Page 60 - Neal and Massy Holdings Annual Report 2012

58 2012
The Directors have pleasure in submitting their Report and the Audited Financial Statements for the financial year ended September 30, 2012.
Principal activities
The main activity is that of a Holding Company.
Financial results for the year $’000
Profit attributable to Shareholders 470,809
Dividends paid (131,220)
Profit retained for the year 339,589
Other movements on revenue reserves (19)
Balance brought forward 2,368,374
Retained earnings at end of year 2,707,944
Dividends
The Directors declared a final dividend of $1.05 cents per share, making a total dividend of $1.50 per share for the financial year. The final
dividend will be paid on or after January 18, 2013 to shareholders whose names appear on the Register of Members of the Company at
the close of business on January 2, 2013.
Directors
Pursuant to paragraph 4.4.1 and 4.4.2 of By-Law No. 1 of the Company Messrs. Arthur Lok Jack, William Lucie-Smith, Rolph Balgobin
and David O’Brien retire from the Board by rotation and being eligible offer themselves for re-election until the close of the third Annual
Meeting following this appointment.
Pursuant to paragraph 4.4.1 and 4.4.2 of By-Law No.1 of the Company, Messrs. E. Gervase Warner and G. Anthony King retire from the
Board by rotation and being eligible offer themselves for re-election until the close of the next Annual Meeting following this appointment.
Directors’, Senior Officers’ AND Connected Persons’ Interests
These should be read as part of this report.
Auditors
The Auditors, PricewaterhouseCoopers, retire and being eligible offer themselves for re-appointment.
By Order of the Board
Wendy Kerry
Corporate Secretary
December 20, 2012
DIRECTORS’ REPORT