Page 80 - Paladin_Annual_Report_2010

paladinenergy ltd annual report2010

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Remuneration report ( audited )

Shares Rights awarded and vested during the year ended 30 June 2010 (Consolidated and Company) are set out below

30 June 2010 Awarded No. Award date

Fair value per right at

award date Vesting date Vested No. %

Directors

John Borshoff 300,000 26 March 2010 3.60 26 March 2013 - -

Executives

Ms Gillian Swaby 180,000 26 March 2010 3.28 1 Sept 2010 to 1 Sept 2012 - - Mr Garry Korte 90,000 26 March 2010 3.28 1 Sept 2010 to 1 Sept 2012 - - Mr Wyatt Buck 160,000 26 March 2010 3.28 1 Sept 2010 to 1 Sept 2012 - - Mr Dustin Garrow 200,000 26 March 2010 3.28 1 Sept 2010 to 1 Sept 2012 - - Mr Simon Solomons 120,000 26 March 2010 3.28 1 Sept 2010 to 1 Sept 2012 - - Mr Justin Reid 80,000 26 March 2010 3.28 1 Sept 2010 to 1 Sept 2012 - - Mr Jim Morgan 160,000 26 March 2010 3.28 1 Sept 2010 to 1 Sept 2012 - -

Total 1,290,000 - -

No shares were issued on the exercise of options or vesting of Share Rights during the year ended 30 June 2010. No options or Share Rights lapsed during the year ended 30 June 2010.

End of audited Remuneration Report

Shares Under Option

Unissued ordinary shares of the Company under option at the date of this report are as follows:

Date options granted Exercisable Expiry date

Exercise price of options

Number under option

1 February 2007 1 February 2010 1 February 2012 8.77 2,694,270 29 January 2008 29 January 2011 29 January 2013 4.50 7,060,524 15 February 2008 15 February 2011 15 February 2013 5.37 300,000 18 April 2008 18 April 2011 18 April 2013 4.59 1,075,000 14 October 2008 14 October 2011 14 October 2013 2.54 750,000 11 December 2008 11 December 2011 11 December 2013 2.07 300,000 24 June 2009 24 June 2012 24 June 2014 4.48 500,000

Total 12,679,794

Since the end of the fnancial year, 88,961 options were cancelled due to the cessation of employment.

No option holder has any right under the options to participate in any other share issue of the Company or of any other entity. The outstanding balance of Share Rights at the date of this report are as follows:

Date rights

granted Vesting date Vesting Performance Conditions Number

26 March 2010 26 March 2013 Relative total shareholder return 150,000 26 March 2010 26 March 2013 Earnings per share 150,000 26 March 2010 1 September 2011 Time based 688,370 26 March 2010 1 September 2012 Time based 1,143,950 26 March 2010 1 September 2012 Relative total shareholder return 915,160 26 March 2010 1 September 2012 Market price 1,372,740 1 July 2010 1 September 2012 Relative total shareholder return 100,000 1 July 2010 30 June 2013 Market price 150,000

Total 4,670,220