13 FINANCIAL REPORT ALLUP SILICA Year Ending 30 June 2023 ALLUP SILICA LIMITED DIRECTORS’ REPORT Share Options and Performance Rights The following options over issued shares or interests in the Company were granted during the financial year: ■ On 29 November 2022, the Company has issued 3,000,000 performance rights in accordance with the ASX announcement. These performance rights were issued to key members of the Company, including 1,000,000 to Campbell Smyth, a Non-Executive Director of the Company. Refer to Note 14 for details. At the date of this Report, there were 5,000,000 options to acquire fully paid ordinary shares outstanding, exercisable at $0.25 per share and expiring on 2 November 2025 and 3,000,000 performance rights issued on 29 November 2022 and expiring on 29 November 2027. No shares were issued during or since the end of the year as a result of the exercise of an option over unissued shares or interests. Indemnifying Officers and Auditors The Company has indemnified the directors and executives of the Company for costs incurred in their capacity as a director or executive, for which they may be held personally liable, except where there is a lack of good faith. During the financial period, the Company paid a premium in respect of a contract to insure the directors and executives of the Company against a liability to the extent permitted by the Corporations Act 2001. The contract of insurance prohibits disclosure of the nature of the liability and the amount of the premium. The Company has not indemnified or agreed to indemnify the auditor of the Company against a liability incurred as the auditor. Proceedings on Behalf of Company No person has applied for leave of Court to bring proceedings on behalf of the Company or 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 any part of those proceedings. The Company was not a party to any such proceedings during the year ended 30 June 2023.
RkJQdWJsaXNoZXIy MjE2NDg3