B2GOLD CORP
For the period ended Dec 31, 2023. Filed Mar 15, 2024.
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The yearly report of certain Canadian companies, filed under a joint US and Canadian system. It is the main yearly account these companies give US investors, largely as filed in Canada.
FY2023 · Filed Mar 15, 2024
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EX-99.2 · Restricted phantom unit plan
Restricted phantom unit plan
The Company has a Restricted Phantom Unit plan (the "RPU plan") for the benefit of the directors of the Company. Once vested, each restricted phantom unit is redeemable for the cash value of one common share. As the restricted phantom units ("RPUs") are cash settled, they are recorded as a liability at fair market value on the Consolidated Balance Sheet with changes in the fair value being recognized as a share-based payment expense or recovery in the Consolidated Statement of Operations.
For the year ended December 31, 2023, the Company issued 0.1 million (2022 -0.1 million) RPUs with a fair market value of $0.2 million (2022 - $0.2 million) to directors of the Company. As at December 31, 2022, there were 0.1 million RPUs outstanding (2022 -0.1 million). For the year ended December 31, 2022, share-based payments expense relating to RPUs was $0.3 million (2022 - $0.3 million).
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