AUB Group Limited Annual Report 2023

DIRECTORS’ REPORT YEAR ENDED 30 JUNE 2023

SECTION 6 STATUTORY REMUNERATION TABLES AND DATA

Table 8: PSR/SARs movements for the period The LTI grants for FY23 and movements in all unvested PSRs previously granted to Senior Employees are summarised in the LTIP tables below:

GROUP EXECUTIVES (including KMPs)

Fair value

Fair value to be expensed in the future ($)

per PSR at grant date ($)

LTIP Financial Year (tranche)

Earliest vesting date Lapse date

Opening Granted Lapsed Exercised Remaining

2019 (14 th )

4,873

(3,674)

(1,199)

31-Oct-21 31-Oct-25

10.72

2020 (15 th -5 year PSRs) 2020 (15 th -3 year PSRs)

200,000

200,000 31-Aug-24 31-Aug-28 8.91 335,104

101,219

– (101,219)

– 31-Aug-22 31-Aug-26

9.37

2021 (16 th )

164,436

164,436 31-Aug-23

31-Aug-27 11.27

2022 (17 th )

144,879

144,879

31-Aug-24 31-Aug-28 18.02

788,720

2022 (DSTI)

39,169

39,169 31-Aug-23 31-Aug-24 19.02

2023 (18 th )

– 150,146

150,146 31-Aug-25 31-Aug-29 20.04

1,790,041

Total

615,407 189,315

(3,674) (102,418)

698,630

2,913,865

Total Share Appreciation Rights

1,016,776

1,016,776

31-Aug-26 31-Aug-26

3.79

1,965,326

Shares issued as a result of the exercise of PSRs During FY23, 101,219 PSRs were exercised and converted to shares in AUB Group Limited under the 2020 LTIP and 1,199 PSRs were exercised under the 2019 LTIP. The remaining 3,674 unvested 2019 LTIP PSRs, lapsed. The hurdles and vesting conditions for 2019 and 2020 LTIP were detailed in the FY22 financial statements. All PSRs are granted over shares in the ultimate controlling entity AUB Group Limited. Unissued shares As at the date of this report, there were 698,630 unissued ordinary shares under PSRs as part of the LTIP that have not vested. Refer to Note 21 of the Financial Report for further details of the PSRs outstanding. Holders of PSRs do not have any right, by virtue of the option to participate in any share issue of the Company or any related body corporate.

AUB GROUP ANNUAL REPORT 2023

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