216 Balcatta Rd, Balcatta Western Australia, 6021‌‌

PO Box 1262, Osborne Park Western Australia 6916

Tel: +61 (0) 8 9445 4010

Fax: +61 (0) 8 9445 4042

imdex@imdexlimited.com www.imdexlimited.com ABN 78 008 947 813

21 August 2017 ASX Limited

Company Announcements Office Exchange Centre

20 Bridge Street

SYDNEY NSW 2001

BY ELECTRONIC LODGEMENT

Dear Sir/Madam

ASX APPENDIX 4E, 4G AND FINANCIAL REPORT FOR THE YEAR ENDED 30 JUNE 2017

Please find attached Imdex Limited's Appendix 4E and audited Financial Report for the Year Ended 30 June 2017. Also attached is the requisite Appendix 4G.

The audited Annual Report, which will include the Financial Report, for the Year Ended 30 June 2017 together with the Notice of Annual General Meeting is expected to be mailed to those shareholders who have requested a hardcopy in September 2017.

Yours faithfully

Imdex Limited Paul Evans

Company Secretary

The Directors of Imdex Limited ("Imdex" or "the Company") present their report together with the annual Financial Report of the Company and its Subsidiaries ("the Group") for the financial year ended 30 June 2017.

In order to comply with the provisions of the Corporations Act 2001, the Directors report as follows:

Directors

The names and particulars of the Directors of the Company during or since the end of the financial year are:

Name

Role

Particulars

Mr A Wooles (Appointed 1 July

2016)

Non Executive Chairman

  • Corporate Advisor and Executive

  • Appointed Director and Chairman on 1 July 2016

  • Chairman of the Remuneration Committee from 19 August 2016

  • Member of the Audit, Risk and Compliance Committee

  • Has held executive and advisory roles in diverse industries including mining, oil and gas, power generation, manufacturing, telecommunications, food and beverages and retail

  • Non Executive Chairman of High Peak Royalties Limited (2012 - current) and Bhagwan Marine Pty Ltd (2011 - current)

Mr B W Ridgeway

Managing Director

  • Chartered Accountant

  • Director since 23 May 2000

  • Over 26 years experience with public and private companies as owner, director and manager

  • Member of the Institute of Chartered Accountants in Australia and New Zealand and Australian Institute of Company Directors

  • Non Executive director of Sino Gas and Energy Holdings Ltd (2007- Current)

Mr K A Dundo

Independent, Non Executive Director

  • Lawyer

  • Member of the Remuneration Committee and Audit, Risk and Compliance Committee

  • Director since 14 January 2004

  • Non Executive Director of Red 5 Limited (2010 - Current), Cash Converters International Limited (2015 - Current)

Ms S Layman (Appointed 6

February 2017)

Independent, Non Executive Director

  • Engineer and Certified Practicing Accountant

  • Appointed as a Director on 6 February 2017

  • Chair of the Audit, Risk and Compliance Committee

  • Member of the Australian Institute of Company Directors, the Australian Financial Markets Association and CPA Australia

  • Extensive experience within the mining sector and financial markets with significant international and cross commodity experience

  • Previously Division Director - Metals & Energy Capital Division at Macquarie Bank Limited and currently Director of Gascoyne Resources Limited (June 2017 - current)

Ms E Donaghey (Resigned 25

November 2016)

Independent, Non Executive Director

  • Civil Engineer

  • Director since 28 October 2009

  • Member of the Audit, Risk and Compliance Committee from 14 December 2009

  • Member of the Remuneration Committee from 14 December 2009 and appointed as Chairperson of the Remuneration Committee on 9 July 2015

  • Previously held a range of commercial and senior management positions in Woodside Petroleum and BHP Petroleum

  • Non Executive Director of St Barbara Limited (2011 - 2014)

Mr I Gustavino

Independent, Non Executive Director

  • Corporate Advisor

  • Appointed as a Director on 3 July 2015

  • Member of the Remuneration Committee from 9 July 2015

  • Prior to his role as a corporate advisor, Mr. Gustavino was a co-founding shareholder and Director of Surpac Software, now Dassault Systèmes GEOVIA Inc.

Mr J Hegyi (Resigned 21 July

2016)

Independent, Non Executive Director

  • Investment Manager

  • Appointed as a Director on 1 December 2015

  • Partner and co-founder of Iron Compass LLC, an investment management company in the USA

  • Previously served as a Director of numerous companies in diverse industries including telecommunications, media and financial services

Directors' Meetings

The following table sets out the number of Directors' meetings (including meetings of committees of Directors) held during the financial year and the number of meetings attended by each Director (while they were a Director or committee member).

Board of Directors (Number)

Audit, Risk and Compliance Committee (Number)

Remuneration Committee (Number)

Held

Attended

Held

Attended

Held

Attended

A Wooles

9

9

3

3

2

2

B W Ridgeway

9

9

-

-

-

-

K A Dundo

9

9

3

3

4

4

S Layman

3

3

2

2

-

-

E Donaghey

5

5

-

-

3

3

I Gustavino

9

9

-

-

4

4

Company Secretary

Mr P A Evans

Mr Evans, a Chartered Accountant, joined Imdex Limited on 17 October 2006. After leaving professional practice he worked in a range of commercial and financial roles in the media, manufacturing and telecommunications industries. Mr Evans is a Fellow of the Institute of Chartered Accountants in Australia and New Zealand.

Remuneration Report

1. Non Executive Directors

Remuneration policy

The Board seeks the approval of Shareholders in relation to the aggregate of Non Executive Directors' remuneration and any options and performance rights that may be granted to Directors. The remuneration for Non Executive Directors is reviewed from time to time, with due regard to current market rates. The cash remuneration of Non Executive Directors is not linked to the Company's performance in order to preserve independence. Other than statutory superannuation, no Non Executive Director is entitled to any additional benefits on retirement from the Company.

Management of the Company believes that in order to retain quality Non Executive Directors on the Board, some incentive to maintain their future involvement, commitment and loyalty to the Company is required on certain occasions over and above nominal Directors' fees. No Director received a payment during the current or prior years as consideration for agreeing to hold the relevant position.

The maximum total remuneration payable to Non Executive Directors was approved by Shareholders at the 2015 Annual General Meeting and is currently $700,000. In the current year remuneration to Non Executive Directors totalled $453,280, including statutory superannuation. The Board determines the apportionment of Directors' fees between each Director.

No options were issued to, granted to or exercised by Directors in the current financial year.

  1. Mr A Wooles, Non Executive Chairman

    Equity holdings

    Type

    30-Jun-16

    Movements

    30-Jun-17

    Granted as compensation

    Received on

    exercise of options

    Purchased / (Sold)

    Directly

    -

    -

    -

    -

    -

    Indirectly

    -

    -

    -

    1,818,183

    1,818,183

    Total

    -

    -

    -

    1,818,183

    1,818,183

    Type

    30-Jun-15

    Movements

    30-Jun-16

    Granted as compensation

    Received on

    exercise of options

    Purchased / (Sold)

    Directly

    -

    -

    -

    -

    -

    Indirectly

    -

    -

    -

    -

    -

    Total

    -

    -

    -

    -

    -

  2. Mr K A Dundo, Independent, Non Executive Director

Equity holdings

Type

30-Jun-16

Movements

30-Jun-17

Granted as compensation

Received on

exercise of options

Purchased / (Sold)

Directly

-

-

-

-

-

Indirectly

150,000

-

-

54,546

204,546

Total

150,000

-

-

54,546

204,546

Type

30-Jun-15

Movements

30-Jun-16

Granted as compensation

Received on

exercise of options

Purchased / (Sold)

Directly

-

-

-

-

-

Indirectly

150,000

-

-

-

150,000

Total

150,000

-

-

-

150,000

Other transactions with Key Management Personnel (and their related parties) of Imdex Limited

(a) Mr K A Dundo was a Partner of the legal firm HopgoodGanim as at 30 June 2017, but is no longer a partner of HopgoodGanim. The legal services provided by HopgoodGanim to the Imdex Group were on normal commercial terms and conditions.

Transactions with Directors

Profit from ordinary activities before income tax includes the following items of income and expenses relating to transactions, other than compensation, with Directors or their related entities:

Legal services expense

2017 2016 $ $

198,375 280,935

Total assets and liabilities arising from transactions, other than compensation, with Directors or their related entities:

Current Liabilities - -

Imdex Limited published this content on 20 August 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 20 August 2017 22:47:01 UTC.

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