Page 29 - OneVue Annual Report 2015

Significant changes in the state • To provide digital gateways between investors and
of affairs those that service them including advisers,
accountants and investment managers

On 25 July 2014, OneVue Holdings Limited commenced • To become the Australian unit registry utility
trading on the ASX (ASX: OVH). The company servicing both domestic and global trustees,
successfully raised $14 million by way of an Initial Public custodians and investment managers
Offer for 40 million ordinary shares.
• To deliver a highly scalable, competitive and quality
During the current year the contributed equity offering
increased by $17.6 million (from $27.5 million to $45.1
million) due to the initial public offering ($13 million net Further information about likely developments in the
of costs), for the Select acquisition ($4.3 million ordinary operations of the consolidated entity and the expected
shares issued) and the $0.3 million repayment of limited results of those operations in future financial years has
recourse loans by employees. not been included because disclosure of the information
would be likely to result in unreasonable prejudice to
The company completed the acquisition of Select Asset the consolidated entity.
Management Limited and Select Investment Partners
Limited and their controlled entities. On August 2014, Environmental regulation
consideration paid comprised net $2.7 million in cash
and 12.904 million ordinary shares in OneVue Holdings OneVue is not subject to any significant environmental
Limited at an agreed price of $0.35 each. The shares regulation under Australian Commonwealth or State law.
were issued in two tranches; the first being 31 August
2014 for $4.3 million and the second on 28 August 2015 Information on Directors
for $0.2 million.

On 2 September 2014, $0.72 million was paid to The following information is current as at the date of
Computershare as part of the settlement of the this report.
Computershare Fund Services (“CFS”) acquisition.
Computershare elected to receive cash rather than Name: Gail Pemberton
convert the notes to ordinary shares. Title:
Qualifications: Non-Executive Chair
There were no other significant changes in the state of
affairs during the year. Experience and FAICD, MA (UTS)
expertise:
Matters subsequent to the end Gail has over 30 years’ experience in
Other current the financial services and technology
of the financial year Directorships: sector in CIO, COO and CEO roles at
Former companies including Macquarie Bank
On 28 August 2015, 617,799 ordinary shares with an Directorships (last 3 and BNP Paribas Securities Services.
agreed price of $0.35 per share were issued as years): Gail joined the Board of OneVue
settlement of the contingent consideration owed to the Holdings Limited in 2007 as Chair.
Select vendor shareholders (Refer note 33 of the
financial statements). Non-Executive Director UXC Limited
and Eclipx Group Limited

Non-Executive Director Onthehouse
Holdings Limited (2011- 2015)

On 2 September 2015, $0.72 million was paid to Special Member of the Audit, Risk
Computershare as the final settlement of the CFS responsibilities: Management and Compliance
acquisition. Computershare elected to receive cash Committee and Human Resources,
rather than convert the notes to ordinary shares. Interests in shares: Nomination and Remuneration
Committee.
Future developments, prospects
and business strategies 1,941,710 ordinary shares

Future developments for OneVue and the expected Interests in options: 187,500 options
performance will be driven by:

ONEVUE ANNUAL REPORT - 29