Professional Fax


4 December 2014
Page 1 of 1
ASX Limited
Company Announcements Office
Level 4, South Tower Rialto
525 Collins Street
MELBOURNE VIC 3000

HEAD OFFICE

Level 5, 390 St Kilda Rd

Melbourne VIC 3004

Tel: (03) 8844 4000

Fax: (03) 8844 4099

www.visioneyeinstitute.com.auinfo@visioneyeinstitute.com.au Vision Eye Institute Ltd

ABN 21 098 890 816

VISION EYE INSTITUTE LIMITED (ASX: VEI) DR MICHAEL WOOLDRIDGE

On 2 December 2014, the Federal Court delivered judgment against 5 former directors of Australian Property
Custodian Holdings Ltd including Dr Michael Wooldridge, a current director of Vision Eye Institute Limited (VEI).
Dr Wooldridge was disqualified from managing a company for a period of 2 years and 3 months and fined
$20,000, however the Federal Court has granted a stay of the orders in respect of these penalties until
23 December 2014. Dr Wooldridge has advised the VEI Board he intends to appeal the original liability judgment and seek a stay of the orders pending determination of the appeal.
The directors of VEI (with Dr Wooldridge as an abstention) have unanimously confirmed their support of
Dr Wooldridge remaining on the Board pending the outcome of the appeal. The VEI Board strongly believe the expertise and experience Dr Wooldridge brings to the Board has been and continues to be invaluable.
Yours sincerely
Karen Lopreiato
Company Secretary
Vision Eye Institute Limited
Media/investor enquiries:
Shane Tanner, Chairman on 0411 107 099

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