GALAXY RESOURCES LIMITED
ANNUAL FINANCIAL REPORT DECEMBER 2011
9. KEY MANAGEMENT PERSONNEL DISCLOSURE (CONTINUED) Equity instrument disclosures relating to key management personnel (continued)
Name
Balance at the start of the year
Exercised during the year
Granted during the year
Balance as the end of the year
Vested during the year
Vested and exercisable at 31 Dec 2010
3,250,000
-
750,000
(2) Options Directors C L Readhead
1,250,000
R J Wanless
1,250,000
-
1,500,000
2,750,000
-
750,000
I KS Tan
6,000,000
(3,500,000)
8,000,000
10,500,000
-
1,000,000
-
-
1,000,000 1,000,000
1,000,000 1,000,000
-
-
C B F Whitfield A P Tse
-
2,000,000
KC Kwan
-
-
1,000,000
1,000,000
-
-
I J Polovineo
-
-
1,000,000
1,000,000
-
-
X Ren
-
-
1,000,000
1,000,000
-
-
Y Zheng
-
-
1,500,000
1,500,000
-
-
2,500,000 2,800,000
(1,300,000) -
1,000,000 1,000,000
2,200,000 3,800,000
-
450,000 2,050,000
Other Key Management Personnel J A Sobolewski T A Stark A M Sheth
2,800,000
(1,450,000)
1,000,000
2,350,000
-
600,000
P M Tornatora
1,900,000
(1,250,000)
500,000
1,150,000
-
250,000
D J Coutts
-
-
1,000,000
1,000,000
-
-
A L Meloncelli
-
-
2,000,000
2,000,000
-
-
18,500,000
(7,500,000)
24,500,000
35,500,000
-
5,850,000
Total options
10. CONTINGENT ASSETS AND LIABILITIES No contingent assets or liabilities have arisen during the year. 11. LOSS PER SHARE The calculation of basic loss per share for each year was based on the loss attributable to ordinary shareholders and using a weighted average number of ordinary shares outstanding during the year. Year ended December 31, 2011 Basic and diluted loss per share (cents) Loss attributable to the ordinary shareholders of the Company Weighted average number of shares Issued ordinary shares at beginning of the year Effect of share options exercised Effect of shares issued Weighted average number of ordinary shares outstanding in year
Year ended December 31, 2010
(47.12)
(16.62)
(131,921,415)
(29,583,330)
192,403,358
149,934,608
226,712
7,091,284
87,362,986
21,009,337
279,993,056
178,035,229
All potentially dilutive instruments comprising the Convertible Bonds and employee share options were antidilutive in 2011 and 2010.
Page | 72