Deferred Rights of Management personnel

Deferred Rights
The following table details deferred rights that have been provided to those key management personnel who elected to
receive the deferred component of their STI in shares rather than cash.
TABLE 9: DEFERRED RIGHTS PROVIDED TO KEY MANAGEMENT PERSONNEL
Name Financial
Year
Granted
Number of
Deferred Share
Rights
Vested during
the year
Forfeited
during the
year
Vested and
exercisable at
the end of the
year
Unvested at
the end of the
year
Simon Cooper 2019 18,347 18,347 – 18,347 –
Simon Cooper 2020 6,899 – – – 6,899
David Dzienciol 2020 6,618 – – – 6,618
Total 31,864 18,347 – 18,347 13,517
The fair value of the deferred rights at grant date is as follows:
Financial year granted Fair value at grantdate
2019 $6.34
2020 $6.10
Deferred rights under the Senior Executive STI Plan are granted following release of the annual results. The shares vest one
year from the grant date. On vesting, each right automatically converts into one ordinary share. Senior Executives do not
receive any dividends and are not entitled to vote in relation to the rights during the vesting period. If a Senior Executive ceases
employment before the rights vest, they have six months from the cessation of employment or the vesting date, whichever is
later, to exercise their deferred rights. Any rights not exercised in this period will automatically lapse.
The fair value of the rights is determined based on the volume weighted average trading price of the C

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