Page 80 - Sundance Resources 2014 Annual Report

78 SUNDANCE RESOURCES LIMITED ANNUAL REPORT 2014
NOTE 8. EQUITY (continued)
Note 8(a) Contributed Equity
OPTIONS OVER ORDINARY SHARES
At 30 June 2014 there were 460,502,000 unissued ordinary shares for which options (2013: 17,652,547) were outstanding
which were subject to vesting conditions. These comprise the following:
• 502,000 options which entitle the holder to subscribe for one ordinary share in the Parent Entity for 25 cents per share
expiring on 30 January 2015
• 200,000,000 options which entitle the holder to subscribe for one ordinary share in the Parent Entity for 12 cents per
share expiring on 18 November 2015
• 200,000,000 options which entitle the holder to subscribe for one ordinary share in the Parent Entity for 10 cents per
share expiring on 4 November 2015
• 60,000,000 options which entitle the holder to subscribe for one ordinary share in the Parent Entity for 12 cents per
share expiring on 4 November 2015
PERFORMANCE RIGHTS OVER ORDINARY SHARES
At 30 June 2014 there were 33,220,935 performance rights (2013: 9,859,433) on issue over ordinary shares.
• 915,248 performance rights issued pursuant to the 2011 Long Term Incentive (‘LTI’) plan. These performance rights
vest over the period to 31 December 2014
• 1,909,470 performance rights issued pursuant to the 2012 LTI plan. These performance rights vest over the period to
31 December 2015
• 2,694,743 performance rights issued pursuant to the 2013 LTI plan. These performance rights vest over the period to
31 December 2016
• 12,728,318 performance rights issued pursuant to the retention plan. These performance rights vest over the period to
1 November 2016
• 14,973,156 performance rights issued pursuant to the 2014 LTI plan. These performance rights vest over the period to
31 December 2017
TERMS AND CONDITIONS OF CONTRIBUTED EQUITY
Ordinary shares have the right to receive dividends as declared and, in the event of winding up the Company, to participate
in the proceeds from sale of all surplus assets in proportion to the number of, and amounts paid up, of shares held.
Ordinary shares entitle their holder to one vote, either in person or by proxy, at any meeting of the Company.
NOTES TO THE
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2014