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Remuneration of Key Management Personnel
 12 Months Ended
Dec. 31, 2023
Remuneration of Key Management Personnel [Abstract]  
REMUNERATION OF KEY MANAGEMENT PERSONNEL

8. REMUNERATION OF KEY MANAGEMENT PERSONNEL

 

$’000  Year ended December 31, 
   2023   2022   2021 
Director  Directors’
fee		   Bonus   Salary   Share
based
payments		   Directors’
fee		   Bonus   Salary   Share
based
payments		   Directors’
fee		   Bonus   Salary   Share based payments 
G. Cerrone (1)   717    100    
-
    562    296    148    
-
    
-
    330    855    
-
    624 
Willy Simon   56              98    55    
 
    
 
    83    59         
 
    93 
J Brancaccio   56    
-
    
-
    98    55    
-
    
-
    83    59    
-
    
-
    93 
K. Shailubhai   
-
    
-
    
-
    
-
    
-
    
-
    379    (145)   
-
    210    600    492 
T Adams   
-
    
 
    
 
         
-
    
-
    
-
    (1,967)   
-
    
-
    413    2,197 
    829    

100

    
-
    758    406    148    379    (1,946)   448    1,065    1,013    3,499 

 

(1) Gabriele Cerrone’s 2021 bonus is the interest charged on his 2020 bonus due to delayed issuance of shares; his 2020 bonus includes a $13.2m realization bonus.

 

All bonuses are short term. No post-employment or termination payments were made.

 

The following share options were granted to directors in the following periods:

 

   Year ended December 31, 
   2023   2022   2021 
   Number of
options		   Number of
options		   Number of
options		 
             
W.Simon   75,000    
    -
    
-
 
J. Brancaccio   75,000    
-
    
-
 
T Adams   
-
    
-
    3,500,000 
    150,000         3,500,000 

 

Key management personnel of the Group are comprised of directors and officers of the Company.

 

No share options were exercised by directors during the years ended December 31, 2023,2022 and 2021.

 

The Company made payments totaling approximately $56K, $32K, and $24K to defined contribution pension schemes on behalf of directors and employees during 2023, 2022, and 2021, respectively.