5 annual vesting periods of their LTI's unless all their options...

5 annual vesting periods of their LTI's unless all their options have vested.

This an extension of the previous requirements for directors:
Director shareholdings in the Company
In order to align the interests of directors more closely with those of all shareholders, the Company requires each director to purchase
(in his or her own name, family trust or company) shares in the Company equivalent in value (at the time of purchase) to at least one
year’s pre-tax remuneration, to be held for the duration of his or her tenure on the Board. Each director has three years from the date
of his or her appointment, to achieve this position. As at 30 June 2018, all directors had shareholdings in the Company meeting or
exceeding this requirement.

The policy which now extends to the following:
With effect from 1 October 2019, we introduced a Minimum Shareholding Requirement (MSR) Policy to apply to
the Managing Director & Chief Executive Officer and all of her direct reports (collectively, Executives). From time
to time we may also identify additional employees to whom the MSR Policy will also apply.

And the following time lines apply:
Executives are expected to achieve the MSR by the end of five annual vesting periods for LTI grants, unless they
have been the beneficiaries of earlier option plans. In the event that an Executive has been with the Company for
three or more years and participated in these earlier option plans, the Executive will comply, and be expected to
continue to comply, with the MSR once 100% of these options have vested.