Cue Energy Resources Limited Directors' report 30 June 2024 25 2024 2023 2022 2021 2020 $'000 $'000 $'000 $'000 $'000 Production revenue from continuing operations 49,659 51,605 44,439 22,449 23,916 Profit/(loss) before income tax expense from continuing operations 25,322 19,881 21,756 (7,442) 5,099 Profit/(loss) after income tax expense 14,189 15,211 16,068 (12,743) 1,313 Total KMP remuneration settled by the Consolidated Entity 1,121 821 741 659 690 2024 2023 2022 2021 2020 Share price at start of year (cents) 5.60 6.50 6.00 9.50 8.30 Share price at end of year (cents) 10.50 5.60 6.50 6.00 9.50 Basic earnings/(loss) per share (cents) 2.03 2.18 2.30 (1.83) 0.19 Diluted earnings/(loss) per share (cents) 2.03 2.18 2.30 (1.83) 0.19 Dividend ($'000) 13,967 - - - - The Company remuneration policy also seeks to reward staff members on achieving non-financial key performance indicators, including safety and operational performance. Additional disclosures relating to key management personnel Shareholding The number of shares in the company held during the financial year by each director and other members of key management personnel of the Consolidated Entity, including their personally related parties, is set out below: Balance at Balance at the start of Disposals/ the end of the year Additions other the year Ordinary shares* Non-Executive Directors - - - - Andrew Jefferies 8,000 - - 8,000 Peter Hood 80,000 - - 80,000 Richard Malcolm 300,000 - - 300,000 Other Key Management Personnel - - - - Matthew Boyall** 200,000 164,208 - 364,208 588,000 164,208 - 752,208 * Alastair McGregor, Rod Ritchie, Samuel Kellner and Marco Argentieri do not hold any fully paid ordinary shares. NZOG Offshore Limited (a related entity to Alastair McGregor, Andrew Jefferies, Rod Richie, Samuel Kellner and Marco Argentieri) holds 349,368,803 fully paid ordinary shares in the Company. ** In March 2024, 1,399,595 options with an expiry date of 1 July 2024 and an exercise price of $0.09 (9 cents) per fully paid ordinary share were exercised on a cashless basis during the period, as a result of which 164,208 fully paid ordinary shares were issued. Option holding The number of options over ordinary shares in the company held during the financial year by each director and other members of key management personnel of the Consolidated Entity, including their personally related parties, is set out below: Balance at Expired/ Balance at the start of forfeited/ the end of the year Granted Exercised other the year Options over ordinary shares Matthew Boyall 6,933,995 2,129,386 (1,399,595) (1,288,338) 6,375,448 6,933,995 2,129,386 (1,399,595) (1,288,338) 6,375,448 This concludes the remuneration report, which has been audited. 39 Cue Energy Resources Limited Annual Report 2024
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