With the acquisition of St Barbara's Leonora assets set for completion on the
Total fixed remuneration (TFR) Annual fixed base remuneration adjusted to
Short-term incentive (STI) Eligible to participate in short-term incentive ('STI') awards of up to 100% of TFR. Payments of any STI award will be based on achievement of Board-approved targets (scorecard of safety, production, financial, and sustainability measures). The STI awards are effective from
Long-term incentive (LTI) Eligible to participate in 3-year long-term equity incentive ('LTI') awards of up to 150% of TFR. Payments of any LTI award will be based on achievement of Board-approved targets (scorecard of safety, financial and sustainability measures). The LTI awards are effective from
Retention Performance Rights (RPR)
Eligible to participate in long-dated, 'one-off' retention performance rights ('RPR') awards in two tranches as follows: 4-year FY27 RPR - 1,610,000 (200% of TFR) 5-year FY28 RPR - 1,610,000 (200% of TFR) Payments of any RPR award will be based on achievement of Board-approved targets (scorecard of growth-specific measures - 25% absolute total shareholder returns (TSR) / 25% relative TSR / 25% Reserve growth / 25% production growth). TSR measurements will be based off the placement issue price of
All other terms of
This announcement is approved for release by the Genesis Board of Directors.
Contact:
Tel: +61 8 6323 9050
Email: investorrelations@genesisminerals.com.au
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