FY22 LTIP Outcomes Executive KMP Position Performance rights issued for FY22 period1 Performance rights issued for FY21 period2 Number Number Peter Bradford Managing Director and CEO 106,7243 182,7734 Kate Barker General Counsel and Head of Risk & Compliance 24,013 42,016 Matt Dusci Chief Operating Officer 59,765 105,882 Andrew Eddowes Head of Corporate Development 21,345 39,915 Joanne McDonald Company Secretary and Head of Corporate Affairs 21,345 36,764 Sam Retallack Head of People & Culture 21,345 38,865 Scott Steinkrug Chief Financial Officer 44,824 77,310 1. Performance rights awarded at the 20-day VWAP to 25 August 2021 of $9.37. 2. Performance rights awarded at the 20-day VWAP to 25 August 2020 of $4.76. 3. Approved by shareholders at the 2021 Annual General Meeting, in accordance with ASX Listing Rule 10.14. 4. Approved by shareholders at the 2020 Annual General Meeting, in accordance with ASX Listing Rule 10.14. Employee Incentive Plan The IGO Limited Employee Incentive Plan (EIP) was approved by shareholders at the Annual General Meeting in November 2019. The number of eligible products able to be issued under the EIP is limited to 5% of the issued capital of the Company. The 5% limit includes grants under all plans made in the previous three years (with certain exclusions under the Corporations Act 2001). At the end of FY22 this percentage stands at 0.49%. There are no voting or dividend rights attached to the share rights. Company Performance A key and continued focus for the Board and Company is to align Executive KMP remuneration to the achievement of strategic and business objectives of the Group and the creation of shareholder value. The table below illustrates a summary of the Group’s financial performance over the last five years as required by the Corporations Act 2001 . 2022 2021 2020 2019 2018 Revenue ($ millions) 902.8 915.0* 888.9 784.5 777.9 Profit for the year attributable to owners ($ millions) 330.9 548.7* 155.1 76.1 52.7 Dividends (cents per share) 10 10 11 10 3 Share price at year end ($ per share) 9.94 7.63 4.87 4.72 5.14 * Includes continuing and discontinued operations. Performance Rights Measurement Period Testing occurs three years from 1 July of the relevant financial year. Cessation of Employment In the event that the Executive KMP’s employment with IGO terminates prior to the vesting of all performance rights, outstanding unvested rights will be reviewed by the Board and may or may not vest, depending on the circumstances of the Executive KMP’s cessation of employment. Board Discretion The Board has absolute discretion to adjust performance rights vesting if, on assessment, absolute TSR is negative over the performance period. Peer Group The Company’s RTSR performance for performance rights issued during FY22 will be assessed against a peer group comprised of members of the S&P ASX 300 Metals and Mining Index, as well as a number of listed overseas mining companies. LTI - Non-executive Directors The overarching Employee Incentive Plan (EIP) permits Non-executive Directors to be eligible employees and therefore to participate in the plan. It is not currently intended that Non-executive Directors will be issued with share rights under the EIP and any such issue would be subject to all necessary shareholder approvals. IGO ANNUAL REPORT 2022— 71 70 —IGO ANNUAL REPORT 2022
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