2021 Annual Report

Directors’ Report — Remuneration report 30 June 2021 (IV) Reconciliation of performance rights, service rights and ordinary shares held by Executive KMP Performance rights The table below shows the number of performance rights that were granted, vested and forfeited during the year. Executive KMP Financial year granted Balance at start of the year Granted during the year Vested during the year Forfeited during the year Balance at the end of the year (unvested) Maximum value yet to vest Number Number Number % Number % Number $ Peter Bradford 2021 - 182,773 1 - - - - 182,773 417,791 2020 162,617 - - - - - 162,617 241,418 2019 218,475 - - - - - 218,475 - 2018 266,667 - 227,254 85.2 39,413 14.8 - - Keith Ashby 2 2020 34,579 - - - 18,299 - 16,280 - 2019 45,727 - - - 8,970 - 36,757 - 2018 53,031 - 45,193 85.2 7,838 14.8 - - Kate Barker 2021 - 42,016 - - - - 42,016 82,804 2020 32,710 - - - - - 32,710 54,889 2019 43,187 - - - - - 43,187 - 2018 17,371 - 14,803 85.2 2,568 14.8 - - Matt Dusci 2021 - 105,882 - - - - 105,882 208,670 2020 83,738 - - - - - 83,738 140,516 2019 110,161 - - - - - 110,161 - 2018 121,213 - 103,298 85.2 17,915 14.8 - - Andrew Eddowes 2021 - 39,915 - - - - 39,915 78,664 2020 35,514 - - - - - 35,514 59,594 2019 47,251 - - - - - 47,251 - 2018 22,131 - 18,860 85.2 3,271 14.8 - - Joanne McDonald 2021 - 36,764 - - - - 36,764 72,454 2020 32,710 - - - - - 32,710 54,889 2019 43,187 - - - - - 43,187 - 2018 17,819 - 15,185 85.2 2,634 14.8 - - Sam Retallack 2021 - 38,865 - - - - 38,865 76,594 2020 34,579 - - - - - 34,579 58,025 2019 45,727 - - - - - 45,727 - 2018 53,031 - 45,193 85.2 7,838 14.8 - - Ian Sandl 2021 - 42,016 - - - - 42,016 82,804 2020 37,383 - - - - - 37,383 62,760 2019 46,997 - - - - - 46,997 - 2018 22,182 - 18,904 85.2 3,278 14.8 - - Scott Steinkrug 2021 - 77,310 - - - - 77,310 152,361 2020 68,785 - - - - - 68,785 115,424 2019 83,140 - - - - - 83,140 - 2018 109,091 - 92,967 85.2 16,124 14.8 - - 1. The issue of performance rights to Mr Bradford was approved at the Company’s AGM on 18 November 2020 in accordance with ASX Listing Rule 10.14. 2. Following Mr Ashby’s resignation on 27 November 2020, the Board resolved to allocate the share rights previously granted to him on a period of service pro-rata basis in the relevant performance period. This resulted in the cancellation of 27,269 share rights previously granted to Mr Ashby. 68 —IGO ANNUAL REPORT 2021