Investor Presentaiton
Armour Energy and controlled entities
armourenergy.com.au
Directors' report continued
for the year ended 30 June 2020
FUTURE LIKELY DEVELOPMENTS, PROSPECTS, AND BUSINESS
STRATEGIES
There are no further developments of which the Directors are aware of that is not detailed elsewhere in this report which the
Directors believe comment on, or disclosure of, would prejudice the interests of Armour.
OPTIONS ON ISSUE
At the date of this report, the unissued ordinary shares of Armour Energy Limited under option are as follows:
Grant date
29 March 2016
29 March 2016
29 March 2016
31 July 2018
01 October 2019
Date of expiry
29 March 2021
Number under option
Exercise price
$0.195
2,550,000
29 March 2021
$0.345
2,550,000
29 March 2021
$0.495
1,650,000
31 July 2021
$0.161
41,000,000
30 September 2023
$0.080
40,000,000
17 December 2019
30 September 2023
$0.080
8,000,000
29 February 2024
$0.050
31,166,497
29 February 2024
$0.050
7,018,341
29 February 2024
$0.050
9,424,831
29 February 2024
17 September 2020
29 February 2024
$0.050
$0.050
16,894,150
35,929,524
196,183,343
23 June 2020
30 June 2020
12 August 2020
24 August 2020
or personal use Poly
The following persons are considered Key Management Personnel for Armour:
DIRECTORS
Nicholas Mather - Executive Chairman
Roland Sleeman - Non-Executive Director
Stephen Bizzell - Non-Executive Director
Eytan Uliel Non-Executive Director
EXECUTIVES
Current Executives
Bradley Lingo - Chief Executive Officer (12 June 2020 to date)
Karl Schlobohm - Company Secretary
Michael Laurent - Chief Operating Officer (1 July 2020 to date) previously General Manager - Development (3 June 2019 to 30 June 2020)
Erin Clark Chief Financial Officer (acting) (7 August to date)
Previous Executives
Richard Aden - Chief Financial Officer (23 July 2018 to 7 August 2020)
Nathan Rayner - Chief Operating Officer (from 26 November 2018 to 19 July 2019)
Roger Cressey - Chief Executive Officer (21 November 2011 to 23 October 2019)
Richard Fenton - Interim Chief Executive Officer (21 October 2019 to 20 March 2020)
Bruce Clement Chief Executive
REMUNERATION REPORT (AUDITED)
The remuneration report details the key management personnel remuneration arrangements for Armour, in accordance with the
requirements of the Corporations Act 2001 and its Regulations. This information has been audited as required by section 308(3C) of
the Corporations Act 2001.
The remuneration report is set out under the following main headings:
Principles used to determine the nature and amount of remuneration
Details of remuneration
Service agreements
Share-based compensation
Group performance and link to remuneration
Other transactions with key management personnel
The remuneration report details the remuneration arrangements for Key Management Personnel ("KMP") who are defined as those
persons who have authority and responsibility for planning, directing and controlling the activities of Armour, directly or indirectly,
including any Director (whether executive or otherwise) of Armour, including the executive team.
Other than the above, there were no changes to KMP after the reporting date and before the date the financial report was
authorised for issue.
PRINCIPLES USED TO DETERMINE THE NATURE AND AMOUNT OF REMUNERATION
Armour's remuneration policy is designed to attract, motivate, and retain Executives and Non-Executive Directors by identifying
and rewarding high performers and recognising the contribution of each person to the continued growth and success of Armour.
The Board of Directors ('the Board') ensures that executive reward satisfies the following key criteria for good reward governance
practices:
competitiveness and reasonableness
acceptability to shareholders
alignment of executive compensation
transparency
The Remuneration Committee is responsible for providing recommendations to the Board of Directors on the remuneration
arrangements for its directors and executives. The performance of Armour depends on the quality of its directors and executives.
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