In the latest response to ASX query: ** - Payments for these costs were disclosed in the last five quarterly reports in “6 - Payments to directors of the entityand their associates” and relates to payments to Princebrook Pty Ltd. Princebrook Pty Ltd is not a related party of theentity or an associate of the directors of the entity in accordance with LR19.12 and the Corporations Act 2001.Princebrook Pty Ltd provides the Company Secretary/CFO, book keeper services, secretarial services, receptionistservices, offices (rent), internet, IT infrastructure & telephone services.
And this from the 2015 Annual Report: (a) This officer (Aaron Gates) is provided by Princebrook Pty Ltd (a company in which Mr Gregory H Solomon and Mr Douglas HSolomon have an interest) under the Management services Agreement with the Company. During the year theCompany paid $194,670 (2014: $194,670) to Princebrook Pty Ltd for management services.
Can someone explain? Do the directors have an interest in Princebrook or not?
