420bd0c0-9d19-4dab-822f-7ae22f58d5dd.pdf
OM HOLDINGS LIMITED
(ARBN 081 028 337)
No. of Pages Lodged: 2 - Covering pages
78 - Audited Financial Statement - 31 December 2015
31 March 2016
ASX Market Announcements ASX Limited
4th Floor
20 Bridge Street
SYDNEY NSW 2000
Dear Sir/Madam
AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2015
Pursuant to the Corporations Act 2001 and the ASX Listing Rule 4.5, please find attached the audited Financial Statements and Reports for the year ended 31 December 2015.
The 2015 Annual Report (including the Financial Statements and Reports) will be dispatched to Shareholders who have requested a copy by Friday, 29 April 2016.
Yours faithfully
OM HOLDINGS LIMITED
Heng Siow Kwee/Julie Wolseley
Company Secretary
#08 - 08, Parkway Parade 1
80 Marine Parade Road, 449269 Singapore
Tel: 65-6346 5515 Fax: 65-6342 2242
Email address: [email protected] Website: www.omholdingsltd.com ASX Code: OMH
BACKGROUND PROFILE OF OM HOLDINGS LIMITED
OMH Holdings Limited (OMH) was listed on the ASX in March 1998 and has its foundations in metals trading - incorporating the sourcing and distribution of manganese ore products.
OMH is involved in mining manganese product in Australia and South Africa and smelting in Sarawak, East Malaysia.
The smelter in Sarawak is 75% owned by OMH and physical construction of Phase 1 of the ferrosilicon production facility has been completed.
Having commenced construction in Q3 2012, first tapping was achieved on 22 September 2014. The facilities' capacity of 308,000 tonnes per annum will make it one of the largest ferrosilicon smelters in the world. Manganese Alloy production is under review and is expected to commence in 2016.
OMH, through a wholly owned subsidiary, owns the Bootu Creek manganese mine in the Northern Territory. This mine has the capacity to produce up to 1,000,000 tonnes of manganese product per annum.
OMH also owns a 26% investment in Main Street 774 (Pty) Limited, which, in turn owns 50.1% interest in the world class Tshipi Borwa ("Tshipi") manganese mine in South Africa. This mine has the capacity to produce up to 2,400,000 tonnes of manganese product per annum when the permanent processing plant is completed.
The manganese products of Bootu Creek, and those from Tshipi, are exclusively marketed through the OMH's trading division and OM Tshipi Pte Ltd (33.33% owned) respectively. Through all these activities OMH has established itself as a significant manganese supplier to the global market.
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Financial statements OM Holdings Limited and its subsidiaries
31 December 2015
Company information
Company registration number
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ARBN 081 028 337
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Registered office
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Clarendon House 2 Church Street
Hamilton, HM11 Bermuda
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Directors
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Low Ngee Tong (Executive Chairman)
Zainul Abidin Rasheed (Independent Deputy Chairman)
Julie Anne Wolseley (Non-Executive Director and Joint Company Secretary)
Tan Peng Chin (Independent Non-Executive Director)
Thomas Teo Liang Huat (Independent Non-Executive Director) Peter Church OAM (Independent Non-Executive Director)
Ivo Philipps (Non-Executive Director)
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Audit committee
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Thomas Teo Liang Huat (Chairman) Julie Anne Wolseley
Zainul Abidin Rasheed Peter Church OAM
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Remuneration committee
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Tan Peng Chin (Chairman) Julie Anne Wolseley Zainul Abidin Rasheed Thomas Teo Liang Huat
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Secretaries
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Heng Siow Kwee Julie Anne Wolseley
I.S. Outerbridge Lo Chi Man
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Bankers
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National Australia Bank Ltd Standard Chartered Bank Credit Suisse AG
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Independent auditor
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Foo Kon Tan LLP Public Accountants and Chartered Accountants 47 Hill Street #05-01
Singapore Chinese Chamber of Commerce & Industry Building Singapore 179365
Partner in charge: Mr Ong Soo Ann (since financial year 31 December 2011)
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