KINGSMEN CREATIVES LTD
ANNUAL REPORT
2014
31
The directors are pleased to present their report to the members together with the audited consolidated financial statements
of Kingsmen Creatives Ltd. (the “Company”) and its subsidiaries (collectively, the “Group”) and the statement of financial
position and statement of changes in equity of the Company for the reporting year ended 31 December 2014.
1.
Directors
The directors of the Company in office at the date of this report are:
Soh Siak Poh Benedict
(Executive Chairman)
Simon Ong Chin Sim
(Group Managing Director and Executive Director)
Chong Siew Ling
(Managing Director, Exhibitions &Museums and Executive Director)
Prabhakaran S/O Narayanan Nair
(Independent Director)
Wong Ah Long
(Independent Director)
Tan Cher Liang
(Independent Director)
2.
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, other than as disclosed under “Kingsmen Performance
Share Scheme” in this report.
3.
Directors’ interests in shares and debentures
The following directors of the Company, who held office at the end of the reporting year, had, according to the register
of directors’ shareholdings required to be kept by the Company under section 164 of the Singapore Companies
Act, Cap. 50 (the “Act”), an interest in shares of the Company and related corporations (other than wholly-owned
subsidiaries), as stated below:
Direct interest
Deemed interest
At the beginning of
the reporting year
At the end of
the reporting year
At the beginning of
the reporting year
At the end of
the reporting year
Name of director
Ordinary shares of the Company
Soh Siak Poh Benedict
7,917,269
8,035,409
37,993,060
37,993,060
Simon Ong Chin Sim
7,917,250
8,035,390
37,993,060
37,993,060
Chong Siew Ling
3,634,761
3,634,761
–
–
Wong Ah Long
–
–
36,000
36,000
There was no change in any of the above-mentioned interests in the Company between the end of the reporting year
and 21 January 2015.
By virtue of section 7 of the Act, Soh Siak Poh Benedict and Simon Ong Chin Sim are deemed to have interests in
shares of the subsidiaries of the Company.
Except as disclosed in this report, no director of the Company who held office at the end of the reporting year had
interests in shares, debentures or share options of the Company, or of related corporations, either at the beginning
of the reporting year, or at the end of the reporting year.
4.
Contractual benefits of directors
Since the beginning of the reporting year, no director of the Company has received or become entitled to receive
a benefit by reason of a contract made by the Company or a related corporation with the director or with a firm of
which the director is a member, or with a company in which the director has a substantial financial interest except
as disclosed in the financial statements. Certain directors of the Company received remuneration from related
corporations in their capacity as directors and/or executives of those related corporations. There were certain
transactions (shown in the financial statements under related party transactions) with corporations in which certain
directors have an interest.
Directors’ Report
