Ann: Appendix 4E & 2024 Annual Report, page-22

Please see below from Page 30 particularly the green



Then have a look at the below from Page 16 , 32730721 (32.7 million) in rights and options.

Is this why salaries arent moving the needle it is all going through share based expense, from the webinar the salaries weren't moving because of icreased digitral use

13730721 (13.7 million) have an exercise price of zero so little incentive to get better. Victor was due for his payment yesterday for staff retention LOL.

For me arms lengths would have a bit more rigour than the below. And then look on the 5 June issued 19 million options.


I did some rough calculations below on these rights/options (correct me if i am wrong) but could this have a overall cost to CCR of over 10 million and that doesnt include the rights/options that will be handed out in 24/25 and beyond and the kicker is that wont be included in the calculation of EBITA, I wll ask the question on the next webinar.

	Expiry date	Rights/Options	Exercise price	Share Price estimate	Cost to Credit clear
1	31/08/2024	2585366	0.00	0.3	$775,610
2	31/12/2024	2885360	0.00	0.3	$865,608
3	30/06/2025	3258171	0.00	0.3	$977,451
4	31/12/2025	2247566	0.00	0.4	$899,026
5	30/06/2026	2754258	0.00	0.5	$1,377,129
6	30/06/2027	1900000	0.31	0.6	$5,510,000
7
8		32730721			$10,404,825
9