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- Release Date: 14/09/12 15:11
- Summary: MEETING: SPN: South Port NZ Ltd - Notice of Annual Meeting
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SPN
14/09/2012 13:11
MEETING
REL: 1311 HRS South Port New Zealand Limited (NS)
MEETING: SPN: South Port NZ Ltd - Notice of Annual Meeting
SOUTH PORT NEW ZEALAND LIMITED
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,
South Port Administration Building, Island Harbour, Bluff on Thursday, 1
November 2012 at 10.45 a.m.
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 to $230,000, 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 23rd day of August 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:00227325 For:SPN Type:MEETING Time:2012-09-14 13:11:02
