Genetic Signatures

55 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 JUNE 2021 36 Note 17: Related party transactions Related parties (a) The company's main related parties are as follows: Key management personnel: Any persons having authority and responsibility for planning, directing and controlling the activities of the entity, directly or indirectly, including any director (whether executive or otherwise) of that entity, are considered key management personnel. Key Management personnel include: Nickolaos Samaras – Director John R Melki – Director and Chief Executive Officer Michael A Aicher – Director Anthony J Radford – Director Neil Gunn – Director (appointed April 2021) Peter L Manley – Chief Financial Officer/Company Secretary For details of disclosures relating to key management personnel, refer to Note 19. (b) Transactions with related parties: There were no related party transactions during the year other than transactions with key management personnel as part of their remuneration. Note 18: Share-based payments Options were issued during the year, pursuant to the Equity Incentive Plan. Fair values at grant date are determined using a Black-Scholes Option Pricing Model that takes into account the exercise price, the term of the option, the share price at the grant date, the expected volatility of the underlying share, and risk free interest rate for the term of the option. The model inputs for options granted during the year ended 30 June 2021 are noted below: Grant date Expiry date Vesting period (mths) Exercise price Share price at issue date Fair value at issue date Est. volatility Expected dividend yield Average risk-free rate Sep 20 Sep 35 48 $2.30 $2.00 $1.77 82% - 0.97% Nov 20 Nov 35 48 $2.30 $1.75 $1.54 83% - 0.86% Feb 21 Feb 36 48 $1.88 $1.83 $1.83 83% - 0.86% Apr 21 Apr 36 48 $1.56 $1.44 $1.29 83% - 1.57% The company was admitted to the official list on ASX on 30 March 2015. Historical 12 month volatility has been the basis for determining expected share price volatility as it is assumed that this is indicative of future movements. Notes to the Financial Statements for the financial year ended 30 June 2021