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Whitehaven Coal Limited : Annual Report 2011
WhitehavenCoalLimited–AnnualReport2011 41 12. liKe ly DeVeloPMents The consolidated entity will continue with the operation and development of its coal projects. Further information about likely developments in the operations of the consolidated entity and the expected results of those operations in future financial years has not been included in this report because disclosure of this information would be likely to result in unreasonable prejudice to the consolidated entity. The Government released the draft Clean Energy Bill 2011 (the ‘Bill’ or the ‘Scheme’) which will have an impact on the Australian economy, and also on the Group. The Bill, which is not substantially enacted, is expected to be finalised in November 2011 with a commencement date of 1 July 2012. Management is currently reviewing its operations, expected financial impacts and opportunities, based on the information released, however this may change as the Bill is finalised. 13. shAre oPtions 13.1 options granted to directors and officers of the company During or since the end of the financial year, the Company granted options or agreed to grant options for no consideration over unissued ordinary shares in the Company to the following of the five most highly remunerated officers of the Company as part of their remuneration: Number of options granted Exercise price Expiry date officers Austen Perrin 150,000 $0.00 1 July 2012 to 1 July 2015 Timothy Burt 100,000 $0.00 1 July 2012 to 1 July 2015 Anthony Galligan 120,000 $0.00 1 July 2012 to 1 July 2015 These options do not entitle the holder to participate in any share issue of the Company or any other body corporate. 13.2 shares issued on exercise of options During the financial year, no Director-related entity nor executive of the Company exercised any options.
Annual Report 2010
Annual Report 2012