 5,750,000 – 273,250 93,604 Class D 29.09.22 2,250,000 31.12.27 0.035 78,750 20,866 24.03.23 3,000,000 31.12.27 0.058 174,000 52,547 31.07.23 500,000 31.12.27 0.041 20,500 6,391 Total Class D 5,750,000 – – 273,250 79,804 Total 21,500,000 – – 793,500 258,998 (i) Each Performance option will convert into one fully paid ordinary share. (ii) The value of the rights was determined as per the date the rights were issued. (iii) T he share based payment expense of $258,998 is before the reversal of $32,762 relating to the prior year. It has been deemed that the milestones occurring for the Class A performance options on issue as at reporting date will unlikely occur, therefore the expense has been reversed. Of the above performance options granted, the following were issued to key management personnel, and had not expired as at 30 June 2024. 43 St George Mining Limited Annual Report 2024
RkJQdWJsaXNoZXIy MjE2NDg3