Page 111 - Sundance Resources Ltd Annual Report 2013

SUNDANCE RESOURCES LIMITED ANNUAL REPORT 2013 109
NOTES TO THE
FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 30 JUNE 2013
Shares issued 19 June 2012 115,942,029 40,000,000
Capital raising costs - (1,535,426)
Shares issued 22 June 2012 100,500 22,613
Balance as at 30 June 2012 3,049,577,034 402,462,737
2,650,000 shares issued 5 November 2012 2,650,000 -
14,000,000 shares issued 23 November 2012(ii) 14,000,000 5,460,000
Capital raising costs - (113,051)
971,500 shares issued 18 January 2013 (i) 971,500 218,588
150,000 shares issued 18 January 2013 (i) 150,000 37,500
814,751 shares issued 18 January 2013 (i) 814,751 -
301,200 shares issued 30 January 2013 (i) 301,200 60,240
2,646,500 shares issued 30 January 2013 (i) 2,646,500 595,462
1,000,000 shares issued 30 January 2013 (i) 1,000,000 250,000
Balance as at 30 June 2013 3,072,110,985 408,971,476
(i) Issued through exercise of employee share options
(ii) Relates to 14,000,000 shares issued on 23 November 2012 following an agreement in relation to the third and final conditional instalment of Sundance shares to be
issued to the recipient in consideration of Sundance’s acquisition from the recipient of a 15% interest in Sundance subsidiary Congo Iron on 19 September 2008
OPTIONS OVER ORDINARY SHARES
At 30 June 2013 there were 17,652,547 unissued ordinary shares for which options (2012: 30,986,866)
were outstanding which were subject to vesting conditions. These comprise the following:
• 6,500,000 options which entitle the holder to subscribe for one ordinary share in the Parent Entity for
30 cents per share expiring on 22 December 2013
• 6,500,000 options which entitle the holder to subscribe for one ordinary share in the Parent Entity for
40 cents per share expiring on 22 December 2013
• 193,750 options which entitle the holder to subscribe for one ordinary share in the Parent Entity for
25 cents per share expiring on 29 January 2014
• 3,567,748 options which entitle the holder to subscribe for one ordinary share in the Parent Entity for
25 cents per share expiring on 30 January 2014
• 389,049 options which entitle the holder to subscribe for one ordinary share in the Parent Entity for
22.5 cents per share expiring on 30 January 2014
• 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
PERFORMANCE RIGHTS OVER ORDINARY SHARES
At 30 June 2013 there were 9,859,433 performance rights (2012:10,534,449) on issue over ordinary shares.
• 2,650,000 performance rights issued to Mr Casello which were approved by shareholders at the
Company’s AGM held on 24 November 2010. These performance rights vest on 3 November 2013.
• 1,049,384 performance rights issued pursuant to the 2011 Long Term Incentive (‘LTI’) plan.
These performance rights vest over the period to 31 December 2014
• 2,209,014 performance rights issued pursuant to the 2012 LTI plan. These performance rights vest over
the period to 31 December 2015
• 3,951,034 performance rights issued pursuant to the 2013 LTI plan. These performance rights vest over
the period to 31 December 2016
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.