14 Share-based payments a. Share-based payments There were no share-based payment shares or options issued to Directors during 2022 (2021: Nil). b. Movement in share-based payment arrangements during the year A summary of the movements of all company options issued as share-based payments is as follows: 2022 2021 Number of options Weighted Average Exercise Price Number of options Weighted Average Exercise Price Outstanding at the beginning of the year 14,293,262 $0.331 14,293,262 $0.331 Granted – – – – Exercised – – – – Expired – – – – Outstanding at year end 14,293,262 $0.331 14,293,262 $0.331 Exercisable at year end 14,293,262 $0.331 14,293,262 $0.331 Reconciliation to total Company Options Movement in non share-based payment options outstanding at the end of the year 1,954,166 5,673,214 Non share-based payment options exercised or expired (1,954,166) (3,719,048) Total Company options on issue 14,293,262 16,247,428 i. No share-based payment options were exercised during the year. ii. The weighted average remaining contractual life of share-based payment options outstanding at year end was 1.15 years. The weighted average exercise price of outstanding shares at the end of the reporting period was $0.331. iii. The fair value of the options granted to directors and employees is deemed to represent the value of the employee services received over the vesting period. Notes to the Consolidated Financial Statements for the year ended 31 December 2022 Annual Report 2022 67
RkJQdWJsaXNoZXIy MjE2NDg3