DIRECTORS’ STATEMENT
2015
ANNUAL
REPORT
46
dŚĞ ĚŝƌĞĐƚŽƌƐ ƉƌĞƐĞŶƚ ƚŚĞŝƌ ƐƚĂƚĞŵĞŶƚ ƚŽŐĞƚŚĞƌ ǁŝƚŚ ƚŚĞ ĂƵĚŝƚĞĚ ĐŽŶƐŽůŝĚĂƚĞĚ ĮŶĂŶĐŝĂů ƐƚĂƚĞŵĞŶƚƐ ŽĨ 'ĞŽ ŶĞƌŐLJ ZĞƐŽƵƌĐĞƐ
>ŝŵŝƚĞĚ ;ƚŚĞ ͞ ŽŵƉĂŶLJ͟Ϳ ĂŶĚ ŝƚƐ ƐƵďƐŝĚŝĂƌŝĞƐ ;ĐŽůůĞĐƟǀĞůLJ͕ ƚŚĞ ͞'ƌŽƵƉ͟Ϳ ĂŶĚ ƐƚĂƚĞŵĞŶƚ ŽĨ ĮŶĂŶĐŝĂů ƉŽƐŝƟŽŶ ĂŶĚ ƐƚĂƚĞŵĞŶƚ ŽĨ
ĐŚĂŶŐĞƐ ŝŶ ĞƋƵŝƚLJ ŽĨ ƚŚĞ ŽŵƉĂŶLJ ĨŽƌ ƚŚĞ ĮŶĂŶĐŝĂů LJĞĂƌ ĞŶĚĞĚ ϯϭ ĞĐĞŵďĞƌ ϮϬϭϱ͘
/Ŷ ƚŚĞ ŽƉŝŶŝŽŶ ŽĨ ƚŚĞ ĚŝƌĞĐƚŽƌƐ͕ ƚŚĞ ĐŽŶƐŽůŝĚĂƚĞĚ ĮŶĂŶĐŝĂů ƐƚĂƚĞŵĞŶƚƐ ŽĨ ƚŚĞ 'ƌŽƵƉ ĂŶĚ ƚŚĞ ƐƚĂƚĞŵĞŶƚ ŽĨ ĮŶĂŶĐŝĂů ƉŽƐŝƟŽŶ
ĂŶĚ ƐƚĂƚĞŵĞŶƚ ŽĨ ĐŚĂŶŐĞƐ ŝŶ ĞƋƵŝƚLJ ŽĨ ƚŚĞ ŽŵƉĂŶLJ ĂƐ ƐĞƚ ŽƵƚ ŽŶ ƉĂŐĞƐ ϱϮ ƚŽ ϭϭϭ ĂƌĞ ĚƌĂǁŶ ƵƉ ƐŽ ĂƐ ƚŽ ŐŝǀĞ Ă ƚƌƵĞ ĂŶĚ ĨĂŝƌ
ǀŝĞǁ ŽĨ ƚŚĞ ĮŶĂŶĐŝĂů ƉŽƐŝƟŽŶ ŽĨ ƚŚĞ 'ƌŽƵƉ ĂŶĚ ŽĨ ƚŚĞ ŽŵƉĂŶLJ ĂƐ Ăƚ ϯϭ ĞĐĞŵďĞƌ ϮϬϭϱ͕ ĂŶĚ ƚŚĞ ĮŶĂŶĐŝĂů ƉĞƌĨŽƌŵĂŶĐĞ͕
ĐŚĂŶŐĞƐ ŝŶ ĞƋƵŝƚLJ ĂŶĚ ĐĂƐŚ ŇŽǁƐ ŽĨ ƚŚĞ 'ƌŽƵƉ ĂŶĚ ĐŚĂŶŐĞƐ ŝŶ ĞƋƵŝƚLJ ŽĨ ƚŚĞ ŽŵƉĂŶLJ ĨŽƌ ƚŚĞ ĮŶĂŶĐŝĂů LJĞĂƌ ƚŚĞŶ ĞŶĚĞĚ ĂŶĚ
at the date of this statement, there are reasonable grounds to believe that the Company will be able to pay its debts when
they fall due.
1
DIRECTORS
dŚĞ ĚŝƌĞĐƚŽƌƐ ŽĨ ƚŚĞ ŽŵƉĂŶLJ ŝŶ ŽĸĐĞ Ăƚ ƚŚĞ ĚĂƚĞ ŽĨ ƚŚŝƐ ƌĞƉŽƌƚ ĂƌĞ͗
ŚĂƌůĞƐ ŶƚŽŶŶLJ DĞůĂƟ
ŚĂŵŵĂ ^ƵƌLJĂ
,ƵĂŶŐ ^ŚĞ dŚŽŶŐ
^ŽŚ ŚƵŶ ŝŶ
KŶŐ ĞŶŐ ŚLJĞ
>Ƶ <ŝŶŐ ^ĞŶŐ
Karyono
James Beeland Rogers Jr
dƵŶŐ <Ƶŵ ,ŽŶ
; ƉƉŽŝŶƚĞĚ ŽŶ ϭ ĞĐĞŵďĞƌ ϮϬϭϱͿ
2
ARRANGEMENTS TO ENABLE DIRECTORS TO ACQUIRE SHARES AND DEBENTURES
EĞŝƚŚĞƌ Ăƚ ƚŚĞ ĞŶĚ ŽĨ ŶŽƌ Ăƚ ĂŶLJ ƟŵĞ ĚƵƌŝŶŐ ƚŚĞ ĮŶĂŶĐŝĂů LJĞĂƌ ǁĂƐ ƚŚĞ ŽŵƉĂŶLJ Ă ƉĂƌƚLJ ƚŽ ĂŶLJ ĂƌƌĂŶŐĞŵĞŶƚ ǁŚŽƐĞ
ŽďũĞĐƚƐ ǁĞƌĞ͕ Žƌ ŽŶĞ ŽĨ ǁŚŽƐĞ ŽďũĞĐƚƐ ǁĂƐ͕ ƚŽ ĞŶĂďůĞ ƚŚĞ ĚŝƌĞĐƚŽƌƐ ŽĨ ƚŚĞ ŽŵƉĂŶLJ ƚŽ ĂĐƋƵŝƌĞ ďĞŶĞĮƚƐ ďLJ ŵĞĂŶƐ ŽĨ
ƚŚĞ ĂĐƋƵŝƐŝƟŽŶ ŽĨ ƐŚĂƌĞƐ ŝŶ͕ Žƌ ĚĞďĞŶƚƵƌĞƐ ŽĨ͕ ƚŚĞ ŽŵƉĂŶLJ Žƌ ĂŶLJ ŽƚŚĞƌ ďŽĚLJ ĐŽƌƉŽƌĂƚĞ͘
3
DIRECTORS’ INTERESTS IN SHARES AND DEBENTURES
dŚĞ ĚŝƌĞĐƚŽƌƐ ŽĨ ƚŚĞ ŽŵƉĂŶLJ ŚŽůĚŝŶŐ ŽĸĐĞ Ăƚ ƚŚĞ ĞŶĚ ŽĨ ƚŚĞ ĮŶĂŶĐŝĂů LJĞĂƌ ŚĂĚ ŶŽ ŝŶƚĞƌĞƐƚƐ ŝŶ ƚŚĞ ƐŚĂƌĞƐ ŝŶ͕
Žƌ ĚĞďĞŶƚƵƌĞƐ ŽĨ͕ ƚŚĞ ŽŵƉĂŶLJ ĂŶĚ ĂŶLJ ŽĨ ŝƚƐ ƌĞůĂƚĞĚ ĐŽƌƉŽƌĂƟŽŶƐ͕ ĂƐ ƌĞĐŽƌĚĞĚ ŝŶ ƚŚĞ ƌĞŐŝƐƚĞƌ ŽĨ ĚŝƌĞĐƚŽƌƐ͛
ƐŚĂƌĞŚŽůĚŝŶŐƐ ŬĞƉƚ ďLJ ƚŚĞ ŽŵƉĂŶLJ ƵŶĚĞƌ ^ĞĐƟŽŶ ϭϲϰ ŽĨ ƚŚĞ ^ŝŶŐĂƉŽƌĞ ŽŵƉĂŶŝĞƐ Đƚ ; ŚĂƉƚĞƌ ϱϬͿ ;ƚŚĞ ͞ Đƚ͟Ϳ͕
ĞdžĐĞƉƚ ĂƐ ƐĞƚ ŽƵƚ ďĞůŽǁ͗
^ŚĂƌĞŚŽůĚŝŶŐƐ ƌĞŐŝƐƚĞƌĞĚ
in name of director
^ŚĂƌĞŚŽůĚŝŶŐƐ ŝŶ ǁŚŝĐŚ ĚŝƌĞĐƚŽƌ
is deemed to have an interest
ƚ ďĞŐŝŶŶŝŶŐ
of year or
date of
ĂƉƉŽŝŶƚŵĞŶƚ͕
if later
At end
of year
ƚ ďĞŐŝŶŶŝŶŐ
of year or
date of
ĂƉƉŽŝŶƚŵĞŶƚ͕
if later
At end
of year
Ordinary shares of the Company
ŚĂƌůĞƐ ŶƚŽŶŶLJ DĞůĂƟ
(a)
ϵϭ͕ϯϵϱ͕ϰϬϲ
ϵϯ͕ϯϰϱ͕ϰϬϲ
–
–
ŚĂŵŵĂ ^ƵƌLJĂ
(a)
101,810,704 101,810,704 ϰϲϮ͕ϯϮϲ͕Ϯϴϳ ϰϱϯ͕ϯϮϲ͕Ϯϴϳ
,ƵĂŶŐ ^ŚĞ dŚŽŶŐ
Ϯϵ͕ϴϮϱ͕ϲϮϬ
Ϯϵ͕ϴϮϱ͕ϲϮϬ
–
–
KŶŐ ĞŶŐ ŚLJĞ
190,000
400,000
–
–
>Ƶ <ŝŶŐ ^ĞŶŐ
ϯϬϬ͕ϬϬϬ
ϯϬϬ͕ϬϬϬ
–
–
James Beeland Rogers Jr
(a)
1,700,000
ϯ͕ϰϬϬ͕ϬϬϬ
2,000,000
2,000,000
