/ . 4 8
E U R O S P O R T S G L O B A L L I M I T E D
Us e o f I PO P r oc e ed s
amount allocated
as stated in the
offer Document
S$’ million
amount utilised
as at 31 march 2015
S$’ million
balance of net
proceeds
as at 31 march 2015
S$’ million
Expansion of our operations
locally and in other markets and
diversification into other luxury
lifestyle business
6.00
1.50
(1)
4.50
General working capital
2.46
2.46
(2)
–
Total
8.46
3.96
4.50
The amount deployed for general working capital includes the purchase of inventories and operating expenses.
Notes:
(1) The amount of S$1.50 million for expansion of our operations locally was utilized in the acquisition of a subsidiary.
(2) The amount of S$2.46 million deployed for general working capital includes the purchases of inventories and operating expenses.
Ma t e r i a l Con t r a c t s
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 2015, or if not then subsisting, entered into in FY2015:
•
Service agreements of Melvin Goh and Andy Goh
•
Indemnity provided by Melvin Goh and Andy Goh in respect of automobiles ordered from Spania GTA Tecnomotive S.L.
Non - s pon s o r f e e s
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
