Ann: MEETING: POT: RESULTS OF RESOLUTIONS AT ANNU

• Release Date: 25/10/12 18:09
• Summary: MEETING: POT: RESULTS OF RESOLUTIONS AT ANNUAL MEETING
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POT
25/10/2012 16:09
MEETING

REL: 1609 HRS Port of Tauranga Limited (NS)

MEETING: POT: RESULTS OF RESOLUTIONS AT ANNUAL MEETING

Port of Tauranga Limited Annual Meeting -
Results of Resolutions at Annual Meeting
and Directors' Independence

All resolutions proposed at the Port of Tauranga Limited Annual Meeting held
in Tauranga on Thursday 25 October 2012 were passed.  Those resolutions
comprised:

1 Adoption of Financial Statements for year ended 30 June 2012 and the
reports of the Directors and Auditors.

2 (i) Re-election of Mr Arthur William Baylis as a Director;  and

(ii) re-election of Mr John Michael Cronin as a Director.

3 Increasing total remuneration payable to Directors from $450,000 per annum
to $463,500 per annum, being an increase of $13,500 per annum (3%).

4 Authorisation of Directors to fix the remuneration of the Auditors for the
ensuing year.

Also, pursuant to NZX Listing Rule 3.3.3(a), the Board has determined that
each of the following Directors is an Independent Director:

- Mr John Parker
- Mr Bill Baylis
- Mr David Pilkington
- Sir Dryden Spring
- Mr Keith Tempest

Steve Gray
COMPANY SECRETARY
End CA:00228881 For:POT    Type:MEETING    Time:2012-10-25 16:09:10