Westgold Resources Limited Annual Report 2021

38 Westgold Resources Limited Annual Report 2021 for the year ended 30 June 2021 FINANCIAL REPORT REMUNERATION REPORT (AUDITED) How is performance measured? Relative Total Shareholder Return Performance Condition The Relative TSR Rights (25% of total Rights) are measured against a defined peer group of companies over the service period, which the Board considers compete with the Company for the same investment capital, both in Australia and overseas, and which by the nature of their business are influenced by commodity prices and other external factors similar to those that impact on the TSR performance of the Company. The vesting schedule for the Relative TSR measure is as follows: Absolute Total Shareholder Return Performance Condition The ATSR Rights (25% of total Rights) will vest subject to the performance of the Company’s TSR over the service period. The ATSR will be measured by comparing the 30 day VWAP at grant dated (30 June 2020) to the 30 day VWAP at vesting date (30 June 2023). The vesting schedule for the ATSR measure is as follows: Absolute Earnings Per Share Performance Condition The AEPS Rights (25% of total Rights) will vest subject to the annual growth rate of the Company’s EPS over the service period. The AEPS will be measured by comparing the EPS (excluding any non-recurring items) at the grant date (30 June 2020) to the EPS (excluding any non-recurring items) at vesting date (30 June 2023). The vesting schedule for the AEPS measure is as follows: