IGO Interactive Annual Report 2018

DIRECTORS’ REPORT—REMUNERATION REPORT 30 JUNE 2018 ADDITIONAL STATUTORY INFORMATION (II) PERFORMANCE BASED REMUNERATION GRANTED AND FORFEITED DURING THE YEAR The table below shows for each KMP how much of their STI cash bonus was awarded and how much was forfeited. It also shows the value of share rights that were granted, vested and forfeited during FY18. The number of share rights and percentages vested/forfeited for each grant are disclosed in the table on page 61. 2018 Total STI bonus (cash and service rights) LTI share rights Total opportunity $ Awarded $ Awarded % Forfeited % Value granted 1 $ Value vested 2 $ Value forfeited 2 $ Executive Directors Peter Bradford 560,000 364,000 65 35 837,288 - 497,295 Keith Ashby 122,500 78,155 64 36 121,200 - 23,186 Rob Dennis 250,000 - - - 64,031 - - Matt Dusci 250,000 159,500 64 36 277,026 - 127,867 Andrew Eddowes 127,806 82,307 64 36 - - - Sam Retallack 122,500 76,685 63 37 121,200 - 26,701 Ian Sandl 3 128,100 69,659 66 34 - - - Scott Steinkrug 225,000 140,850 63 37 249,322 - 127,867 1. The value at grant date for share rights granted during the year as part of remuneration is calculated in accordance with AASB 2 Share-based Payment . Refer to note 26 for details of the valuation techniques used for the EIP. 2. Value of shares vested and forfeited is based on the value of the share right at grant date. 3. Pro-rata entitlements based on commencement date of 4 September 2017. (III) TERMS AND CONDITIONS OF THE SHARE-BASED PAYMENT ARRANGEMENTS Share rights under the Company’s EIP Share rights under the Company’s EIP are granted annually. The shares vest after three years from the start of the financial year. On vesting, each right automatically converts into one ordinary share. The Executives do not receive any dividends and are not entitled to vote in relation to the rights during the vesting period. If an Executive ceases employment before the rights vest, the rights will be forfeited, except in certain circumstances that are approved by the Board. The value at grant date for share rights granted during the year as part of remuneration is calculated in accordance with AASB 2 Share-based Payment . Refer to note 26 for details of the valuation techniques used for the EIP. Grant date Vesting date Grant date value Performance achieved % Vested 24 November 2017 1 July 2020 $3.14 To be determined n/a 29 September 2017 1 July 2020 $2.29 To be determined n/a 22 May 2017 1 July 2019 $2.30 To be determined n/a 24 November 2016 1 July 2019 $2.26 To be determined n/a 18 November 2016 1 July 2019 $2.21 To be determined n/a 22 January 2016 1 July 2018 $1.20 Between 50th and 75th percentile 50.6 16 December 2015 1 July 2018 $1.56 Between 50th and 75th percentile 50.6 9 January 2015 1 July 2017 $2.55 <50th percentile - 20 November 2014 1 July 2017 $2.84 <50th percentile - 1. The additional grant dates during the year are due to subsequent grants to capture new employees. 60 — IGO ANNUAL REPORT 2018