Icon Energy Limited Annual Report 2022

27 SHARES UNDER OPTION On 12 January 2022, a total of 97,150,302 listed Bonus options were issued as per the Rights Issue Offer at the exercise price of $0.05 per option and an expiry date of 12 September 2022. (2021: Nil). 12,750 listed options were progressively exercised during the year and 13,243,677 listed options were exercised after the 30 June 2022 but before the expiry date of 12 September 2022. Option conversion raised a total of $662,821.35. The Company has no options or other convertible securities on issue at the date of this report DIVIDENDS The Directors recommend that no dividend be paid by the Company. No dividends have been declared or paid by the Company since the end of the previous financial year (30 June 2021). REMUNERATION REPORT The Remuneration Report for the financial period which forms part of the Director’s Report can be found on page 26 of this Annual Report. COMPANY SECRETARY During the year ended 30 June 2022, Natalia Fraser was the company secretary. Her details of qualifications and experience are set out in the Board of Directors section of this Annual Report. As announced to the Australian Stock Exchange, Natalia resigned her position effective 27th September 2022 for health reasons. Icon’s Board wishes to acknowledge and thank Natalia for her assistance over nearly 15 years with the company. We wish her well for her future. MEETINGS OF DIRECTORS During the financial period, fifteen meetings of Directors and ten committee meetings were held. Attendances at these meetings by each Director were as follows: Directors Meetings Audit and Risk Management Committee Meetings Remuneration Nominations and Succession Committee Meetings Held Attended Held Attended Held Attended R S James 15 15 - - - - S M Barry 15 15 6 6 4 4 K Hilless 15 14 6 6 4 4 Icon Energy Annual Report 2022 23