Urbanise.com Annual Report 2019

Annual Report 2019 Urbanise.com Limited 29. Share-based payments (continued) Financial Year 2018 Grant Date Fair value of performance shares at grant date No. of performance shares granted Expiry date Share price at grant date Expected volatility of shares Expected dividend yield Risk-free interest rate 29/09/2017 $0.0078 1,684,375 30/06/2018 $0.05 80% 0% 1.95% 29/09/2017 $0.0069 1,684,375 30/06/2019 $0.05 80% 0% 1.95% 29/09/2017 $0.0078 1,312,486 30/06/2018 $0.05 80% 0% 1.95% 29/09/2017 $0.0069 1,312,504 30/06/2019 $0.05 80% 0% 1.95% 29/09/2017 $0.0078 1,312,510 30/06/2020 $0.05 80% 0% 1.95% 21/11/2017 $0.0062 1,867,500 30/06/2018 $0.04 80% 0% 1.77% 21/11/2017 $0.0056 1,867,500 30/06/2019 $0.04 80% 0% 1.77% 21/11/2017 $0.0078 1,833,332 30/06/2020 $0.04 80% 0% 1.77% 21/11/2017 $0.0078 1,833,334 30/06/2020 $0.04 80% 0% 1.77% 21/11/2017 $0.0078 1,833,334 30/06/2020 $0.04 80% 0% 1.77% (i) Expected volatility was determined based on historical volatility over the expected life of the shares. Share Options 2019 No. 2018 No. Opening balance 15,371,405 22,488,905 Options granted 1,146,552 550,000 Options expired/forfeited (9,282,500) (7,667,500) Closing balance 7,235,457 15,371,405 Financial Year 2019 Grant Date Expiry Date Exercise Price Balance at beginning of year Granted during year Exercised during year Expired/ forfeited during year Balance at end of year Balance vested at end of year 11/12/13 ii 31/12/18 $0.20 2,000,000 – – (2,000,000) – – 11/12/13 ii 31/12/18 $0.24 2,000,000 – – (2,000,000) – – 11/12/13 ii 31/12/18 $0.30 2,000,000 – – (2,000,000) – – 6/06/14 iii 6/06/19 $0.20 3,000,000 – – (3,000,000) – – 4/08/14 4/08/19 $0.20 400,000 – – – 400,000 400,000 7/08/14 31/08/19 $0.19 5,426,405 – – – 5,426,405 5,426,405 10/12/14 17/12/19 $0.65 100,000 – – – 100,000 100,000 1/05/15 ii 31/12/18 $1.00 200,000 – – (200,000) – – 15/12/15 iii 15/12/20 $0.69 145,000 – – (82,500) 62,500 62,500 29/04/16 28/04/21 $0.40 100,000 – – 100,000 100,000 4/9/18 i 31/12/20 $0.001 – 1,146,552 – – 1,146,552 1,146,552 Total 15,371,405 1,146,552 – (9,282,500) 7,235,457 7,235,457 i. On 4 September 2018, 1,146,552 share options were granted to Henry Arundel as a termination settlement with exercise prices of $0.001 vesting on 4 September 2020 and expiring on 31 December 2020. ii. 6,200,000 share options expired during the year. iii. 3,082,500 share options were forfeited during the year following employee departures. iv. No share options were exercisable at 30 June 2019. Notes to the Consolidated Financial Statements for the year ended 30 June 2019 (continued) 78