Page 34 - Sun Resources Annual Report 2013

DIRECTORS’ REPORT
Shares under option
Unissued ordinary shares of the Company under option at 30 June 2013 are as follows:
Date options
granted Expiry date Exercise price
of options
Number under
option Vested
3 May 2013 3 May 2016 $0.076 15,000,000 -
3 May 2013 3 May 2016 $0.067 15,000,000 -
3 May 2013 3 May 2016 $0.057 15,000,000 15,000,000
12 September 2012 12 September 2015 $0.105 5,000,000 5,000,000
12 September 2012 31 March 2014 $0.025 20,000,000 20,000,000
12 September 2012 31 March 2014 $0.025 8,265,000 8,265,000
9 August 2012 8 August 2015 $0.094 1,000,000 1,000,000
18 May 2012 31 March 2014 $0.025 3,710,000 3,710,000
21 March 2012 31 March 2014 $0.025 38,025,000 38,025,000
16 November 2011 16 November 2014 $0.036 23,650,000 23,650,000
26 October 2011 31 March 2014 $0.025 27,300,000 27,300,000
6 January 2011 6 January 2014 $0.12 1,300,000 1,300,000
No option holder has any right under the options to participate in any other share issue of the Company or any other entity.
Date options
granted
Class E Performance Options
@ 0.1c milestone expiring
31 August 2016
Class F Performance Options
@ 0.1c milestone expiring
31 August 2016
21 March 2012 49,432,500 57,037,500
18 May 2012 4,823,000 5,565,000
12 September 2012 10,744,500 12,397,500
Indemnification of Officers
Insurance and indemnity arrangements established in the previous year concerning officers of the Company were
retained during the year ended 30 June 2013. The Company has paid insurance premiums in respect of Directors’
and officers’ liability and legal expenses’ insurance contracts, for current and former Directors and officers, including
executive officers, Directors and secretaries of the Company. The terms of the insurance policy contract do not allow
disclosure of the premium. The insurance premiums relate to:
(i) costs and expenses incurred by the relevant officers in defending proceedings, whether civil or criminal and
whatever their outcome;
(ii) other liabilities that may arise from their position, with the exception of conduct involving a wilful breach of duty or
improper use of information or position to gain a personal advantage.
Meetings of the Company’s Directors
The number of meetings of the Company’s Board of Directors and each board committee held during the year ended
30 June 2013, and the numbers of meetings attended by each Director were:
Full meetings
of Directors
Meetings of committees
Audit Remuneration
A B A B A B
Dr W G Martinick 12 12 0 0 2 2
Dr G van Ek 3 3 1 1 ** **
Mr M A Battrick 12 12 4 4 ** **
Mr J D Kenny 11 12 0 0 0 0
Mr D Kestel 11 12 0 0 0 0
Dr P Linsley 12 12 4 4 2 2
A Number of meetings attended
B Number of meetings held during the time the Director held office or was a member of the committee during the year
** Not a member of the relevant committee
In addition, a total of 16 circular resolutions were resolved during the financial year ended 30 June 2013.
SUN RESOURCES ANNUAL REPORT 2013 32