2011 Annual Report (3 April 2012) - Grange Resources
2011 Annual Report (3 April 2012) - Grange Resources
2011 Annual Report (3 April 2012) - Grange Resources
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GRANGE RESOURCES LIMITED<br />
78<br />
Notes to the Financial Statements (cont.)<br />
NOTE 32. KEY MANAGEMENT PERSONNEL (cont.)<br />
(ii)<br />
Option holdings<br />
The number of options over ordinary shares in the Company held during the period by each Director of <strong>Grange</strong> <strong>Resources</strong> Limited and<br />
other key management personnel of the Group, including their personally related parties, are set out below:<br />
31 December <strong>2011</strong><br />
Other Balance<br />
Balance Granted as Options changes 31 December Vested and<br />
1 January <strong>2011</strong> remuneration exercised (net) <strong>2011</strong> exercisable Unvested<br />
Directors of<br />
<strong>Grange</strong> <strong>Resources</strong> Limited<br />
R Clark 4,500,000 - - - 4,500,000 4,500,000 -<br />
Other Key<br />
Management Personnel<br />
W Bould 450,000 - - - 450,000 450,000 -<br />
31 December 2010<br />
Other Balance<br />
Balance Granted as Options changes 31 December Vested and<br />
1 July 2010 remuneration exercised (net) 2010 exercisable Unvested<br />
Directors of<br />
<strong>Grange</strong> <strong>Resources</strong> Limited<br />
R Clark 4,500,000 - - - 4,500,000 4,500,000 -<br />
Other Key<br />
Management Personnel<br />
W Bould 450,000 - - - 450,000 450,000 -<br />
(iii) Rights to <strong>Grange</strong> Shares<br />
The number of rights in shares in the Company offered to each Director of <strong>Grange</strong> <strong>Resources</strong> Limited and other key management<br />
personnel of the Group including their personally related parties, are set out below:<br />
31 December <strong>2011</strong><br />
Shares issued Balance<br />
Balance Granted as on vesting 31 December<br />
1 January <strong>2011</strong> remuneration of rights <strong>2011</strong> Vested Unvested<br />
Directors of <strong>Grange</strong> <strong>Resources</strong> Limited<br />
R Clark 1,067,650 334,179 (823,159) 578,670 - 578,670<br />
Other Key Management Personnel<br />
W Bould 456,192 168,603 (360,329) 264,466 - 264,466<br />
D Corr 44,239 24,769 (37,748) 31,260 - 31,260<br />
31 December 2010<br />
Shares issued Balance<br />
Balance Granted as on vesting 31 December<br />
1 January 2010 remuneration of rights 2010 Vested Unvested<br />
Directors of <strong>Grange</strong> <strong>Resources</strong> Limited<br />
R Clark - 1,067,650 - 1,067,650 355,883 711,767<br />
Other key management personnel of group<br />
W Bould - 456,192 - 456,192 152,064 304,128<br />
D Corr - 44,239 - 44,239 14,746 29,493<br />
R Carpenter (1) - 53,212 - 53,212 17,737 35,475<br />
(1) R Carpenter ceased to be classified as key management personnel of the Group on 1 January <strong>2011</strong>.<br />
Overview Review Of Operations Corporate Governance
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