NZX
21/05/2015 17:29
MEETING
NOT PRICE SENSITIVE
REL: 1729 HRS NZX Limited
MEETING: NZX: Results of resolutions at Annual Meeting
NZX wishes to advise the market of the outcome of the resolutions put to its
Annual Meeting today.
Resolution 1 - Ordinary Resolution
That the Board be authorised to determine the auditors' fees and expenses for
the 2015 financial year.
o Result: passed by a show of hands
Resolution 2 - Ordinary resolution
To re-elect Jon Macdonald as a Director of NZX.
o Result: passed by a show of hands
Resolution 3 - Ordinary resolution
To elect Patrick Strange as a Director of NZX.
o Result: passed by a show of hands
Director Independence
The Board has determined both Jon Macdonald and Patrick Strange to be
Independent Directors for the purposes of the NZX Main Board Listing Rules.
As previously signalled, James Miller was today appointed as Chairman of the
NZX Board following Andrew Harmos's retirement from the board after seven
years as Chairman and 13 years as a Director.
Mr Miller is also a Director of the Accident Compensation Corporation (ACC)
board. ACC is a shareholder in NZX Limited. From time-to-time, ACC may hold
more than 5% of NZX's issued shares, which under NZX Main Board Listing Rules
means that during those times, Mr Miller would be considered to be a
non-independent Director.
ACC's most recent Substantial Product Holder Notice, published on 16 April
2015, discloses an interest of 7.9% in NZX's ordinary shares. Under Rule 1.6,
that interest means that Mr Miller is a non-independent Director of NZX.
ACC has protocols in place for managing its investments and any potential
conflicts of interest of its Directors. Mr Miller is not involved in the
portfolio management decisions in relation to ACC's shareholding in NZX.
For further information please contact:
Kate McLaughlin
Corporate Communications
T: 09 309 3654
M: 027 533 4529
E: [email protected]
About NZX Limited
NZX builds and operates capital, risk and commodity markets and the
infrastructure required to support them. We provide high quality information,
data and tools to support business decision making. We aim to make a
meaningful difference to wealth creation for our shareholders and the
individuals, businesses and economies in which we operate. To learn more
about NZX, please visit: www.nzxgroup.com
End CA:00264651 For:NZX Type:MEETING Time:2015-05-21 17:29:06
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