XXXX DIRECTORS’ REPORT
FOR THE FINANCIAL YEAR ENDED 30 JUNE 2021
Directors’ Interests The relevant interest of each Director in the shares of the Company are:
Principal Activities During the year, the principal activities of entities within the GVGL group were to offer to supply Member/ shareholders services from a suite of multi-dimensional services. Members are both customers and shareholders of GVGL. Irrespective of the numbers of shares held, each member/ shareholder has one vote on matters reserved for shareholders. A suite of services are offered to the member/ shareholder and are referred to as the MVP (member value proposition). MVP services include: an experienced national buying & category management team: centrally negotiating on behalf of all member/shareholders to deliver the best possible pricing with maximum flexibility; a national distribution centre (DC) staffed with a dedicated logistics team of supply chain experts offering products from over 200 suppliers across approximately 4,000 SKUs; providing a centralised one-payment service to member/shareholders on the DC products supplied; access to private-label products and other exclusive ranges to the health food channel; support from an experienced multi-channel marketing team to drive customer awareness of the brand nationally and to support local marketing efforts; an e-commerce solution that broadens Go Vita’s brand awareness and customer base and shares profits with the member/shareholders; advice on leasing and shop refit plans as well as liaison with member organisations like the National Retail Association and Complementary Medicines Association on legislative changes (invaluable during the FY21 financial year with the ever-evolving
Member Shares
Clinton Hayes
–
Harilaos Karabalis
200
John Bylicki
200
Aidan Wood
-
Alison Harris
2,000
Simon Becher
200
Patricia Ridsdale
-
Robert Peterson
-
Share options No options over issued shares or interests in the Company were granted during or since the end of the financial year and there were no options outstanding at the date of this report. Dividends and trading rebates There were no dividends paid to shareholders during the financial year. A trading rebate was paid totalling $198,587. Committee Membership As at the date of this report, the Group has an Audit and Risk Committee. Members acting on this committee at the date of this report were: John Bylicki (Chair), Clinton Hayes, Harilaos Karabalis, Patricia Ridsdale and Christopher Mobbs (Chris is a Go Vita Member but not a Director of the Company). As at the date of this report, the Group has a Sustainability Committee. Members acting on this committee at the date of this report were: Simon Becher (Chair), Clinton Hayes, Alison Harris and Robert Peterson.
GO VITA GROUP LIMITED ANNUAL REPORT 2020-2021 I 31
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