XML 60 R39.htm IDEA: XBRL DOCUMENT
v3.25.1

Key management personnel disclosures | 12 Months Ended
--- | ---
Jun. 30, 2024
Disclosure of amounts incurred by entity for provision of key management personnel services provided by separate management entities [abstract] |
Key management personnel disclosures | Note 34. Key management personnel disclosures Details of Directors and key management personnel The following persons were Directors of IREN Limited at any time during the year, up to the date of this report:
Individual | Position | Date of Commencement | Date ceased to be KMP
Daniel Roberts | Executive Director, Co-Founder and Co-Chief Executive Officer | 6 November 2018 | -
William Roberts | Executive Director, Co-Founder and Co-Chief Executive Officer | 6 November 2018 | -
David Batholomew | Non-Executive Director | 24 September 2021 | -
Christopher Guzowski | Non-Executive Director | 19 December 2019 | -
Michael Alfred | Non-Executive Director | 21 October 2021 | -
Sunita Parasuraman | Non-Executive Director | 17 July 2023 | -
The following persons were considered to be KMP of IREN Limited at any time during the year:
Individual | Position | Date of Commencement | Date ceased to be KMP
David Shaw | Chief Operating Officer | 22 October 2021 | -
Belinda Nucifora | Chief Financial Officer | 16 May 2022 | -
Cesilia Kim | Chief Legal Officer | 1 January 2023 | -
Significant Transactions with key management personnel On or around 18 August 2021, the shareholders of the Company approved the issue of one B Class share each (for consideration of A$1.00 per B Class share) to entities controlled by Daniel Roberts and William Roberts, respectively. The B Class shares were formally issued on 7 October 2021. Each B Class share confers on the holder fifteen votes for each ordinary share in the Company held by the holder. In addition, a B Class share confers a right for the holder to nominate a director to put forward for election to the Board. Because of the increased voting power of the B Class shares, the holders of the B Class shares collectively could continue to control a significant percentage of the combined voting power of the Company's shares and therefore may be able to control all matters submitted to the Company’s shareholders for approval until the redemption of the B Class shares by the Company on the earlier of (i) when the holder ceases to be a director due to voluntary retirement; (ii) a transfer of B Class shares in breach of the Constitution; (iii) liquidation or winding up of the Company; or (iv) at any time which is 12 years after the Company’s ordinary shares are first listed on a recognized stock exchange. Aside from these governance rights, the B Class shares do not provide the holder with any economic rights (e.g. the B Class shares do not confer on its holder any right to receive dividends). The B Class shares are not transferable by the holder (except in limited circumstances to affiliates of the holder). Deed of access, insurance and indemnity The Group has entered into deeds of access, insurance and indemnity with each of our directors and certain of our officers. These deeds provide the directors and officers with contractual rights to indemnification and expense advancement and are governed by the laws of Victoria, Australia. Compensation The aggregate compensation made to Directors and other members of key management personnel of the Group is set out below:
| Consolidated |
| Year ended 30 June 2024 |  | Year ended 30 June 2023 |
| US$ |  | US$ |
Short-term employee benefits | 8,137,249 |  |  | 7,967,322 |  |
Post-employment benefits | 86,515 |  |  | 66,830 |  |
Share-based payments | 21,571,999 |  |  | 13,905,489 |  |
Total KMP compensation | 29,795,763 |  |  | 21,939,641 |  |
The following table summarizes the movement in options and RSUs outstanding issued to Directors and other members of KMP:
| Number of options/RSUs |  | Weighted average exercise price |  | Number of options/RSUs |  | Weighted average exercise price |
| 30 June 2024 |  | 30 June 2024 |  | 30 June 2023 |  | 30 June 2023 |
Outstanding as at 1 July | 10,008,224 |  | $ | 37.84 |  |  | 6,973,516 |  | $ | 53.16 |  |
Granted during the year | 2,564,809 |  | - |  | 3,070,379 |  | $ | 2.97 |  |
Forfeited during the year | - |  | - |  | (31,671) |  | $ | 36.45 |  |
Exercised during the year | (104,559) |  | - |  | (4,000) |  | - |
Outstanding at the end of the financial year | 12,468,474 |  | $ | 30.37 |  |  | 10,008,224 |  | $ | 37.84 |  |
Exercisable at the end of the financial year | 2,017,021 |  | $ | 3.92 |  |  | 2,017,021 |  | $ | 3.87 |  |

X
- References No definition available. + Details
Name: | ifrs-full_DisclosureOfAmountsIncurredByEntityForProvisionOfKeyManagementPersonnelServicesProvidedBySeparateManagementEntitiesAbstract
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of information about key management personnel. [Refer: Key management personnel of entity or parent [member]] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2024-01-01 -Paragraph 10 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2024-en-r&anchor=para_10_e&doctype=Standard -URIDate 2024-03-27 + Details
Name: | ifrs-full_DisclosureOfInformationAboutKeyManagementPersonnelExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-2022:textBlockItemType
Balance Type: | na
Period Type: | duration