Impelus : Annual Report to shareholders

For personal use only

ANNUAL REPORT 2022

IMPELUS LIMITED

ACN 089 805 416

For personal use only

Impelus Limited and Controlled Entities

Impelus Limited

Corporate Directory

DIRECTORS

Rodd Boland

Steven Hadjifotis

Paris Magdalinos

COMPANY SECRETARY

Madhukar Bhalla

A.C.N.

089 805 416

PRINCIPAL OFFICE & REGISTERED OFFICE

71 Furniss Road

Landsdale, WA 6065

SHARE REGISTRY

Advanced Share Registry Services

110 Stirling Highway

Nedlands, WA 6009

AUDITORS

MNSA Pty Ltd

Level 1, 283 George Street,

Sydney, NSW 2000

SECURITIES EXCHANGE LISTING

Australian Securities Exchange (ASX: IMS)

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For personal use only

Impelus Limited and Controlled Entities

Directors' Report

The directors of Impelus Limited (Company) and controlled entities ('Consolidated Group' or 'Group') present their report together with the financial statements of the Group, being the Company and its controlled entities, for the year ended 30 June 2022.

The names and particulars of the directors of the Company during or since the end of the financial year unless otherwise stated are:

Directors

Name	Particulars
Rodd Boland	Rodd is currently employed at KPMG Sydney, where he joined in 2014 as a
Non-Executive Chairman	specialist advisor, a role in which he sources family owned businesses in greater
appointed 12 October 2021	Sydney looking to partake in Mergers & Acquisition activities in the mid markets.
	Rodd has previously sat on 2 ASX boards prior to joining IMS and Rodd brings a
	wealth of experience with his knowledge of the equity & debt capital markets,
	compliance, finance & operations to the IMS Board.
	Rodd graduated from the University of NSW with a B.Com (Bachelor of
	Commerce) at UNSW in Sydney, before completing his MBA (Masters of Business
	Administration) at the University of Notre Dame in South Bend, Indiana, USA.
Interest in shares & options	9,900,000 ordinary shares and nil options.
Special responsibilities	Compliance & Audit Committees
Directorships held in other listed	Nil
entities during the three years
prior to the current year
Paris Magdalinos	Paris Magdalinos has spent the last 14 years in Capital Markets working as a
Non-Executive Director	Stockbroker for some of Australasia's most venerable broking institutions. In
appointed 01 December 2021	recent times Paris has directed his energies to raising capital for small cap
	Australian companies using his networks and reputation for integrity and
	innovation to create value for his clients.
Interest in shares & options	10,102,041 ordinary shares and nil options.
Special responsibilities	Compliance & Audit Committees
	New Business Opportunities
Directorships held in other listed	Nil
entities during the three years
prior to the current year
Steven Hadjifotis	Steven Hadjifotis brings over 15 years of experience in directing roles for private
Non-Executive Director	enterprise. Steven is a member of the AICD and brings valuable experience in
appointed 01 December 2021	operations and capital markets to the IMS team.
	Steven is currently the Non-Executive Chair for Cavendish Renewable Technology
Interest in shares & options	10,102,041 ordinary shares and nil options.
Special responsibilities	Compliance & Audit Committees
Directorships held in other listed	Nil
entities during the three years
prior to the current year

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Impelus Limited and Controlled Entities

Directors

only	Name	Particulars
Brendan Birthistle	Mr Birthistle has significant and substantial strategic and operational experience.
Independent chairman	Early in his career, he worked as a management consultant with WD Scott, and as
Non-executive director	a Corporate Planner for ICL Australia (International Computers) and Wormald
appointed 04 December 2018.	International Limited. As a CEO of Raynors (a subsidiary of Adelaide Steamships),
Resigned 17 November 2021	he and the enthusiastic management team successfully transformed what was a
	moribund company.
	Brendan operated his boutique financial planning organisation, Connaught
	Consultants, for over 30 years (1984 to 2015). To achieve a better deal for
	Australian shareholders, he served the Australian Shareholders' Association
use		serving as Chairman for 3 years in the early Nineties. In 2003 he was elected as a
	Director of CCI a small struggling listed coal testing company and was partly
	instrumental in the turn-around of the Company and its eventual sale. Investors
	were rewarded with a four-fold increase in their original investment.
	For the past ten years, Brendan has concentrated on investing mainly in listed
	micro-cap companies. He presently owns shares in over 60 companies mainly
	technical and digital in nature. This experience has proved enjoyable, educational
	and highly profitable. He is also a director of 3 successful private companies and
	The Eolas Foundation a charitable trust.
personal		Brendan's educational qualifications include an MBA (University of California, Los
	Angeles, B.Sc. (Hons) from University College, Dublin, a BA (UNSW), and a Diploma
		of Jurisprudence (University of Sydney).
	Interest in shares & options	270,093,204 ordinary shares and nil options as at date of resignation.
	Special responsibilities	Mr. Birthistle was a member of the audit committee, the nomination and
		remuneration committee.
	Directorships held in other listed	Nil.
	entities during the three years
	prior to the current year
	David Andrew Haines	A director of the Company since May 2001. Mr. Haines holds a Bachelor of
	Independent	Education degree and was Secretary to the Standing Committee of
	Non-executive director	Commonwealth, State and Territory Ministers with Censorship Responsibilities
	Interim Chairman	(1988 to 1994), Deputy Chief Censor, Australian Film Censorship Board (1986 to
	from 9 November 2018 to 30	1994) and Member of the Australian Film Censorship Board (1981-1994).
	November 2018
	Resigned 17 November 2021
For	Interest in shares & options	565,000 ordinary shares and nil options as at date of resignation.
Special responsibilities	Mr. Haines was chair of the audit committee and a member of the nomination and
		remuneration committee.
	Directorships held in other listed	Nil.
	entities during the three years
	prior to the current year

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Impelus Limited and Controlled Entities

Company Secretary

	Name	Particulars
only	Madhukar Bhalla	Mr Bhalla is an experienced company secretary who has previously worked with
Company secretary	multiple ASX-listed companies and is proficient in corporate governance, company
Appointed 25 November 2021	administration, financial management, and corporate law. Mr Bhalla also has
	significant business and management experience having previous job titles
	including general manager and corporate administrator.
Interest in shares & options	Nil.
Brendan Birthistle
Company secretary
Appointed 21 May 2021
For personal use	Resigned 17 November 2021
Interest in shares & options	270,093,204 ordinary shares and nil options at date of resignation.

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