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GLG CORP LTD — AGM Information 2011
Nov 27, 2011
64991_rns_2011-11-27_5e703192-360e-4d21-95dd-c98e1cf1b0fc.pdf
AGM Information
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GLG CORP LTD Annual General Meeting 25th November 2011 WELCOME
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GLG CORP LTD – 2011 Annual General Meeting
Meeting Format
GLG Corp Ltd Results Director’s Review Half-Year Ended 31 December 2005 Accounts and Reports Other Business Close GK Soh Chief Executive Officer Eu Mun Leong - Chief Financial Officer 6-7 March 2006
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GLG CORP LTD – 2011 Annual General Meeting
Introductions
GLG Corp
-
Estina Ang Suan Hong – Executive Chairwoman
-
Yong Yin Min - Executive Director
-
Surina Gan Meng Hui – Executive Director
-
Ernest Seow Teng Peng – Independent Non Executive Director
-
Christopher Chong – Independent Non Executive Director (via telephone)
-
Thongviboon – Independent Non Executive Director
-
Joanne Bourke – Company Secretary
Deloitte Touche Tohmatsu
- Rod Whitehead – Partner
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GLG Corp Ltd Results
Half-Year Ended 31 December 2005 DIRECTOR’S REVIEW
GK Soh Chief Executive Officer Eu Mun Leong - Chief Financial Officer
6-7 March 2006
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GLG Corp Ltd Marketplace Update GLG Corp Ltd Results 2011/2012 Half-Year Ended 31 December 2005
| GK Soh | - | Chief Executive Officer |
|---|---|---|
| Eu Mun Leong | - | Chief Financial Officer |
| 6-7 March 2006 |
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GLG Corp Ltd: Marketplace Update
GLG Corp Ltd Continued uncertainty in the US and Europe retail Results Half-Year Ended 31 December 2005
Drop in Projections by programs
Signs of cotton prices stabilizing
GK Soh Chief Executive Officer
Eu Mun Leong - Chief Financial Officer Co ~~ntin~~ ued push by retailers to accept smaller fashion orders and faster turnaround
6-7 March 2006
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GLG Corp Ltd: GLG Response to Marketplace
Focus on developing Asia customer base. Metro of Philippines and AIC of Japan GLG Corp Ltd
Results Setup of NY city based design office to setup Original Design Manufacturing (“ODM”) business to help retailers achieve “speed to Half-Year Ended 31 December 2005 fashion”, lower inventory levels and target increased sales margins Increased customer base to guard against drop in projections New Sales Developments
USA: JC Penney, Carters, Jones NY, Cold Water Creek GK Soh Chief Executive Officer Europe: NEXT UK, USG, Kariban Eu Mun Leong - Chief Financial Officer Asia: Metro, AIC
Management Disciplines Ongoing cost Control and Margin Review; 6-7 March 2006 Close monitoring of Customer Credit Status;
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Sales Bookings and Shipments Update (US$ Million)
FY11 FY12 Remarks Actual Sales Sales Bookings Q1: Jul – Sep 52.0 65.9 Shipments 100% completed Q2: Oct – Dec 61.5 61.4 40% of Bookings shipped. * Q3: Jan – Mar 62.2 62.1 Q4: Apr-Jun 62.2 62.4 Full Year Total 237.9
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GLG Corp Ltd
Outlook and Prospects GLG Corp Ltd Results Half-Year Ended 31 December 2005
| GK Soh | - | Chief Executive Officer |
|---|---|---|
| Eu Mun Leong | - | Chief Financial Officer |
| 6-7 March 2006 |
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GLG Corp Ltd 2011/12 Outlook
GLG Corp Ltd Results
Half-Year Ended 31 December 2005 Trading conditions in the United States has been improved, however US retailers are facing continued competition;
Record a strong growth in revenue as well as higher margin orders received until Q2
Continued to tighten the Cost control, improving the cash management and collection efficiency GK Soh Chief Executive Officer
Eu Mun Leong - Chief Financial Officer
6-7 March 2006
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GLG Corp Ltd 2011/12 Outlook
GLG Corp Ltd Results
Half-Year Ended 31 December 2005 Trading conditions in the United States has been improved, however US retailers are facing continued competition;
Record a strong growth in revenue as well as higher margin orders received until Q2
Continued to tighten the Cost control, improving the cash management and collection efficiency GK Soh Chief Executive Officer
Eu Mun Leong - Chief Financial Officer
6-7 March 2006
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GLG Corp Ltd Annual Accounts
GLG Corp Ltd Accounts in the 2011 Annual Report Results Half-Year Ended 31 December 2005 Consideration of accounts
| Questions or comments? | Questions or comments? | Questions or comments? |
|---|---|---|
| GK Soh | - | Chief Executive Officer |
| Eu Mun Leong | - | Chief Financial Officer |
| 6-7 March 2006 |
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GLG Corp Ltd Resolutions
GLG Corp Ltd Approval of the Remuneration Report Results Half-Year Ended 31 December 2005 Re-election of a Director – Ernest Seow Re-election of a Director – Surina Gan Re-election of a Director - Thongviboon
GK Soh Chief Executive Officer Eu Mun Leong - Chief Financial Officer
6-7 March 2006
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GLG Corp Ltd
Resolution 1 GLG Corp Ltd
Results Remuneration Report Half-Year Ended 31 December 2005
| “That, for the purpose | of Section 250R(2) of the Corporations Act | of Section 250R(2) of the Corporations Act |
|---|---|---|
| and for all other purposes, approval is given for the adoption | of | |
| the Remuneration Report as contained in the Company’s annual | ||
| financial report for the | financial year ended 30 June 2011.” | |
| GK Soh | - Chief Executive Officer |
|
| ~~Eu Mun Leong~~ For Open |
~~-~~ ~~Chief Financial Officer~~ Against Abstain Total |
|
| 4,253,207 0 |
1,105,403 0 5,358,610 |
|
| 6-7 March 2006 |
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GLG Corp Ltd
Resolution 2 GLG Corp Ltd Results Re-election of a Director Half-Year Ended 31 December 2005
“In accordance with the Constitution of the Company, Mr Ernest SeowTengPeng retires by rotation and, being eligible, offers himself for re-election as a Director of the Company”.
| GK |
Soh - Chief Executive Officer |
Soh - Chief Executive Officer |
Soh - Chief Executive Officer |
Soh - Chief Executive Officer |
Soh - Chief Executive Officer |
|
|---|---|---|---|---|---|---|
| For | ~~Eu Mun Le~~ | ~~ong -~~ Open |
~~Chief Financ~~ Against |
~~ial Officer~~ Abstain |
Total | |
| 59,049,950 | 30,000 | 870,863 | 0 | 59,950,163 | ||
| 6-7 March 2006 |
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GLG Corp Ltd
Resolution 3 GLG Corp Ltd Results Re-election of a Director Half-Year Ended 31 December 2005
“In accordance with the Constitution of the Company, Ms Surina Gan MengHui retires by rotation and, being eligible, offers herself for re-election as a Director of the Company”.
| GK |
Soh - Chief Executive Officer |
Soh - Chief Executive Officer |
Soh - Chief Executive Officer |
Soh - Chief Executive Officer |
Soh - Chief Executive Officer |
|
|---|---|---|---|---|---|---|
| For | ~~Eu Mun Le~~ | ~~ong -~~ Open |
~~Chief Financ~~ Against |
~~ial Officer~~ Abstain |
Total | |
| 59,049,950 | 30,000 | 870,863 | 0 | 59,950,163 | ||
| 6-7 March 2006 |
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GLG Corp Ltd
Resolution 4 GLG Corp Ltd Results Re-election of a Director Half-Year Ended 31 December 2005
“That Mr Thongviboon having been appointed as an addition to the Board, and who retires in accordance with clause 12.7 of the Company’s Constitution, and being eligible, offers himself for re-election as a Director of the Company, is hereby re-elected as a Director of the Company”. GK Soh Chief Executive Officer
| GK Soh - Chief Executive Officer . |
GK Soh - Chief Executive Officer . |
GK Soh - Chief Executive Officer . |
GK Soh - Chief Executive Officer . |
GK Soh - Chief Executive Officer . |
|
|---|---|---|---|---|---|
| For | ~~Eu Mun Le~~ | ~~ong -~~ Open |
~~Chief Financ~~ Against |
~~ial Officer~~ Abstain |
Total |
| 59,059,950 | 30,000 | 860,863 | 0 | 59,950,163 | |
| 6-7 March 2006 |
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Thank You
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Cautionary note on forward-looking statements
This presentation may contain statements regarding the business of GLG Corp Limited and its subsidiaries (‘Group’) that are of a forward looking nature and are therefore based on management’s assumptions about future developments.
Such forward looking statements are intended to be identified by words such as ‘believe’, ‘estimate’, ‘intend’, ‘may’, ‘will’, ‘expect’, and ‘project’ and similar expressions as they relate to the Group. Forward-looking statements involve certain risks and uncertainties because they relate to future events. Actual results may vary materially from those targeted, expected or projected due to several factors.
Potential risks and uncertainties includes such factors as general economic conditions, foreign exchange fluctuations, interest rate changes, commodity price fluctuations and regulatory developments. Such factors that may affect GLG Corp’s future financial results are detailed in our 2010 Annual Report. The reader and/or listener is cautioned to not unduly reply on these forward-looking statements. We do not undertake any duty to publish any update or revision of any forward looking statements.
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