Abacus Property Group – Annual Financial Report 2017
Abacus Property Group – Annual Financial Report 2017
Abacus Property Group – Annual Financial Report 2017
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ABACUS PROPERTY GROUP<br />
DIRECTORS’ REPORT<br />
30 June <strong>2017</strong><br />
REMUNERATION REPORT (audited) (continued)<br />
Table 12: Securities acquired on exercise of options<br />
Securities<br />
acquired<br />
Paid per<br />
security<br />
No. $<br />
F Wolf 269,845 2.84<br />
R Baulderstone 70,158 2.84<br />
C Laird 79,682 2.84<br />
P Strain 73,675 2.84<br />
E Varejes 77,411 2.84<br />
The number of securities acquired is based on the SARs that vested in the year and the distributions that would<br />
have been paid on that number of securities from the grant date to the allocation date.<br />
Table 13: Movements in SARs holdings of key management personnel during the year<br />
Balance Granted as SARs Balance Vested<br />
1 July 2016 remuneration exercised 30 June <strong>2017</strong> 30 June <strong>2017</strong><br />
Director<br />
F Wolf 588,680 230,260 (235,316) 583,624 -<br />
Executives<br />
R Baulderstone 146,574 57,564 (60,858) 143,280 -<br />
C Laird 172,385 65,788 (69,400) 168,773 -<br />
P Strain 159,898 57,564 (64,189) 153,273 -<br />
E Varejes 153,601 46,052 (66,746) 132,907<br />
Total 1,221,138 457,228 (496,509) 1,181,857 -<br />
Table 14: Securityholdings of key management personnel<br />
Balance Vesting of Purchases/ Balance<br />
1 July 2016 SARs (sales) 30 June <strong>2017</strong><br />
DirecPors<br />
J Thame 84,590 - - 84,590<br />
F Wolf 3,336,537 269,845 - 3,606,382<br />
W Bartlett 33,125 - - 33,125<br />
a Irving 49,370 - 2,973 52,343<br />
ExecuPives<br />
R Baulderstone 121,044 70,158 - 191,202<br />
F Iaird 119,832 79,682 (34,000) 165,514<br />
P Strain 165,831 73,675 15,498 255,004<br />
ToPal 3,910,329 493,360 (15,529) 4,388,160<br />
All equity transactions with key management personnel other than those arising from the vesting of the security<br />
acquisition rights have been entered into under terms and conditions no more favourable than those the <strong>Group</strong><br />
would have adopted if dealing at arm’s length.<br />
Loans to key management personnel<br />
There were no loans to key management personnel and their related parties at any time in <strong>2017</strong> or in the prior<br />
year.<br />
30