Icon Energy Annual Report 2024 33 ICON ENERGY LIMITED AND ITS CONTROLLED ENTITIES FOR THE YEAR ENDED 30 JUNE 2024 $ $ 768,013,667 104,116,869 754,769,990 103,458,324 - - 13,243,677 662,184 - - - (3,639) 768,013,667 104,116,869 768,013,667 104,116,869 b. Options Number of options $ Number of options $ - - 97,137,552 4,856,878 - - (13,243,677) (662,184) - - (83,893,875) (4,194,694) - - - - NOTE 11 - SHARE BASED PAYMENTS 30 June 2024 30 June 2023 $ $ (a) (1,156,056) (5,537,787) (1,156,056) (5,537,787) (1,156,056) (5,537,787) (b) 768,013,667 765,509,128 - - 768,013,667 765,509,128 (0.15) (0.72) Weighted average number of ordinary shares outstanding during the year used in the calculation of basic EPS. Earnings used in the calculation of basic EPS Balance at beginning of the year Shares issued during the period Balance at the end of the year 30 June 2024 30 June 2023 Number of shares Number of shares Reconciliation of Earnings to Net Loss: In September 2022, a total of 13,243,677 listed options were exercised rasing a total of $662,184. During the year ended 30 June 2024 no options were issued (30 June 2023: Nil). The Consolidated Entity has no options on issue at the end of 30 June 2024. Balance at beginning of the year CONSOLIDATED ENTITY There were no share based payment during the year ended 30 June 2024 and 30 June 2023. NOTE 10 - ISSUED CAPITAL (Continued) Adjustment for calculation of diluted earnings per share Net Loss for the year Basic and diluted loss per share (cents per share) NOTE 12 - EARNINGS PER SHARE Weighted average number of ordinary shares outstanding during the year used in the calculation of diluted EPS. Earnings used in the calculation of diluted EPS NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Less: Share issue costs The holders of ordinary shares are entitled to receive dividends as declared and are entitled to one vote per share at shareholders’ meetings. The Consolidated Entity did not pay a dividend during the year ended 30 June 2024, nor has any dividend been proposed up to the reporting date (30 June 2023: nil). In the event of winding up the Company, all shareholders participate in the proceeds from the sale of all surplus assets in proportion to the number of and amounts paid up on shares held. 30 June 2024 30 June 2023 Exercise of listed options - September 2022 Expiry of listed options - September 2022
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