Performance rights The terms and conditions of each grant of performance rights affecting remuneration of key management personnel in this financial year or future reporting years are as follows: Type of performance right granted Vesting Close Date Number of performance rights Value per right at grant date $ Target Price $ Uno Makotsvana LTI - Tranche 1 2 May 2024 7,103,554 0.022 0.120 LTI - Tranche 2 2 Dec 2025 5,129,624 0.031 0.192 Duncan Lockhart LTI - Tranche 1 28 May 2024 8,016,868 0.022 0.120 LTI - Tranche 2 28 Nov 2025 5,789,147 0.031 0.192 Errol Johnstone LTI - Tranche 1 28 May 2024 6,596,157 0.022 0.120 LTI - Tranche 2 27 Nov 2025 4,763,223 0.031 0.192 Dean Johnstone LTI - Tranche 1 28 May 2024 6,596,157 0.022 0.120 LTI - Tranche 2 27 Nov 2025 4,763,223 0.031 0.192 Conditions for vesting of the performance rights include a) the Company’s share price closing at or greater than the Target Price for 20 consecutive trading days by Vesting Close Date and, b) continued employment at time of vesting. Additional information The earnings of the Consolidated Entity for the five years to 30 June 2023 are summarised below: 2023 $ 2022 $ 2021 $ 2020 $ 2019 $ Profit/(loss) after income tax (1,001,999) 6,332,812 (1,398,123) (2,157,906)(3,357,696) The factors that are considered to affect total shareholder return are summarised below: 2023 $ 2022 $ 2021 $ 2020 $ 2019 $ Share price at financial year end 0.07 0.08 0.02 0.01 0.01 Basic earnings (cents per share) (0.03) 0.24 (0.06) (0.11) (0.18) 29 Melbana Energy Limited Annual Report 2023
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