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SRG GLOBAL LIMITED — Director's Dealing 2007
Aug 20, 2007
65852_rns_2007-08-20_7a43e360-7a8b-43c7-8418-ac7c1173ae9b.pdf
Director's Dealing
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ASX Announcement / Media Release 21 August 2007
APPENDIX 3X
Construction services group Global Construction Services (ASX: GCS, "GCS Group") pleased find attached Appendix 3X for the directors of the GCS Group.
-ends-
Further Information: Katherine Knox Porter Novelli (08) 9386 1233 0421 186 129
Or visit: http://www.gcs-group.net/
About GCS Group
GCS Group (ASX: GCS) is a construction services company that supplies equipment to the construction industry such as scaffolding, formwork, material hoists, temporary accommodation and chemical toilets together with a range of related labour and design services.
The company's major customers are involved in residential, commercial and industrial construction and include Multiplex, Mirvac and Leighton Holdings.
GCS Group is forecasting net profit of $8.2 million for FY08, equating to 12.5 cents per share.
GCS Group's strategy for growth is to focus primarily on servicing the West Australian construction industry. In addition, the Company intends to explore opportunities to diversify into related industries and industry sectors and acquire selected new businesses that create value for shareholders.
Rule 3.19A.1
Initial Director's Interest Notice
Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.
Introduced 30/9/2001.
| Name of entity | Global Construction Services Limited |
|---|---|
| ACN | 104 6104 104 662 259 |
We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.
| Name of Director | Salvatore (Sam) Mangione |
|---|---|
| Date of appointment | 17 November 2006 |
Part 1 - Director's relevant interests in securities of which the director is the registered holder
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.
Number & class of securities
NA
+ See chapter 19 for defined terms.
Part 2 – Director's relevant interests in securities of which the director is not the registered holder
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
| Nameofholder & nature of | Number & class of Securities |
|---|---|
| interestNote: Provide details of the circumstances giving rise to the | |
| relevant interest. | |
| Okelane Holdings Pty Ltd (related | 2,809,880 fully paid ordinary shares |
| entity of Sam Mangione) | |
Part 3 – Director's interests in contracts
| Detail of contract | NA |
|---|---|
| Nature of interest | NA |
| Name of registered holder(if issued securities) | NA |
| No. and class of securities towhich interest relates | NA |
+ See chapter 19 for defined terms.
Rule 3.19A.1
Initial Director's Interest Notice
Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.
Introduced 30/9/2001.
| Name of entity | Global Construction Services Limited |
|---|---|
| ACN | 104 6104 104 662 259 |
We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.
| Name of Director | Neil Graeme Kidd |
|---|---|
| Date of appointment | 1 July 2007 |
Part 1 - Director's relevant interests in securities of which the director is the registered holder
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.
Number & class of securities
50,000 fully paid ordinary shares
+ See chapter 19 for defined terms.
Part 2 – Director's relevant interests in securities of which the director is not the
registered holder
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
| Nameofholder & nature ofinterestNote: Provide details of the circumstances giving rise tothe relevant interest. | Number & class of Securities |
|---|---|
| NA | |
Part 3 – Director's interests in contracts
| Detail of contract | NA |
|---|---|
| Nature of interest | NA |
| Name of registered holder(if issued securities) | NA |
| No. and class of securities towhich interest relates | NA |
+ See chapter 19 for defined terms.
Rule 3.19A.1
Initial Director's Interest Notice
Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.
Introduced 30/9/2001.
| Name of entity | Global Construction Services Limited |
|---|---|
| ACN | 104 6104 104 662 259 |
We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.
| Name of Director | Vincenzo Daniele Gullotti |
|---|---|
| Date of appointment | 8 May 2003 |
Part 1 - Director's relevant interests in securities of which the director is the registered holder
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.
Number & class of securities
NA
+ See chapter 19 for defined terms.
Part 2 – Director's relevant interests in securities of which the director is not the
registered holder
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
| Nameofholder & nature of | Number & class of Securities |
|---|---|
| interestNote: Provide details of the circumstances giving rise tothe relevant interest. | |
| Vincenzo (Enzo) Gullotti as trustee forVincenzo Gullotti Family Trust | 8,921,698 fully paid ordinary shares |
+ See chapter 19 for defined terms.
Part 3 – Director's interests in contracts
| Detail of contract | Deed of Employment for a term of 5 years |
|---|---|
| commencing 1 July 2007.Key terms of | |
| agreement include: | |
| (a) salary payable is $370,000 per annum plus | |
| superannuation; | |
| (b) provision by GCS of a fully maintained vehicle, | |
| mobile phone and income protection insurance; | |
| (c) Mr Gullotti must exercise the utmost good faith in | |
| the best interests of CASC and GCS; | |
| (d) GCS may terminate the agreement at will and upon | |
| termination the employee will be entitled to 50% of his | |
| salary | |
| for the period remaining in the employment agreement; | |
| (e) if the employee terminates the employment | |
| arrangement he must give at least 6 months notice of | |
| termination.On resignation the employee will not be entitled to any | |
| further payment other than for services provided | |
| during the | |
| notice period; | |
| (f) the agreement may also be terminated for serious | |
| misconduct, in which event GCS is not required to pay | |
| compensation; and | |
| (g) a 1 year non-compete and non-solicitation covenant | |
| on termination of the agreement, whereby Mr Gullotti | |
| will not engage directly, or indirectly or through any | |
| person in an enterprise or company, to carry on a | |
| substantially similar activity to that of GCS. The | |
| Company may elect to allow him to work as an | |
| employee in the restricted area in lieu of | |
| paying him during the restraint period and, in these | |
| circumstances, the Company must continue to pay his | |
| salary during this restraint period. If 50% or more of | |
| the shares are acquired by a party as a result of a | |
| takeover or scheme of arrangement, the deed, includingthe above restrictive covenants shall cease to apply to | |
| Mr Gullotti. | |
| Nature of interest | As the Managing Director and Chief Executive |
| Officer of Global Construction Services Limited | |
| Name of registered holder | NA |
| (if issued securities) | |
| No. and class of securities to | NA |
| which interest relates | |
+ See chapter 19 for defined terms.
Rule 3.19A.1
Initial Director's Interest Notice
Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.
Introduced 30/9/2001.
| Name of entity | Global Construction Services Limited |
|---|---|
| ACN | 104 6104 104 662 259 |
We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.
| Name of Director | David Michael Macoboy |
|---|---|
| Date of appointment | 1 July 2007 |
Part 1 - Director's relevant interests in securities of which the director is the registered holder
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.
Number & class of securities
NA
+ See chapter 19 for defined terms.
Part 2 – Director's relevant interests in securities of which the director is not the registered holder
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
| Nameofholder & nature of | Number & class of Securities |
|---|---|
| interestNote: Provide details of the circumstances giving rise tothe relevant interest. | |
| Clermont Pty Ltd atf the DavidMacoboy Super Fund | 100,000 fully paid ordinary shares |
Part 3 – Director's interests in contracts
| Detail of contract | NA |
|---|---|
| Nature of interest | NA |
| Name of registered holder(if issued securities) | NA |
| No. and class of securities towhich interest relates | NA |
+ See chapter 19 for defined terms.