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A M A R Q U E A B O V E T H E R E S T 48 E U R O S P O R T S G L O B A L L I M I T E D 49
2 0 1 4 A N N U A L R E P O R T
The Directors of the Company are pleased to present their report together with the audited financial statements of
the Company and of the Group for the reporting year ended 31 March 2014. The Company changed its name to
EuroSports Global Limited upon its conversion to a public company on 5 December 2013.
Directors at Date of Report
The Directors of the Company in office at the date of this report are:
Goh Kim San (Appointed on 12 December 2012)
Goh Kim Hup (Appointed on 12 December 2012)
Ng Tiak Soon (Appointed on 29 November 2013)
Tan Siok Sing (Appointed on 29 November 2013)
Lim Kim Quee (Appointed on 29 November 2013)
Arrangements to Enable Directors to Acquire Benefits by Means of the Acquisition of Shares and Debentures
Neither at the end of the reporting year nor at any time during the reporting year did there subsist any arrangement
whose object is to enable the Directors of the Company to acquire benefits by means of the acquisition of shares
or debentures in the Company or any other body corporate.
Directors’ Interests in Shares and Debentures
The Directors of the Company holding office at the end of the reporting year had no interests in the share capital
and options of the Company and related corporations as recorded in the register of Directors’ shareholdings kept
by the Company under section 164 of the Companies Act, Chapter 50 (the “Act ”) except as follows:
Name of Directors and
companies in which interests are held
At beginning of the
reporting year
At end of
the reporting year
Direct interest
The Company – EuroSports Global Limited Number of shares of no par value
Goh Kim San 1 111,000,000
Goh Kim Hup 1 74,000,000
By virtue of section 7 of the Act, the above Directors with shareholdings are deemed to have an interest in all
the related corporations of the Company.
The Directors’ interests as at 21 April 2014 were the same as those at the end of the reporting year.
Contractual Benefits of Directors
Since incorporation, no Director of the Company has received or become entitled to receive a benefit which
is required to be disclosed under section 201(8) of the Act by reason of a contract made by the Company or a
related corporation with the Director or with a firm of which he is a member, or with a Company in which he has a
substantial financial interest except as disclosed in the financial statements.
Year ended 31 March 2014
DIRECTORS ’
REPORT
Interested Person Transactions
The Group has not obtained a general mandate from shareholders for interested person transactions. The
Company has established procedures to ensure that all transactions with interested persons are reported in a
timely manner to the Audit Committee and that the transactions are carried out on an arm’s length basis. There
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Use of IPO Proceeds
Amount allocated
as stated in the
Offer Document
S$’ million
Amount utilised
as at 31 March 2014
S$’ million
Balance of net
proceeds
as at 31 March 2014
S$’ million
Expansion of our operations locally and in
other markets and diversification into other
luxury lifestyle business 6.00 – 6.00
General working capital 2.46 2.46 –
8.46 2.46 6.00
The amount deployed for general working capital includes the purchase of inventories and operating expenses.
Material Contracts
Save for the following contracts previously disclosed in the Offer Document, there were no other material contracts
entered into by the Company and its subsidiaries involving the interest of any Director or controlling shareholders
subsisting as at 31 March 2014, or if not then subsisting, entered into since the incorporation of the Company:
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Tecnomotive S.L.
Non-sponsor fees
In compliance with Rule 1204(21) of the Catalist Rules, there were no non-sponsor fees paid to the Company’s
sponsor, CIMB Bank Berhad, Singapore Branch, subsequent to the Company’s listing on the Catalist to the date
of this report.
CORPORATE
GOVERNANCE REPORT