- Release Date: 12/10/12 18:49
- Summary: MEETING: SPN: South Port NZ Ltd - Amended Notice of Annual Meeting
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SPN 12/10/2012 16:49 MEETING REL: 1649 HRS South Port New Zealand Limited (NS) MEETING: SPN: South Port NZ Ltd - Amended Notice of Annual Meeting AMENDED NOTICE OF ANNUAL MEETING Notice is hereby given that the 24th Annual Meeting of the shareholders of South Port New Zealand Limited will be held in the South Port Board Room, Administration Building, Island Harbour, Bluff on Thursday, 1 November 2012 at 10.45 am Port Security - Please note for those attending, not only will a driver's licence ID be required to be presented at the security gate to gain access onto the South Port Island Harbour, but advance notice of the name/s of people wishing to attend is to be relayed by either phone or email. This is a mandatory requirement under the Maritime Security Regulations. BUSINESS 1 Financial Statements To receive and consider the Directors' Report, the Financial Statements, and the Auditor's Report for the year ended 30 June 2012. 2 Directors To elect two Directors. ? Mr R.G.M. Christie and Mr T.M. Foggo retire by rotation in accordance with the Company's Constitution. Mr Christie and Mr Foggo now offer themselves for re-election to the Board of Directors. In the Board's opinion Mr Christie and Mr Foggo would, if appointed as at the date of this Notice of Meeting, each be an Independent Director of the Company as defined in the NZSX Listing Rules. Director Profiles attached 3 Directors' Fees To consider and if thought fit, resolve to increase the maximum annual aggregate sum available for payment to non-executive directors for each financial year commencing 1 July from $195,400 to $230,000 (being an increase of $34,600 per annum (18%)), such sum to be divided between the non-executive Directors as they determine. "This resolution is pursuant to Listing Rule 3.5.1. In the event of an increase in the total number of Directors holding office, the Directors may without shareholder approval, increase the total remuneration by such an amount necessary to enable the Company to pay to the additional Director/Directors remuneration not exceeding the average amount being paid to each of the Company's other non-executive Directors". 4 Auditors To authorise the Board to fix the auditor's fees and expenses. Explanatory Note The Office of the Controller and Auditor General continues in office in accordance with section 19 of the Port Companies Act 1988 and Section 196 of the Companies Act 1993. 5 General Business Questions from Shareholders at the Annual Meeting The Company wants to provide comprehensive answers to any questions you may wish to ask at the Annual Meeting. Accordingly, we encourage you to send any questions you wish to raise to email address [email protected] and we will then be in a better position to answer these in greater detail when they are raised at the meeting. However, not sending us questions in advance will not in any way preclude you from asking questions at the meeting. By order of the Board Lara Stevens Finance Manager Dated at Bluff this 11th day of October 2012 DIRECTOR PROFILES RICHARD (RICK) GORDON MAXWELL CHRISTIE, MSc (Hons), AFInstD, CRSNZ Mr Christie is a company Director based in Wellington. He is currently a Director and Chairman of a number of public and private companies. He has also held a number of government appointments and was a Chief Executive for many years prior to becoming a professional Director. In 2011 he was made a Companion of the Royal Society of New Zealand. THOMAS McCUISH FOGGO Mr Foggo is based in Invercargill and is the Southland Manager for Sanford. He has held senior management positions and Directorships in the Seafood Industry for over 36 years and has for the past 17 years been a Director of Live Lobster Southland. He is also a Government appointed Director of Invercargill Airport. End CA:00228402 For:SPN Type:MEETING Time:2012-10-12 16:49:13
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- Ann: MEETING: SPN: South Port NZ Ltd - Amended No
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