Cue Energy Resources Limited Directors' report 30 June 2023 22 Option holding The number of options over ordinary shares in the company held during the financial year by each director and other members of key management personnel of the Consolidated Entity, including their personally related parties, is set out below: Balance at Expired/ Balance at the start of forfeited/ the end of the year Granted Exercised other the year Options over ordinary shares Matthew Boyall 5,219,383 1,714,612 - - 6,933,995 5,219,383 1,714,612 - - 6,933,995 This concludes the remuneration report, which has been audited. Shares under option Unissued ordinary shares of Cue Energy Resources Limited under option at the date of this report are as follows: Grant date Expiry date Vesting date Exercise price (cents) Number under option 29/07/2019 01/07/2023 01/07/2021 7.00 3,473,653 04/10/2019 01/07/2024 01/07/2022 9.00 3,523,014 16/07/2020 01/07/2025 01/07/2023 11.70 3,204,237 23/07/2021 23/07/2026 01/07/2024 7.80 4,005,799 30/08/2022 01/07/2027 01/07/2025 8.90 3,598,698 No person entitled to exercise the options had or has any right by virtue of the option to participate in any share issue of the company or of any other body corporate. Shares issued on the exercise of options There were no ordinary shares of Cue Energy Resources Limited issued on the exercise of options during the year ended 30 June 2023 and up to the date of this report. Directors' insurance and indemnification of Directors and auditors During the financial year, the company paid a premium in respect of a contract insuring the directors of the company, the company secretary, and all executive officers against a liability incurred as a director, company secretary or executive officer to the extent permitted by the Corporations Act 2001. In accordance with commercial practice, the insurance policy prohibits disclosure of the terms of the policy, including the nature of the liability insured against and the amount of the premium. The company has not otherwise, during or since the end of the financial year indemnified or agreed to indemnify the auditor of the company or any related body corporate against a liability incurred as an officer or auditor. Proceedings on behalf of the company No person has applied to the Court under section 237 of the Corporations Act 2001 for leave to bring proceedings on behalf of the company, or to intervene in any proceedings to which the company is a party for the purpose of taking responsibility on behalf of the company for all or part of those proceedings. Non-audit services Details of the amounts paid or payable to the auditor for non-audit services provided during the financial year by the auditor are outlined in note 17 to the financial statements. The Company may decide to employ the auditor on assignments additional to its statutory audit duties where the auditor’s expertise and experience with the Company are important. 44 Cue Energy Resources Limited Annual Report 2023
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