IGO Annual Report 2015

DIRECTORS’ REPORT

66 Independence Group NL

Directors' report

30 June 2015

Your Directors present their report on the consolidated entity (referred to hereafter as the Group) consisting of

Independence Group NL (referred to hereafter as the Company) and the entities it controlled at the end of, or during, the

year ended 30 June 2015.

Directors

The following persons held office as Directors of Independence Group NL during the whole of the financial year and up

to the date of this report, unless otherwise noted:

Peter Bilbe

Peter Bradford

Peter Buck

Geoffrey Clifford

Rod Marston

Kelly Ross

Keith Spence

Peter Buck and Keith Spence were appointed as Non-executive Directors on 3 October 2014 and 17 December 2014

respectively and continue in office at the date of this report.

Rod Marston was a Non-executive Director from the beginning of the financial year until his retirement on 20 November

2014.

Kelly Ross was a Non-executive Director from the beginning of the financial year until her retirement on 24 December

2014.

Principal activities

The principal activities of the Group during the financial year were non-operator gold mining from the Company’s 30%

interest in the Tropicana gold mine, nickel mining at the Long Operation, zinc and by-product mining at the Jaguar

Operations and ongoing mineral exploration.

Dividends - Independence Group NL

Dividends paid to members during the financial year were as follows:

2015

$'000

2014

$'000

Final ordinary dividend for the year ended 30 June 2014 of 5 cents (2013: 1 cent) per

fully paid share

11,713

2,333

Interim ordinary dividend for the year ended 30 June 2015 of 6 cents (2014: 3 cents)

per fully paid share

14,055

7,000

25,768

9,333

In addition to the above dividends, since the end of the financial year the Company has announced the establishment of

a final dividend pool of $13,000,000. The record date for this final dividend is expected to be no later than 30 September

2015. The final dividend will be fully franked.

Operating and financial review

Independence Group NL is a company listed on the Australian Securities Exchange (ASX:IGO). The Company has

been listed on the ASX since 17 January 2002, having traded as Independence Gold NL from 17 January 2002 to 19

December 2003.

Independence Group NL