USD Revenue CAGR increase %

The FY22 performance metric for the performance rights is aligned to the Company’s US Dollar revenue compound annual growth rate (‘CAGR’) over the three years from 1 July 2021 to 30 June 2024.

The Company’s Total Shareholder Return performance compared to the relevant index

The FY21 performance metric for the performance rights is aligned to the Company’s Total Shareholder Return (‘TSR’) as compared to the ASX 300 Index over the three years from 1 July 2020 to 30 June 2023. The ASX 300 Index was selected as it represented the market performance of alternative companies that Audinate shareholders may invest in. In the event that the Company achieves a negative TSR that is better than the relevant index TSR the percentage of performance rights to vest is capped at 50%.