Impact Minerals Ltd Annual Report 2023 35 Directors’ Report continued G) DETAILS OF REMUNERATION The following table show details of the remuneration received by the Group’s key management personnel for the current and previous financial year. Name Short-term employment benefits Postemployment benefits Share-based payments Total $ % of remuneration to total from shares and options % Salary & fees $ Nonmonetary benefit $ Superannuation $ Shares $ Options $ 2023 Directors P Unsworth 59,361 – 6,233 – 68,400 133,994 51.0 M Jones 246,880 – – – 142,500 389,380 36.6 P Ingram 32,877 – 3,452 – 45,600 81,929 55.7 F Bierlein 32,877 – 3,452 – 45,600 81,929 55.7 TOTALS 371,995 – 13,137 – 302,100 687,232 – 2022 Directors P Unsworth 59,361 – 5,936 – 91,000 156,297 58.2 M Jones 246,880 – – – 175,000 421,880 41.5 P Ingram 32,877 – 3,288 – 56,000 92,165 60.8 F Bierlein(1) 23,836 – 2,384 – 56,000 82,220 68.1 M Elsasser(2) 21,096 – – – 56,000 77,096 72.6 TOTALS 384,050 – 11,608 – 434,000 829,658 – (1) Appointed 13 October 2021. (2) Retired 31 January 2022. No components of remuneration are linked to the performance of the Group. H) SERVICE AGREEMENTS M Jones, Managing Director Dr Jones is remunerated pursuant to an ongoing Consultancy Services Agreement. Dr Jones was paid fees of $246,880 for the year ended 30 June 2023. The notice period (other than for gross misconduct) is three months. I) DETAILS OF SHARE-BASED COMPENSATION AND BONUSES Options Options over ordinary shares in Impact Minerals Limited are granted under the Employee Securities Incentive Plan (“Incentive Plan”). Participation in the Incentive Plan and any vesting criteria are at the Board’s discretion and no individual has a contractual right to participate in the Incentive Plan or to receive any guaranteed benefits. Any options issued to Directors of the Company are subject to shareholder approval. Options issued to Directors in the 2023 financial year were approved by shareholders at the 2022 Annual General Meeting. Further information on the fair value of share options and assumptions is set out in Note 26 to the financial statements. J) EQUITY INSTRUMENTS HELD BY KEY MANAGEMENT PERSONNEL The following tables detail the number of fully paid ordinary shares and options over ordinary shares in the Company that were held during the financial year and the previous financial year by key management personnel of the Group, including their close family members and entities related to them.
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