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24 BRADKEN LIMITED ANNUAL REPORT 2013
Directors’ Report
30 June 2013
Bradken Limited
Directors' report (continued)
30 June 2013
D. Remuneration report (continued)
(f)
Additional information (continued)
Share based compensation: Rights
Further details relating to rights are set out below.
B
Value at
grant
date
$
C
Value at
exercise
date
$
D
Value at
lapse
date
$
115,955
-
122,957
133,342
-
163,280
160,599
-
-
478,061
225,335
633,587
115,853
-
54,524
213,746
-
282,747
135,312
-
146,037
A=
B=
C=
D=
Shares under Performance Rights
Unissued shares of Bradken Limited under Performance Right at the date of this report are as follows:
Expiry date
Exercise price
Number of shares under
right
Ten years from Test Date
Ten years from Test Date
Ten years from Test Date
Ten years from Test Date
Ten years from Test Date
Ten years from Test Date
Final Test Date
Final Test Date
Final Test Date
Final Test Date
Final Test Date
Final Test Date
Shares purchased on exercise of Rights
Exercise price of right
Number of shares
purchased
7 October 2011
Nil
619,410
17 October 2008
5 November 2010
5 November 2010
Nil
The value at lapse date of Rights that were granted as part of remuneration and that lapsed during the year.
23.8%
Stephen Cantwell
24.0%
18.7%
17 October 2008
Tom Armstrong
23,988
17,877
Nil
7 October 2011
The value at grant date calculated in accordance with AASB 2
Share-based payment
of Rights granted during the year as
part of remuneration.
17 October 2008
14,993
116
Brad Ward
31 October 2007
Nil
Nil
Date Rights granted
18 November 2005
Nil
30 October 2006
7,340
The percentage of the value of remuneration consisting of Rights, based on the value at grant date set out in column B.
Remuneration percentage refers to the AASB 2 Share-based payment values reported in the table in section (b) above and
does not correlate to the remuneration received by the executive in the period.
21.5%
Date Rights granted
13.0%
20.3%
Steven Perry
Further details are included in the Remuneration Report above.
12,690
1,122,908
10,344
All Rights expire on the earlier of their expiry date, their exercise, their failure to meet exercise conditions or termination of the
employee’s employment. In addition, the ability to exercise the Rights is conditional on the Group achieving certain performance
hurdles related to relative total shareholder return to the ASX Small Cap Industrial index.
23 October 2012
23 October 2012
Nil
61,369
The value at exercise date of Rights that were granted as part of remuneration and were exercised during the year.
Nil
543,929
Brian Hodges
Name
3,353
30 October 2006
Nil
0.00
Nil
20.8%
36,521
Andrew Allen
Enda Sheridan
Nil
The following ordinary shares of Bradken Limited were bought on market during the year ended 30 June 2013 on exercise of
Rights granted under the Performance Rights Plan. No further shares have been bought since that date.
Nil
A
Remuneration
consisting of
Rights
Page 24
Bradken Limited