The following information relates to the rights issued under the DAR Plan.
GRANT DATE
FAIR
VALUE AT
GRANT
DATE
RIGHTS
ON ISSUE AT
1 JULY
RIGHTS
GRANTED
DURING THE
YEAR
RIGHTS
EXERCISED
DURING THE
YEAR
RIGHTS
LAPSED
DURING THE
YEAR
NUMBER OF RIGHTS AT 30
JUNE
On issue Exercisable
2015
19/12/2006
$5.354
33,279
-
(8,625)
-
24,654
24,654
27/09/2007
$4.820
128,020
-
(39,200)
-
88,820
88,820
18/09/2008
$3.668
276,600
-
(74,700)
-
201,900
201,900
27/02/2009
$3.397
10,000
-
-
-
10,000
10,000
25/09/2009
$3.600
108,900
-
(33,500)
-
75,400
75,400
25/03/2010
$3.780
3,200
-
(3,200)
-
-
-
06/10/2010
$3.532
162,540
-
(54,320)
-
108,220
108,220
03/03/2011
$3.467
4,200
-
-
-
4,200
4,200
21/10/2011
$2.880
204,600
-
(87,850)
-
116,750
116,750
26/10/2012
$4.291
1,706,800
-
(1,516,150)
(6,100)
184,550
184,550
25/02/2013
*
$5.467
22,950
-
(18,950)
-
4,000
4,000
25/02/2013
*
$5.511
10,700
-
-
-
10,700
10,700
01/11/2013
*
$5.684
2,358,300
-
(1,102,000)
(10,700)
1,245,600
119,950
01/11/2013
*
$5.876
11,200
-
-
-
11,200
11,200
11/03/2014
$5.083
7,600
-
(3,800)
-
3,800
-
02/04/2014
$5.216
21,100
-
(10,550)
-
10,550
-
03/11/2014
*
$6.028
-
2,382,100
(70,100)
(24,400)
2,287,600
6,200
03/11/2014
*
$6.204
-
5,000
-
-
5,000
-
17/03/2015
$5.819
-
4,600
-
-
4,600
-
17/03/2015
$5.819
-
1,800
-
-
1,800
-
5,069,989 2,393,500 (3,022,945)
(41,200)
4,399,344
966,544
* Rights issued on the same grant date may have different fair values to reflect different vesting periods.
2014
19/12/2006
$5.354
51,465
-
(18,186)
-
33,279
33,279
27/09/2007
$4.820
213,790
-
(85,770)
-
128,020
128,020
18/09/2008
$3.668
472,820
-
(196,220)
-
276,600
276,600
27/02/2009
$3.397
10,000
-
-
-
10,000
10,000
25/09/2009
$3.600
238,280
-
(129,380)
-
108,900
108,900
25/03/2010
$3.780
6,100
-
(2,900)
-
3,200
3,200
06/10/2010
$3.532
698,340
-
(535,800)
-
162,540
162,540
03/03/2011
$3.467
9,600
-
(5,400)
-
4,200
4,200
21/10/2011
$2.880
1,560,200
-
(1,347,600)
(8,000)
204,600
204,600
17/02/2012
$2.740
17,800
-
(17,800)
-
-
-
26/10/2012
*
$4.291
3,171,500
-
(1,398,400)
(66,300)
1,706,800
241,450
26/10/2012
*
$4.360
13,400
-
(13,400)
-
-
-
25/02/2013
*
$5.467
41,100
-
(18,150)
-
22,950
5,600
25/02/2013
*
$5.511
10,700
-
-
-
10,700
10,700
01/11/2013
*
$5.684
-
2,431,600
(31,300)
(42,000)
2,358,300
-
01/11/2013
*
$5.876
-
11,200
-
-
11,200
-
11/03/2014
$5.083
-
7,600
-
-
7,600
-
02/04/2014
$5.216
-
21,100
-
-
21,100
-
6,515,095 2,471,500 (3,800,306)
(116,300)
5,069,989 1,189,089
* Rights issued on the same grant date may have different fair values to reflect different vesting periods.
The weighted average share price for rights exercised for the year ended 30 June 2015 was $6.08 (2014-$5.74).
The fair value of the rights is calculated as at the grant date using a Black-Scholes valuation model.
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