16 Icon Energy Annual Report 2024 9. DIRECTORS’ AND SENIOR MANAGEMENTS’ INTERESTS As at 30 June 2024, the interests of the Directors and senior management or entities associated with them in shares and options of Icon Energy Limited are: Shareholdings The movement during the year in the number of ordinary shares in Icon Energy Limited held directly, indirectly or beneficially, by each KMP, including their related parties, is as follows: Table 3: Directors' and Executive and Senior Manager' Interests Balance 1.07.2023 Employee Performance Rights Plan Purchases Options Exercised Sold Other changes Balance 30.06.2024 2024 Number Number Number Number Number Number Number Directors Stephen Barry* 2,480,389 – – – – (2,480,389) – Raymond James* 50,462,657 - - - - - 50,462,657 Jeffrey Marvin - - - - - - - Peter Wilson - - - - - - - 52,943,046 - - - - (2,480,389) 50,462,657 * These KMP’s shareholdings include indirect shareholdings held by their spouse and/or related corporations. Balance 1.07.2022 Employee Performance Rights Plan Purchases Options Exercised Sold Other changes Balance 30.06.2023 2023 Number Number Number Number Number Number Number Directors Stephen Barry* 2,480,389 - - - - - 2,480,389 Keith Hilless 139,840 - - - - (139,840) - Raymond James* 37,846,993 - - 12,615,664 - - 50,462,657 Jeffrey Marvin - - - - - - - Other Key Management Personnel Natalia Fraser 359,661 - - - - (359,661) - 40,826,883 - - 12,615,664 - (499,501) 52,943,046 * These KMP’s shareholdings include indirect shareholdings held by their spouse and/or related corporations. Transactions with Directors and Director Related Entities During the year ended 30 June 2024, the Company has signed a month-to-month lease agreement for its office building with an entity in which Mr Raymond James has a controlling interest. The lease commenced on 8 December 2023. The terms of the lease are more favourable to the Group compared to what would be available from unrelated third parties. During the year ended 30 June 2023, Mr Raymond James, a Director of the Company, signed a loan agreement for the amount of $520,000 to the Company on an interest-free unsecured loan for 2.5 years expiring 13 September 2025. Directors' Report for the year ended 30 June 2024
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