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ICON ENERGY LIMITED
2015 Annual Report ABN 61 058 454 569
REMUNERATION REPORT – AUDITED
KEY POINTS
• No short-term incentives or long-term incentives were issued by Icon for the 2014-2015 financial year.
• Remuneration framework structured to reward executives for achievement of goals that add shareholder
value
• Short and long term incentives only vest on achievement of corporate and individual performance goals
• Long term incentives will not vest unless the share price at least doubles and share price growth performs
well when benchmarked against other energy companies
• Executive and employee salary increases for 2014-2015 restricted to CPI increases plus 1% to compensate
for loss of insurance benefits
The Directors of Icon Energy Limited present this Remuneration Report for the consolidated entity for the year ended 30
June 2015. The information provided in this report has been audited as required by the Corporations Act 2001 (Cth) and
forms part of the Directors’ Report. This Remuneration Report sets out remuneration information for Icon Energy’s Key
Management Personnel (KMPs) including the following persons who were non-executive directors and senior executives
during the financial year:
Table 1:
Icon Energy’s Key Management Personnel
Position Held
Chairman
Director
Director
Director
Managing Director
Executive Director, Chief Financial Officer &
Company Secretary
Company Secretary & Legal Counsel
Exploration Manager
Commercial Manager
Name
Non-Executive Directors
Stephen Barry
Keith Hilless
Howard Lu
Derek Murphy
Executive & Senior Managers
Ray James
Kevin Jih (i)
Ross Mallett (ii)
Martin Berry
Richard Holliday (iii)
(i) Appointed as Company Secretary on 13 May 2015
(ii) Terminated (Redundant) 13 May 2015
(iii) Terminated (Redundant) 1 May 2015
