Structure of Clime Private

Clime Private Limited (Clime Private) was incorporated as a public company on 5th August 2016, ACN 614 090 309.

Clime Private was incorporated with the same number of shares as Clime currently has on issue so that Shareholders would receive 1 Clime Private Share for each 1 Clime Share they held at the record date.

It is intended that Clime Private will be an investment vehicle only whose sole purpose will be to hold shares in Jasco Holdings Limited. Clime Private’s only income will be by way of distributions from Jasco Holdings Limited and it is anticipated that its principal costs will be limited to regulatory costs such as annual ASIC filing fees, audit fees and shareholder registry and communication costs. The directors will waive the payment of directors fees. Costs are not anticipated to exceed $20,000 per annum at present.

Clime Private, as a public company will be audited each year at 30 June and audited accounts will be distributed to shareholders. In addition the Board will communicate half year results and other important events to shareholders.

The current Board of Directors of Clime Private are.

Mr. Donald McLay
Director

Experience and expertise

Mr McLay has more than 35 years’ experience within financial markets, investment banking and broad business services. He has previously held executive roles with a number of local and overseas investment managers and investment banking organisations, working in London, Singapore, Auckland and Sydney. Don holds a Bachelor of Commerce degree, is a Chartered Accountant, a Chartered Secretary and a Senior Fellow of the Financial Services Institute of Australasia. Don has been a Director of Clime since February 2015, and Chairman since July 2015.

Mr. John Abernethy
Director

Experience and expertise

Mr. Abernethy has over 30 years’ funds management experience in Australia having been General Manager Investments of the NRMA.  John holds a Bachelor of Commerce (Economics)/LLB from the University of New South Wales. Mr. Abernethy has been a Director of Clime for over 19 years. Mr Abernethy is also a director of Jasco Holdings Limited.

Mr. Biju Vikraman
Director & Company Secretary

Experience and expertise

Mr. Vikraman holds a Bachelor of Commerce from the University of Mumbai, India and is an Australian and Indian Chartered Accountant. Mr. Vikraman has over 15 years’ experience in audit and finance and has held senior roles with 4 big Accounting Firms and listed entities within Australia, India and Africa. Mr. Vikraman also holds a Graduate Diploma of Applied Corporate Governance from the Governance Institute of Australia. Mr. Biju Vikraman has held the role of Finance Manager of Clime since 2011 and was appointed Joint Company Secretary on 1 June 2015.

The information provided on this webpage and the rest of clime.com.au is intended for general use only. The information presented does not take into account the investment objectives, financial situation and advisory needs of any particular person nor does the information provided constitute investment advice. Under no circumstances should investments be based solely on the information herein. Please consider our Information Memorandum, Product Disclosure Statement and Financial Services Guide before investing in one of our products. Past performance is no guarantee of future returns.
  • Copyright © 2018 Clime Investment Management Limited
CALL 1300 788 568

Sign in to: