Ann: MEETING: AIR: Air NZ 2014 Annual Meeting - Resolutions Passed

• Release Date: 30/09/14 16:09
• Summary: MEETING: AIR: Air NZ 2014 Annual Meeting - Resolutions Passed
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					AIR
30/09/2014 16:09
MEETING

REL: 1609 HRS Air New Zealand Limited (NS)

MEETING: AIR: Air NZ 2014 Annual Meeting - Resolutions Passed

Air New Zealand is pleased to advise that the following resolutions were
passed at its Annual Meeting of shareholders today in Christchurch.

Resolution 1: Re-election of Paul Bingham as a director
Resolution 2: Re-election of Janice Dawson as a director
Resolution 3: Election of Jonathan Mason as a director
Resolution 4: Election of Linda Jenkinson as a director

The Board has determined in accordance with NZSX Listing Rules 3.3.2 and
3.3.3(a) that each of the following directors is an Independent Director:

Paul Bingham
Tony Carter
Jan Dawson
Roger France
Rob Jager
Linda Jenkinson
Jonathan Mason

Air New Zealand announced today that it will renew the on-market share
buy-back facility established on 27 September 2013.  Under the facility Air
New Zealand will purchase up to 3% or up to $66 million of its shares
(whichever is lower) over the next 12 months.

This will provide the Company with the flexibility to purchase shares from
time to time when market conditions indicate such purchases would create
value for all Air New Zealand shareholders.  In making the announcement, the
Directors noted that any repurchased shares would be held as Treasury stock
and that this Treasury stock could be used to satisfy the requirements under
the Company's Long Term Incentive Programme with senior employees.

Ends
End CA:00255903 For:AIR    Type:MEETING    Time:2014-09-30 16:09:42