Remuneration Report – Audited (continued) Year Ended 31 December 2021 Primary Postemployment Equity Compensation Proportion of remuneration performance related Value of options and rights as proportion of Director’s remuneration Directors Salary & Fees $ Consulting Fees $ Termination Payments $ Superannuation Benefits $ Options & Rights $ Total $ % % Executive Brian Rodan 210,000 - - 20,475 - 230,475 - - NonExecutive Paul Angus 40,000 316,640 - - - 356,640 - - Keith Murray 35,000 - - 3,413 - 38,413 - - Total - KMP 285,000 316,640 - 23,888 - 625,528 - - vi. Value of Options to Executives The value of options will only be realised if and when the market price of the Company’s shares, as quoted on the Australian Securities Exchange, rises above the Exercise Price of the options. Further details of the options are contained in the section ‘Options’ below. vii. Options and Rights Over Equity Instruments Granted as Compensation No options were issued to Directors of the Company during the financial year (2021: Nil). viii.Option Holdings The movement during the reporting period in the number of options over ordinary shares in Siren Gold Limited held, directly, indirectly or beneficially, by each key management person, including their related entities, is as follows: Key Management Personnel Held at beginning of year Granted Purchased Exercised Lapsed or Expired Held at end of year Vested and exercisable at end of year Brian Rodan 4,750,000 - - - - 4,750,000 4,750,000 Paul Angus 3,500,000 - - - - 3,500,000 3,500,000 Keith Murray 750,000 - - - - 750,000 750,000 ix. Equity Holdings and Transactions No shares were granted to key management personnel during the year as compensation (2021: Nil). The movement during the reporting period in the number of ordinary shares in Siren Gold Limited held directly, indirectly or beneficially, by each key management person, including their related entities is as follows: Key Management Personnel Held at beginning of year Purchases Sales Exercise of Options Held at end of year Brian Rodan 19,678,670 1,095,238 - - 20,773,908 Paul Angus 77,143 47,619 - - 124,762 Keith Murray 222,857 95,238 - - 318,095 Directors’ Report for the year ended 31 December 2022 Annual Report 2022 43
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