CLEAN SEAS TUNA LTD Australien

Kosmonova buran  

http://www.cleanseas.com.au/main/investor-information/prospectus.html GrB  

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 First profit since 2006/07, achieved one year earlier than previously expected
 Both a statutory and an underlying profit
 Yellowtail Kingfish growth performance exceeded expectation
 Further demonstration of viable business model based on Hiramasa Yellowtail Kingfish
 Successful Share Purchase Plan raised $9m at 3.2 cents in November / December 2013
 Continued net positive cash position, no net debt
 571 tonnes sold and year end biomass of 1,300 tonnes to facilitate 2014/15 sales growth
 Receipt of $6.2m R&D tax incentive refund for 2012/13 (recognised in 2013/14 accounts)
http://www.cleanseas.com.au/uploads/pdfs/...20%25202014%2520Final.pdf  

Reconciliation: Statutory result to Underlying result
2014 2013
$,000 $,000
Statutory net profit / (loss) for the year after tax 11,145 (34,457)
Add / (deduct):
R&D Tax incentive (6,156) -
Capital raising tax expense 219
Ausindustry Commercial Ready Grant (3,953) -
Asset impairment - 29,813
Underlying profit / (loss) for the year before tax 1,255 (4,644)
http://www.cleanseas.com.au/uploads/pdfs/...20%25202014%2520Final.pdf  

$’million FY14 FY13
Sales Revenue 10.4 15.0
Other Revenue 4.0 0.5
SGARA Gain / (Loss) 10.6 (1.2)
Operating Expenses (18.6) (17.4)
Impairment 0.0 (29.8)
EBITDA 6.4 (32.9)
Depreciation & Amortisation (1.5) (1.6)
Interest 0.3 0.1
Tax 5.9 0.0
Profit After Tax 11.1 (34.4)
http://www.cleanseas.com.au/uploads/pdfs/...20%25202014%2520Final.pdf  

$’million June 2014 June 2013
Cash 9.9 5.2
Live Fish 17.2 6.7
Property, Plant & Equipment 13.3 13.0
Other Assets 5.5 4.3
Total Assets 45.9 29.2
Creditors and Provisions 2.2 1.8
Debt 0.1 0.2
Other Liabilities 0.0 3.9
Total Liabilities 2.3 5.9
Net Assets 43.6 23.3
http://www.cleanseas.com.au/uploads/pdfs/...20%25202014%2520Final.pdf  

Paul Steere – Chairman (Joined 2010, appointed Chairman May 2012)
15 years as MD of New Zealand King Salmon from 1994 to December 2009. New Zealand King Salmon is the
leading aquaculture company in NZ and the largest Chinook salmon farmer globally, with an international
reputation for quality, service, process/product innovation and professionalism.
Craig Foster – Chief Executive Officer (January 2012)
Appointed in January 2012. Experienced CEO, aquaculturist, veterinarian and fish nutritionist since 1986.
Former MD of Skretting in Australia, a major aquaculture feed producer. Previous experience in the Salmon and
Barramundi industries.
Hagen Stehr AO – Non Executive Director (2000)
Founding Director with extensive knowledge of and experience in the fishing and aquaculture industries, having
been involved in the tuna industry in Australia since 1960. A Director of Australian Tuna Fisheries Pty Ltd and
leadership roles in a number of industry Associations.
Nick Burrows – Non Executive Director (April 2012)
Former CFO and Company Secretary of Tassal Group Limited, retired in 2009 after 21 years with Tassal. Thirty
years senior experience with listed entities and private companies in corporate compliance, financial and
treasury operations and senior strategic input.
Marcus Stehr – Non Executive Director (2000)
Marcus has accumulated 24 years of hands on experience in marine finfish aquaculture operations
encompassing Tuna, Kingfish and Mulloway. A Director of Australian Tuna Fisheries Pty Ltd and leadership roles
in a number of industry Associations.
http://www.cleanseas.com.au/uploads/pdfs/...022%20%202014%20Final.pdf  

Ordinary Shares 1,105m 802m
Average Monthly Volume 111m 49m
Cash at 30 June $9.9m $5.2m
Debt at 30 June $0.1m $0.2m
NTA per Share at 30 June 3.9 cents 2.9 cents
http://www.cleanseas.com.au/uploads/pdfs/...20%25202014%2520Final.pdf  

Australian Tuna Fisheries Pty Ltd (incl associates) 9.1%
JP Morgan Nominees 5.0%
HSBC Custody Nominees 2.5%
Top 20 shareholders hold 26.3%
http://www.cleanseas.com.au/uploads/pdfs/...20%25202014%2520Final.pdf  

Expanding production volumes of Kingfish
 Market development for Kingfish
 Upgrading management in preparation for expansion
 Production system improvements and cost reductions
 Evaluate growout locations for expanded production
 Ongoing R&D to improve business performance
http://www.cleanseas.com.au/uploads/pdfs/...20%25202014%2520Final.pdf  

 Overview of Current Operations and Priorities
 Financial and Corporate Governance Overview
 Highlights from FY14
 Outlook and Planned Future Developments
 Video – Chef Endorsement of Hiramasa Kingfish
 Questions
http://www.cleanseas.com.au/uploads/pdfs/...20%25202014%2520Final.pdf  

 Craig Foster – Chief Executive
http://www.cleanseas.com.au/uploads/pdfs/...20%25202014%2520Final.pdf  

http://www.cleanseas.com.au/uploads/pdfs/...20%25202014%2520Final.pdf GrB  

http://www.cleanseas.com.au/uploads/pdfs/...20%25202014%2520Final.pdf GrB  

Australian Securities Exchange Limited
RESULTS OF ANNUAL GENERAL MEETING
http://www.cleanseas.com.au/uploads/pdfs/...lts_of_AGM_1_Oct_2014.pdf  

resolutions contained in the Notice of Meeting dated 25 August 2014 and put to the shareholders at the Annual General Meeting held in
Adelaide at 10:00 am today were approved by shareholders on a show of hands, with
unanimous support from shareholders present at the meeting http://www.cleanseas.com.au/uploads/pdfs/...lts_of_AGM_1_Oct_2014.pdf  

In accordance with Section 251AA(1) of the Corporations Act, the following is provided to the
Australian Securities Exchange in relation to the resolutions considered by the members of
Clean Seas Tuna Limited at its Annual General Meeting held on 1 October 2014.
The specific voting preferences indicated by 313 valid proxies holding 192,044,900 ordinary
shares who had directed their voting preference or had left their voting preference open at the
proxy’s discretion were as follows: http://www.cleanseas.com.au/uploads/pdfs/...lts_of_AGM_1_Oct_2014.pdf  

For Against Abstain Open Open No
Instruction
Total
Resolution 1
Adoption of
remuneration report
66,281,758 1,578,366 112,699,215 11,346,714 138,847 192,044,900
Resolution 2
Re-Elect Marcus Stehr 175,009,068 804,146 4,751,405 11,341,434 138,847 192,044,900
Resolution 3
Adopt new Constitution 174,970,446 390,327 4,988,166 11,557,114 138,847 192,044,900
http://www.cleanseas.com.au/uploads/pdfs/...lts_of_AGM_1_Oct_2014.pdf  

Resolution 1 – Adoption of the remuneration report had 66,281,758 votes in favour and
11,346,714 open votes eligible to be voted in favour by the Chair. This represents 98.0% of
votes cast being in favour of the resolution.
Resolution 3 – This special resolution to adopt a new Constitution had 174,970,446 votes in
favour and 11,557,114 open votes eligible to be voted in favour by the Chair. This represents
99.8% of votes being cast in favour of the resolution, which being a special resolution required
75% to be approved. http://www.cleanseas.com.au/uploads/pdfs/...lts_of_AGM_1_Oct_2014.pdf  

The presentations made by the Chairman, Paul Steere and the Chief Executive, Craig Foster
have been lodged with the ASX.
Presentation
Wayne Materne
Company Secretary
http://www.cleanseas.com.au/uploads/pdfs/...lts_of_AGM_1_Oct_2014.pdf  

http://www.cleanseas.com.au/main/...nformation/share-reg-service.html GrB