FUND PERFORMANCE

Katana Capital Limited (ASX code KAT) is a listed investment company (LIC) which is managed by Katana Asset Management Ltd (AFS License Number 288412). KAT was listed on the Australian Stock Exchange (ASX) in December 2005.

Katana Asset Management Ltd was established in September 2003 and is led by experienced investment advisers Romano Sala Tenna, Brad Shallard, Matthew Ward, Stephen Thomas & Giuliano Sala Tenna.

How to Invest

Katana Capital Limited trades on the Australian Stock Exchange in the same manner as any other listed company. Our shares can be purchased through any stockbroker with the stock exchange code KAT.

The Company does not charge entry or exit fees when shareholders acquire or dispose of their holdings, although transaction costs will be borne by the investor when buying or selling through a stockbroker.

Board of Directors

Dalton
Gooding

BBus (Acc), FCA

Non Executive Chairman

Dalton Gooding is a Fellow of the Institute of Chartered Accountants in Australia and he is the Managing Partner of Gooding Partners, which was established in 1998 after 14 years as a partner at Ernst and Young and has over 30 years experience in business advisory and corporate finance related services.

Mr Gooding also has a number of other directorships of companies in many different segments of business including:

  • Briety Ltd (Chairman)
  • AWH Corporation Ltd (Chairman)
  • Avita Medical Ltd (Chairman)
  • SIPA Resources Ltd

Peter
Wallace

SF Fin FAICD AFAIM

Non-Executive Director

Prior to his retirement in 2007 Mr. Wallace was the Head of Corporate (Western Australia) for Bell Potter Securities Ltd, Australia’s largest retail broking house.

Mr Wallace has also previously held senior executive positions with Challenge Bank Limited including Chief Operating Officer and Chief Credit Officer roles. He held numerous directorships in Companies controlled by Challenge Bank Ltd including those holding the Bank’s Securities Dealers License (the R.E. for Financial Advisory activities) as well as a joint venture payments business with the U.S. banking group Chase Manhattan.

Mr Wallace is currently a director of HBF Health Funds Incorporated, and Chairman of Icon Engineering Pty Ltd. He is also a Director of BRW Consulting Services Pty Ltd and holder of an AFS License.

He is a Senior Fellow of the Financial Services Institute of Australia, a Fellow of the Australian Institute of Company Directors and an Associate Fellow of the Australian Institute of Management.

Mr Wallace brings to the Company 42 years in the Banking and Finance industry with experience gained in all aspects of debt and equity raising.

Giuliano
Sala Tenna

BBus (Distinctions), FFIN, GAICD

Non-Executive Director

Giuliano Sala Tenna has worked in the Finance Industry for over 15 years in various fields including Credit, Business Development, Product Structuring, Funds Management, Investment Management and Corporate Advisory.

Mr Sala Tenna has completed a Bachelor of Commerce degree at Curtin University of Technology with a double major in Economics and Finance (With Distinctions). Giuliano has also completed the Graduate Diploma in Financial Planning at the Securities Institute of Australia, the Company Directors Course at the Australian Institute of Company Directors and is an ASX Derivatives Accredited Adviser.

Mr Sala Tenna is a Member of the Golden Key National Honour Society, Fellow of FINSIA and a Graduate Member of the Australian Institute of Company Directors. He is regularly quoted in the West Australian, Sunday Times and Australian Financial Review alongside appearing on the ABC News and Business Program.

Gabriel
Chiappini

Company Secretary

Mr Chiappini is a Chartered Accountant and member of the Australian Institute of Company Directors with over 19 years’ experience in the commercial sector. Over the last 14 years Gabriel has held positions of Director, Company Secretary and Chief Financial Officer in public and private companies with operations in Australia, the United Kingdom and the United States. He has assisted a number of companies to list on the ASX and been involved with equity raisings exceeding AUD $300 million. Gabriel has a sound understanding of the ASX Listing Rules and in-depth knowledge of the Corporations Act.

Mr Chiappini currently managers his own consulting firm specialising in providing Director, company secretarial, corporate governance and investor relation’s services. He currently acts as a Director and Company Secretary for several companies listed on the ASX. Gabriel is currently a director at Sunbird Energy (ASX.SNY), Global Geoscience Limited (ASX.GSC), Scotgold Resources Limited (ASX.SGZ) and Black Rock Mining (ASX.BKT).

Corporate Governance


Independent Board

The Board is responsible for guiding and monitoring Katana Capital Limited on behalf of the members who elected them and to whom they are accountable.

The primary roles of the Board are:

  • appointing and monitoring the performance of the Manager, to whom the Board has delegated the operation and administration of the Portfolio pursuant to the Management Agreement;
  • establish and monitor strategic direction, financial plans and performance objectives in accordance with the Management Agreement;
  • ensuring the Company complies with its responsibilities under the Corporations Act, the ASX Listing Rules, the Company’s Constitution and other relevant laws;
  • monitoring business performance against agreed benchmarks;
  • ensuring the effectiveness of internal controls and business risk management;
  • participating in strategic planning; and
  • evaluating all members of the Board’s performance, reviewing and approving remuneration for Directors and selecting (and appointing where appropriate) new members of the Board.
Audit and Risk Management Committee

The Audit and Risk Management Committee will comprise 3 directors (the majority of which must be independent directors) and meet at least twice per year.

The Chairman of the Company is not eligible to be the Chair of the Audit and Risk Management Committee.

The primary roles of the Audit and Risk Management Committee are to set and review the:

    1. Company’s accounting policies;
    2. content of financial statements;
    3. internal controls applied to all of the Company’s procedures and activities;
    4. external audit (in respect of content, effectiveness and independence) and the

provision of any other services provided by the auditor to ensure auditor independence;

  1. risk management; and
  2. adherence to compliance issues and related matters.
Remuneration Committee

The role of a Remuneration Committee is to assist the Board in fulfilling its responsibilities in respect of establishing appropriate Remuneration and incentive polices for employees.

As the whole Board only consists of three members, the Company does not have an active Remuneration Committee because there will not be a more efficient mechanism than the full Board for considering these specific matters.

Shareholder communication

The Directors have adopted a Shareholder Communications Policy which aims to ensure that all Shareholders of the Company are kept informed of all material developments affecting the Company’s business in accordance with all applicable disclosure requirements. Information is communicated to Shareholders through the Annual General Meeting, Annual Report, half year and full year results announcements, formal disclosures to ASX and the Company’s website at www.katanaassetmanagement.com.au. The Annual General Meeting provides a particularly important forum for Shareholder participation in the Company’s activities.
Securities trading

The Company has a securities trading policy for Directors, executives and employees in relation to trading in Katana Capital’s shares.

The policy requires Directors, executives and employees to advise the chairperson if they intend to trade in securities in the Company and provides safeguards for both the Company and the individual with respect to securities trading.



Charters & Policies


Fees
From 1 July 2014, Katana Capital Ltd’s fee structure will be as follows:
– Management fee 1.0% pa
– Performance fee 15.0% (Based only on any out-performance greater than the All Ords Index)

Code of Conduct – Company’s Obligations to Stakeholders
Continuous Disclosure Policy
Securities Trading Policy for Directors, Executives and Employees
Shareholder Communication Policy
Dividend Reinvestment Plan