Page 80 - Bauxite Resources Annual Report 2014

78 | Bauxite Resources Annual Report 2014
NOTES TO THE FINANCIAL STATEMENTS
Notes to the Financial Statements cont.
Annual Report 2014 Bauxite Resources 78
Consolidated Group
Description Grant date Expiry date Number of
performance rights
Weighted average
value cents
2013
Sam Middlemas Class A 1 25 March 2013 31 December 2013 1,000,000 -
Rights to be issued if the Company’s market capitalisation trades above $50M for 30 consecutive days prior to 31 December 2013.
Sam Middlemas Class B 25 March 2013 31 December 2014 500,000 -
Rights to be issued if the Company’s market capitalisation trades above $72.5M for 60 consecutive days prior to 31 December 2014.
Note 1 – Performance rights expired in 2014.
Consolidated Group
2014 2013
No. No.
Performance rights awarded to directors, employees & contractors 7,090,000 1,500,000