070917_KPGHL_Annual Report 2017_final_PREVIEW
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
Directors' <strong>Report</strong> | 30 June <strong>2017</strong><br />
Additional disclosures relating to key management personnel<br />
Shareholding<br />
The number of shares in the company held during the financial year by each director and other members of key<br />
management personnel of the consolidated entity, including their personally related parties, is set out below:<br />
Balance at the<br />
start of the<br />
year (1)<br />
Received as part<br />
of remuneration<br />
Additions<br />
Disposals/<br />
other (2)<br />
Balance at the<br />
end of the year<br />
Ordinary shares<br />
Brett Kelly 25,353,378 - - 2,100,000 23,253,378<br />
Stephen Rouvray - - 50,000 - 50,000<br />
Ryan Macnamee - - 125,046 - 125,046<br />
Pauline Michelakis 635,821 151,186 150,054 - 937,061<br />
Paul Kuchta 152,995 - - - 152,995<br />
26,142,194 151,186 325,100 2,100,000 24,518,480<br />
(1)Reflects share splits undertaken during the year.<br />
(2)Disposed of through the IPO.<br />
Option holding<br />
There were no options over ordinary shares in the company held during the financial year.<br />
Key management personnel with loans above $100,000 in the reporting period:<br />
The following table outlines amounts in relation to loans above $100,000 made to key management personnel of the<br />
Group. The loans were fully repaid by the key management personnel as of 30 June <strong>2017</strong>.<br />
Balance at<br />
1 Jul 2016<br />
Interest<br />
charged<br />
Allowance<br />
for doubtful<br />
receivables<br />
Balance at<br />
30 Jun <strong>2017</strong><br />
Highest loan<br />
balance during<br />
the period<br />
$ $ $ $ $<br />
Brett Kelly 639,408 - - - 1,307,053<br />
This concludes the remuneration report which has been audited.<br />
Shares under option<br />
Unissued ordinary shares of Kelly Partners Group Holdings Limited under option at the date of this report are as follows:<br />
There are no shares under option at the date of this report.<br />
Employee share plan<br />
The Company has adopted an Employees Share Scheme in order to assist in the motivation and retention of selected<br />
employees of the Company. The Employee Share Scheme is designed to align the interest of eligible employees more<br />
closely with the interest of Shareholders, by providing an opportunity for eligible employees to receive equity interest in<br />
the Company.<br />
There were no grants under the employee share scheme as at 30 June <strong>2017</strong>.<br />
70 KELLY+PARTNERS ANNUAL REPORT <strong>2017</strong>
Change language