IGO Interactive Annual Report 2019

DIRECTORS’ REPORT—REMUNERATION REPORT 30 JUNE 2019 ADDITIONAL STATUTORY INFORMATION (II) PERFORMANCE BASED REMUNERATION GRANTED AND FORFEITED DURING THE YEAR The table below shows for each KMP how much of their STI cash bonus was awarded and how much was forfeited. It also shows the value of performance rights that were granted, vested and forfeited during FY19. The number of performance rights and percentages vested/forfeited for each grant are disclosed in the table on page 60. 2019 Total STI bonus (cash and service rights) LTI performance rights Total opportunity $ Awarded 1 $ Awarded % Forfeited % Value granted 2 $ Value vested 3 $ Value forfeited 3 $ Executive Directors Peter Bradford 602,000 482,000 80 20 473,384 171,996 167,917 Keith Ashby 126,000 103,000 82 18 128,656 11,732 11,453 Kate Barker 119,000 98,000 82 18 121,509 4,928 4,812 Matt Dusci 265,000 217,000 82 18 309,945 37,675 36,781 Andrew Eddowes 129,500 106,000 82 18 132,944 11,540 11,265 Joanne McDonald 119,000 98,000 82 18 121,509 6,415 6,262 Sam Retallack 126,000 103,000 82 18 128,656 11,732 11,453 Ian Sandl 129,500 106,000 82 18 132,229 - - Scott Steinkrug 225,000 185,000 82 18 233,920 37,675 36,781 1. Payable 50% in cash and 50% in service rights (vesting in equal parts in September 2020 and September 2021). 2. The value at grant date for share rights granted during the year as part of remuneration is calculated in accordance with AASB 2 Share-based Payment . Refer to note 25 for details of the valuation techniques used for the EIP. 3. Value of shares vested and forfeited is based on the value of the share rights at grant date. (III) TERMS AND CONDITIONS OF THE SHARE-BASED PAYMENT ARRANGEMENTS Share rights under the Company’s EIP Share rights under the Company’s EIP are granted annually. The shares vest after three years from the start of the financial year, subject to meeting certain performance conditions. On vesting, each right automatically converts into one ordinary share. The Executives do not receive any dividends and are not entitled to vote in relation to the rights during the vesting period. If an Executive ceases employment before the rights vest, the rights will be forfeited, except in certain circumstances that are approved by the Board. The value at grant date for share rights granted during the year as part of remuneration is calculated in accordance with AASB 2 Share-based Payment . Refer to note 25 for details of the valuation techniques used for the EIP. Grant date Vesting date Grant date value Performance achieved % Vested 20 November 2018 1 July 2021 $2.17 To be determined n/a 28 September 2018 1 July 2021 $2.81 To be determined n/a 24 November 2017 1 July 2020 $3.14 To be determined n/a 29 September 2017 1 July 2020 $2.29 To be determined n/a 22 May 2017 1 July 2019 $2.30 To be determined n/a 24 November 2016 1 July 2019 $2.26 To be determined - 18 November 2016 1 July 2019 $2.21 To be determined - 22 January 2016 1 July 2018 $1.20 Between 50th and 75th percentile 50.6 16 December 2015 1 July 2018 $1.56 Between 50th and 75th percentile 50.6 IGO ANNUAL REPORT 2019 — 59