Directors’ report
The directors of Wattyl Limited present their report on the consolidated entity
consisting of Wattyl Limited (the company) and the entities it
controlled at the end of, or during, the year ended 30 June 2007.
Directors
The following persons were directors of the company during the whole of the financial year and up to the date of this report:
J.W. Ingram
J.D. Nolan
U.B. Meyerhans
M.R. Brown
P.E. Akopiantz
M.B. Luby was appointed as a non-executive director on 7 March 2007
D.J. Grady resigned as a director on 27 October 2006.
Information on directors is set out on page 17 of this Annual Report.
Directors’ shareholdings
Shares Options Performance Rights
J.W. Ingram 71,246 n/a n/a
J.D. Nolan 32,000 n/a n/a
U.B. Meyerhans 202,000 200,000 118,970
M.R. Brown 5,000 n/a n/a
P.E. Akopiantz 2,000 n/a n/a
M.B. Luby 2,000 n/a n/a
Principal activities
During the year the principal activities of the consolidated entity were the
manufacture and marketing of paints and other surface coatings.
There was no significant change in the nature of these activities during the
year.
Dividends – Wattyl Limited
2007
$’000
2006
$’000
Dividends paid to members during the financial year were as follows:
Final ordinary dividend for the year ended 30 June 2006
of 6 cents (2006 – 2 cents) per fully paid share paid on 22 September
2006
Final special dividend for the year ended 30 June 2006 of 40 cents (2006 – 5
cents)
per fully paid share paid on 15 September 2006
Interim ordinary dividend for the year ended 30 June 2007 of 8 cents (2006 – 8
cents)
per fully paid share paid on 30 March 2007
4,834
32,801
5,929
1,600
4,001
6,432
43,564 12,033
In addition to the above dividends, since the end of the financial year the
directors have recommended the payment of a final ordinary
dividend of $5,935,000 (7 cents per fully paid share) to be paid on 21 September
2007.
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