FINANCIAL REPORT NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS for the year ended 30 June 2024 92 Westgold Resources Limited Annual Report 2024 25. ISSUED CAPITAL 2024 2023 (a) Ordinary Shares Issued and fully paid 462,597,009 462,997,480 Number $ (b) Movements in ordinary shares on issue At 1 July 2022 473,622,730 463,468,148 Share issue costs, net of tax – (470,668) At 30 June 2023 473,622,730 462,997,480 Share issue costs, net of tax – (400,471) At 30 June 2024 473,622,730 462,597,009 (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) Performance Rights on issue Unissued ordinary shares of the Company under performance rights at the date of this report are as follows: Type Expiry Date Exercise Price Number of performance rights Unlisted - Tranche 5(i) 30/06/2024 Nil 1,161,058 Unlisted - Tranche 6(i) 30/06/2025 Nil 2,502,309 Unlisted - Tranche 7(i) 30/06/2026 Nil 6,206,935 Total 9,870,302 (i) Rights issued pursuant to the Westgold Resources Limited Employee Share Performance Rights Plan. (f) Performance Rights conversions No listed performance rights were exercised during the financial year (2023: 0). 2024 2023 (g) Capital management - gearing ratio Gearing ratio 7.89% 4.59% Debt(i) 54,609,452 27,490,818 Capital 691,801,106 598,339,298 (i) Debt represents lease liabilities and equipment loans.
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