Post Employment Short-term benefits Benefits Long-term Benefits 30-Jun-22 Salary and fees $ Cash Bonus $ Superannuation $ Long Service Leave $ Equity Settled $ Total $ Non-Executive Directors: Michael Sandy 75,409 – – – – 75,409 Peter Stickland 126,125 – – – – 126,125 Executive Director: Andrew Purcell 357,100 – – – 636,2417 993,341 Key Management: Errol Johnstone 133,787 – 12,710 – – 146,497 Dean Johnstone 133,787 – 12,710 – – 146,497 826,208 – 25,420 – 636,241 1,487,869 The proportion of remuneration linked to performance and the fixed proportion are as follows: Fixed Remuneration At Risk (STI) At Risk (LTI) 30-Jun-23 30-Jun-22 30-Jun-23 30-Jun-22 30-Jun-23 30-Jun-22 Non-Executive Directors: Michael Sandy 100% 100% – – – – Peter Stickland 100% 100% – – – – Executive Director: Andrew Purcell 71.7% 35.9% 28.3% – – 64.1% Key Management Uno Makotsvana6,8 100% – – – – – Duncan Lockhart6,8 100% – – – – – Errol Johnstone 100% 100% – – – – Dean Johnstone 100% 100% – – – – 7 Andrew Purcell was issued 31,812,050 performance rights, as approved by the Company’s shareholders at the 2021 AGM. As indicated in the 2021 AGM notice of meeting, the total number of performance rights proposed by the Company was calculated based on 3 years of director’s fees at $150,000 p.a. divided by the 120-day VWAP up to and including 1 April 2021). However, the fair value of Andrew Purcell’s performance rights for the purposes of this financial report reflects the prevailing share price as at the date of shareholder approval. 8 Key Management Personnel that commenced employment in the reporting period will have their entitlement to an STI payment assessed following the end of the FY2024 financial year. 25 Melbana Energy Limited Annual Report 2023
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