IGO Interactive Annual Report 2018

DIRECTORS’ REPORT—REMUNERATION REPORT 30 JUNE 2018 Rights to service rights Rights to service rights issued under the EIP are granted following the determination of the STI for the performance year. The service rights component of the STI vest in two tranches, with the first tranche of 50% vesting on the 12 month anniversary of the STI award date, and the second tranche of 50% vesting on the 24 month anniversary of the STI award date. 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 limited circumstances that are approved by the Board on a case-by-case basis. The fair value of the rights is determined based on the 5 day VWAP of the Company’s shares after release of the IGO financial statements. Grant date % Vesting Vesting date Grant date value 9 October 2017 50% 3 September 2018 $3.51 9 October 2017 50% 1 September 2019 $3.51 (IV) RECONCILIATION OF LTI SHARE RIGHTS, SERVICE RIGHTS AND ORDINARY SHARES HELD BY KMP Share rights The table below shows the number of LTI share rights that were granted, vested and forfeited during the year. 2018 Balance at start of the year Granted during the year Vested during the year Forfeited during the year 1 Balance at the end of the year (unvested) Maximum value yet to vest Name and grant dates Year granted Number Number Number % Number % Number $ Peter Bradford 2018 - 266,667 - - - - 266,667 558,956 2017 135,000 - - - - - 135,000 99,668 2016 217,391 - - - - - 217,391 - 2015 175,365 - - - 175,365 100 - - Keith Ashby 2018 - 53,031 - - - - 53,031 87,116 2017 17,000 - - - - - 17,000 14,715 2016 19,361 - - - - - 19,361 - Matt Dusci 2018 - 121,213 - - - - 121,213 199,121 2017 41,000 - - - - - 41,000 35,489 2016 62,174 - - - - - 62,174 - 2015 50,154 - - - 50,154 100 - - Rob Dennis 2 2018 - 121,213 - - 93,196 - 28,017 - 2017 49,000 - - - 19,063 - 29,937 - 2016 78,116 - - - 4,348 - 73,768 - Andrew Eddowes 2018 - 22,131 - - - - 22,131 36,355 2017 16,000 - - - - - 16,000 13,849 2016 19,043 - - - - - 19,043 - 2015 15,327 - - - 15,327 100 - - Sam Retallack 2018 - 53,031 - - - - 53,031 87,116 2017 17,000 - - - - - 17,000 14,715 2016 19,361 - - - - - 19,361 - 2015 10,473 - - - 10,473 100 - - Ian Sandl 2018 - 22,182 - - - - 22,182 36,439 Scott Steinkrug 2018 - 109,091 - - - - 109,091 179,208 2017 41,000 - - - - - 41,000 35,489 2016 62,174 - - - - - 62,174 - 2015 50,154 - - - 50,154 100 - - 1. The Company achieved shareholder return over the 3 year period to 30 June 2017 of less than the 50th percentile of the comparator group and as such all share rights lapsed and were cancelled. 2. Following Mr. Dennis’ resignation on 30 April 2018, 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 a total of 116,607 share rights previously granted to Mr. Dennis. Note: The relative TSR performance condition of the share rights granted in FY16 (which were due to vest on 1 July 2018) was tested post 30 June 2018, and resulted in a relative TSR performance for the period 1 July 2015 to 30 June 2018 of 50.6% and as such 50.6% of the outstanding 2015 Series Performance Rights vested and ordinary shares were issued and the remaining performance rights lapsed and were cancelled. This will be accounted for in the FY19 Remuneration Report. IGO ANNUAL REPORT 2018— 61