Westgold Resources Limited Annual Report 2020

34 Westgold Resources Limited Annual Report 2020 Financial Report Director’s Report for the year ended 30 June 2020 Unissued shares As at the date of this report, unissued ordinary shares under option relating to unlisted options are: Premium Exercise Price Options (PEPOs) / Zero Exercise Price Options (ZEPOs) Number of shares Exercise Price Expiry Date PEPOs - Directors and Employees 3,625,000 $2.31 24 November 2020 ZEPOs - Tranche 2 - Directors 230,307 Zero 30 June 2021 ZEPOs - Tranche 2 - Employees 568,250 Zero 30 June 2023 ZEPOs - Tranche 3 - Directors 153,810 Zero 30 June 2022 ZEPOs - Tranche 3 - Employees 530,331 Zero 30 June 2022 Total 5,107,698 Option holders do not have any right, by virtue of the option, to participate in any share issue of the Company or any related body corporate. Shares issued as a result of exercising options During the financial year 10,545,603 listed options were converted to acquire fully paid ordinary shares in the Company, refer to Note 26 for further details. INDEMNIFICATION AND INSURANCE OF DIRECTORS AND OFFICERS During the financial year, the Company paid a premium in respect of a contract of insurance to insure Directors and Officers of the Company and related bodies corporate against those liabilities for which insurance is permitted under section 199B of the Corporations Act 2001 . Disclosure of the nature of the liabilities and the amount of the premium is prohibited under the conditions of the contract of insurance. INDEMNIFICATION OF AUDITORS To the extent permitted by law, the Company has agreed to indemnify its auditors, Ernst & Young, as part of the terms of its audit engagement agreement against claims by third parties arising from the audit (for an unspecified amount). No payment has been made to indemnify Ernst & Young during or since the financial year.