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Governance

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Corporate

Governance Report

Ascencia Limited (‘Ascencia’ or the ‘Company’) is presently listed on the Official List of The Stock Exchange of Mauritius Ltd (SEM). The Company is also a public interest entity and is required to apply the eight principles of The National Code of Corporate Governance for Mauritius (2016) (the ‘Code’).

The timing of this Corporate Governance report coincides with the ongoing COVID-19 pandemic and you will have read in the leadership review report about the actions taken by the Company to withstand this crisis.

The Board’s collective values, experience and diversity have been crucial during these challenging times to guide the business through the crisis and beyond. Recognising the scale of the impact of COVID-19 and the ongoing significant levels of uncertainty, the Board had examined the fundamentals of the way Ascencia operates, challenged its assumptions and tested its beliefs, to find its optimum structure for the long term.

This year, besides it’s normal agenda, the Board focused on the following key matters:

  • The approval of the Bond Programme amounting in total to Rs 2.5 bn;
  • The migration of Ascencia to the Official List of The Stock Exchange of Mauritius Ltd;
  • The acceleration of the Company’s progress on its sustainability commitments through LEED certification for its malls, starting with Phoenix Mall as a pilot project; and
  • The introduction of Ascencia on the SEM Sustainability Index. 
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Board of Directors

Directors Profile

    Corporate Information

    Board of Directors

    (as at 30 June 2021)

    • ESPITALIER-NOËL, Philippe
      Chairman and Non-Executive Director
    • BISSESSUR, Shreekantsingh
      Non-Executive Director
    • BOSHOFF, Armond
      Non-Executive Director
    • ESPITALIER-NOËL, Hector
      Non-Executive Director
    • GALEA, Dominique
      Independent Director
    • LAM KIN TENG, Dean
      Independent Director
    • MAMET, Damien
      Non-Executive Director
    • PASCAL, Pierre-Yves
      Independent Director
    • VACHER, Belinda
      Fund Manager and Executive Director
    • TYACK, Frédéric
      Chief Executive Officer and Executive Director
    • VEERASAMY, Naderasen Pillay
      Independent Director
    • BOYRAMBOLI, Bojrazsingh
      Independent Director

    Company Secretary

    AH LIN, Sharon

    Management

    Rogers and Company Limited - Fund Manager
    EnAtt Ltd - Property and Asset Manager

    Auditors

    Messrs Ernst & Young

    Registrar and Transfer Agent Services

    MCB Registry & Securities Ltd
    Raymond Lamusse Building
    9-11, Sir William Newton Street, Port Louis

    Bond Representative

    Swan General Ltd
    Swan Centre
    10, Intendance Street, Port Louis

    Statement of Compliance

    Name of Public Interest Entity (PIE): ASCENCIA LIMITED

    Reporting Period: 01 July 2020 - 30 June 2021


    Throughout the year ended 30 June 2021, to the best of the Board's knowledge, Ascencia Limited has complied with the Corporate Governance Code for Mauritius (2016).

    Ascencia Limited has applied all of the principles set out in the Code and explained how these principles have been applied.

    Signed by:

    Philippe Espitalier-Noël
    Chairman

    29 September 2021

    Frédéric Tyack
    CEO & Director

    Secretary's Certificate

    UNDER SECTION 166(d) OF THE COMPANIES ACT 2001

    In my capacity as Company Secretary of ASCENCIA LIMITED (the 'Company'), I hereby confirm that, to the best of my knowledge and belief, the Company has filed with the Registrar of Companies, for the financial year ended 30 June 2021, all such returns as are required of the Company under the Companies Act 2001.

    Sharon Ah-Lin
    Company Secretary

    29 September 2021

    Download Annual Report 2021
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