91 Westgold Resources Limited Annual Report 2022 29. SHARE-BASED PAYMENTS (CONTINUED) (d) Share options and performance rights (continued) – A Performance Rights holder does not have any right to participate in new issues of securities in the Company made to shareholders with respect to those Performance Rights. – The Board has the right to vary the entitlements of Participants to take account of the effect of capital reorganisations, bonus issues or rights issues. – No amount is payable by a holder of Performance Rights in respect of the shares allocated upon vesting of the Performance Rights. Summary of options and rights granted under the Employee Share and Option Plan 2022 Number 2022 WAEP 2021 Number 2021 WAEP Outstanding at the beginning of the year 2,213,898 0.00 5,107,698 1.64 Granted during the year 2,128,138 0.00 1,520,181 0.00 Exercised during the year (205,768) 0.00 (3,694,936) 2.29 Lapsed/forfeited during the year (1,677,196) 0.00 (719,045) 0.00 Outstanding at the year end 2,459,072 0.00 2,213,898 0.00 Exercisable at the year end – 0.00 – 0.00 The following table represents the outstanding balance as at 30 June 2022: Grant Date Vesting date Expiry date Exercise price Number of Options / Rights Options lapsed / forfeited Options /Rights Issued / (exercised) Number of Options / Rights at end of the year On issue Vested ZEPO - Tranche 2 10/05/2019 30/06/2021 30/06/2023 $0.00 205,768 – (205,768) – 205,768 ZEPO - Tranche 3 07/05/2020 30/06/2022 30/06/2022 $0.00 153,810 (153,810) – – – 07/05/2020 30/06/2022 30/06/2022 $0.00 367,820 (241,256) (126,564) – 126,564 Rights - Tranche 4 24/11/2020 30/06/2023 30/06/2023 $0.00 233,506 (233,506) – – - 24/11/2020 30/06/2023 30/06/2023 $0.00 1,252,994 (490,914) – 762,080 – Rights - Tranche 5 11/10/2021 30/06/2024 30/06/2024 $0.00 – – 202,435 202,435 – 11/10/2021 30/06/2024 30/06/2024 $0.00 – (557,710) 1,925,703 1,367,993 – Total 2,213,898 (1,677,196) 1,795,806 2,332,508 332,332 Weighted average remaining contractual life of share-based payments The weighted average remaining contractual life for the share-based payments outstanding as at 30 June 2022 is 1.68 years (2021: 1.76 years).
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