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Annual Report 2013 LifeBrandz Ltd
4. COMMUNICATIONS WITH SHAREHOLDERS
Principle 14:
Companies should engage in regular, effective and fair communication with shareholders.
The Company does not practise selective disclosure. In line with continuous obligations of the Company pursuant to the
SGX-ST’s Listing Rules, the Board’s policy is that all shareholders should be equally informed of all major developments
impacting the Group.
Information is disseminated to shareholders on a timely basis through:
• SGXNET systems and news release
• Annual reports prepared and issued to all shareholders
• The Company’s website at www.lifebrandz.com and investor relations site, Shareinvestor, at which shareholders
can access information on the Group
Results and annual reports are announced or issued within the mandatory period. The Group has an investor relation
team which communicates with its investors on a regular basis and attends to their queries. All shareholders of the
Company will receive a copy of the annual report and the notice of the Annual General Meeting. The notice is also
advertised in newspaper and made available at the SGX-ST’s and the Company’s websites.
Principle 15:
Companies should encourage greater shareholder participation at Annual General Meetings and allow shareholders
the opportunity to communicate their views on various matters affecting the Company.
At the Company’s Annual General Meetings, shareholders are given the opportunity to voice their views and ask Directors
or the Management questions regarding the Company. The Chairmen of the AC, RC and NC will normally be present at
all Annual General Meetings to answer any questions relating to the work of these committees.
Dealing in Securities
In line with the Best Practices Guide issued by the SGX-ST, the Company has in place a policy prohibiting share dealings
by Directors and employees of the Company for the period of two weeks before the announcement of the Company’s
fnancial statements for each of the frst three quarters of its fnancial year, or one month prior to the announcement of
the Company’s full year fnancial statements, and ending on the date of the announcement of the relevant results.
In addition, Directors and key executives are expected to observe insider trading laws at all times even when dealing
in securities within the permitted trading period. They are also discouraged from dealing in the Company’s shares on
short-term consideration.
Material Contracts
There was no material contracts entered into by the Company or any of its subsidiaries involving the interest of the CEO,
any Director, or controlling shareholder for the fnancial year ended 31 July 2013.
Interested Person Transactions (“IPTs”)
The Company has established procedures to ensure that all transactions with interested persons are reported in a timely
manner to the AC and those transactions are conducted on an arm’s length basis and are not prejudicial to the interests
of the shareholders.
There have been no IPTs equal to or exceeding $100,000 in value for the fnancial year ended 31 July 2013.
The Company does not have a shareholders’ mandate for interested person transactions.
Name of
Interested
person
Aggregate value of all interested person
transactions during the fnancial year under
review (excluding transactions less than
$100,000 and transactions conducted under
shareholders’ mandate pursuant to Rule 920)
Aggregate value of all interested person
transactions conducted under shareholders’
mandate pursuant to Rule 920 (excluding
transactions less than $100,000)
Nil Nil Nil
CORPORATE GOVERNANCE STATEMENT