for the year ended 30 June 2022 FINANCIAL REPORT NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 88 Westgold Resources Limited Annual Report 2022 26. ISSUED CAPITAL 2022 2021 (a) Ordinary Shares Issued and fully paid 463,468,148 364,077,523 Number $ (b) Movements in ordinary shares on issue At 1 July 2020 420,230,270 356,130,055 Issued share capital on conversion of listed options 3,694,936 8,373,750 Share issue costs, net of tax – (426,282) At 30 June 2021 423,925,206 364,077,523 Issued share capital on conversion of listed options 332,332 – Issued share capital under dividend reinvestment plan 1,365,192 2,157,835 Issued share capital 48,000,000 100,800,000 Share issue costs, net of tax – (3,567,210) At 30 June 2022 473,622,730 463,468,148 (c) Terms and conditions of contributed equity Holders of ordinary shares are entitled to receive dividends as declared from time to time and are entitled to one vote per share at shareholder meetings. In the event of winding up the Company the holders are entitled to participate in the proceeds from the sale of all surplus assets in proportion to the number of and amounts paid up on shares held. Effective 1 July 1998, the Corporations legislation in place abolished the concepts of authorised capital and par share values. Accordingly, the Parent does not have authorised capital nor par value in respect of its issued shares. (d) Escrow restrictions There are no current escrow restrictions on the issued capital of the Company. (e) Options on issue Unissued ordinary shares of the Company under option at the date of this report are as follows: Type Expiry Date Exercise Price Number of options Unlisted - Tranche 4(i) 30/06/2023 Nil 762,080 Unlisted - Tranche 5(i) 30/06/2024 Nil 202,435 Unlisted - Tranche 5(i) 30/06/2024 Nil 1,367,993 Total 2,332,508 (i) Rights issued pursuant to theWestgold Resources Limited Employee Share and Option Plan.
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