Slovar Limited — Board/Management Information 2015

Sep 28, 2015

money3

29th September, 2015

Media Release

MR. SCOTT BALDWIN APPOINTED MONEY3 MANAGING DIRECTOR

Appointment of Managing Director

The Directors of Money3 Corporation Limited (ASX: MNY) are pleased to advise the appointment of Mr. Scott Baldwin as Managing Director.

"Mr Baldwin has been Acting CEO since the departure of Rob Bryant in July 2015 and prior to that appointment had been Chief Operating Officer, a position he had held since 2008. As Chief Operating Officer Mr Baldwin has lead the growth in the very successful secured lending business", said Money3 Chairman Mr Vaughan Webber.

"Mr Baldwin had been an executive director since 2009 and has a detailed knowledge of the business, its challenges and opportunities," Mr Webber said.

Commenting on his appointment, Money3 Managing Director, Scott Baldwin said:

"I am delighted to continue in my leadership role at Money3 as Managing Director and be part of a leadership group with such a strong corporate culture, committed staff and a growing customer base."

Prior to joining Money3 in 2007, Mr Baldwin spent over a decade in a variety of senior roles with General Electric Healthcare, including leading infrastructure projects for warehousing, CRM, sales & service across Asia, working on the GE Mergers and Acquisitions team and as Marketing Manager – IT Solutions Asia.

Money3 Corporation Limited

ABN 63 117 296 143

Australian Credit Licence

389 782

Level 1, 48 High Street

Northcote, Vic, 3070

T 61 3 9093 8255

F 61 3 9093 8227

info@money3.com.au

www.money3.com.au

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money3

Summary of terms and conditions of the appointment of Mr Scott Baldwin as Managing Director pursuant to ASX Listing Rule 3.16.4

Term	• Money3 Corporation Ltd (Money3) appointed Mr Baldwin as Managing Director from 30 September 2015 and no fixed term.
Remuneration	• Money3 will pay to Mr Baldwin the following:
1. A total fixed remuneration including superannuation of $375,000. The superannuation contribution will be 9.5% or such other amount prescribed by the Superannuation Guarantee (Administration) Act 1992 (Cth).
2. Mr Baldwin will be entitled to receive a Short Term Incentive of up to 50% of the employee’s fixed annual remuneration on terms prescribed by the Remuneration Committee of Money3, subject to any change to such terms.
3. Mr Baldwin will be entitled to receive a Long Term Incentive of up to 50% of the employee’s fixed annual remuneration on terms prescribed by the Remuneration Committee of Money3, subject to any change to such terms.
• The fixed remuneration will be reviewed annually, on or about 1 July each year, at the discretion of the Board.
Termination	• Money3 or Mr Baldwin may terminate the agreement at any time by giving 6 months’ notice. In the event of change in control of Money3, Money3 shall be required to give Mr Baldwin 12 months’ notice of termination or payment in lieu.
Restraint	• Mr Baldwin will be restrained for 6 months post-employment, from carrying on or being involved in any business which is in competition with Money3.

• ENDS -

For further information please contact:

Mr Vaughan Webber
Chairman
Telephone: +61 3 9093 8255

ABOUT MONEY3 CORPORATION LIMITED (ASX: MNY)

Money3 is a finance company with a focus on great customer service for people who traditional credit providers ignore. Devoted to leading the transformation of the consumer lending industry in Australia, Money3 is a responsible lender that is dedicated to assisting Australians who are financially excluded. Money3 provides short term loans and secured finance options up to 60 months.

Money3 also trades under the names Personal Finance Co in Tasmania which commenced trading in 1933, and online under the Cash Train brand.

Money3 Corporation Limited
ABN 63 117 296 143
Australian Credit Licence
389 782
Level 1, 48 High Street
Northcote, Vic, 3070
T 61 3 9093 8255
F 61 3 9093 8227
info@money3.com.au
www.money3.com.au