v3.26.3
Share-Based Payments
6 Months Ended
Jun. 30, 2026
Share-Based Payments [Abstract]  
Share-based payments

29. Share-based payments

 

Refer to Note 34 to the Group’s audited consolidated financial statements for the year ended December 31, 2025. It describes the terms of the share-based payment arrangements.

 

The total share-based payment expense is as follows:

 

    June 30,
2026
    June 30,
2025
 
             
Performance Stock Units (PSUs)     40       -  
Equity-settled Restricted Stock Units (RSUs)     366       -  
Compound RSUs     96       -  
Termination benefits     691       -  
Total     1,193       -  

  

Restricted Stock Units and Performance Stock Units

 

Certain executive and non-executive directors within the Group were granted RSUs and PSUs pursuant to provisions of the Namib Minerals Equity Plan.

 

29.1 Performance Stock Units

 

No PSUs were issued during the six months ended June 30, 2026.

 

29.2 Restricted Stock Units

 

No RSUs were issued during the six months ended June 30, 2026.

 

This table summarizes additional information for the PSUs, equity-settled RSUs and the compound RSUs:

 

June 30, 2026   $   PSUs       Equity-settled RSUs       Compound RSUs  
Vesting Period       2 years       6 months       2 years  
Maximum term of options       2 years       6 months       2 years  
Method of settlement       Equity       Equity       Choice of equity or
cashless basis
(investment in an
approved investment fund)
 
Classification       Equity-settled       Equity-settled       Compound:
equity-settled and
cash-settled
 
Reconciliation:                          
Outstanding at beginning of the period       323,777       124,617       323,777  
Granted during the period       —       —       —  
Forfeited during the period       —       —       —  
Exercised during the period       —       (124,617 )     (174,336 )
Outstanding at end of the period       323,777       —       149,441  
                           
Weighted average exercise price       —       —       —  
Weighted average remaining contractual life       17 months       —       11 months