- Release Date: 11/07/14 14:19
- Summary: GENERAL: BLT: Additional Information In Relation To Director Elections
- Price Sensitive: No
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BLT 11/07/2014 14:19 GENERAL REL: 1419 HRS BLIS Technologies Limited GENERAL: BLT: Additional Information In Relation To Director Elections BLIS Technologies Limited 10 Birch Street PO Box 5804 Dunedin 9058 New Zealand Telephone: 03 474 1338 Fax: 03 474 9050 Email: [email protected] Website: www.blis.co.nz 11th July 2014 Additional Information in relation to the nomination of candidates for election as Directors The following additional information is provided as background in response to some recent questions from shareholders. Review of governance of BLIS Technologies Limited The Board has conducted a process over the last year that considered a number of aspects relating to the governance needs of the company. One particular focus for the review was that of skills required on the Board, as also noted by the Chair at the last AGM. As part of the review process, a Board Review was conducted by an external organisation. A key recommendation was to expand the skill-set of the Board. Process to seek new Directors The identification of candidates involved a formal process through the scheme operated by the Institute of Directors that is designed to identify potential candidates for Board positions. As a result of this process, Directors then interviewed potential candidates and invited Ms Veronica Aris and Mr Graeme Boyd to submit their names as candidates. At the invitation of the other directors, Mr Offen provided the formal nominations for the new directors. Mr Tony Offen is a current director and shareholder through Edinburgh Equity Limited. Independence By way of clarification, the former Edinburgh Equity Nominee Limited shareholding in BLIS which previously represented the joint interests of Mr Tony Offen and Sir Eion Edgar was transferred to Mr Offen's and Sir Eion's respective company interests as advised to the NZX in September 2013. As set out in the latest Annual Report, Mr Alan Mckenzie is the only director that has any relationship with Sir Eion Edgar's interests (Sinclair Long Term Holdings and SIL Long Term Holdings). The only reason that Mr Offen is not an independent director is that his company (Edinburgh Equity Limited) owns more than 5% of the shares in BLIS Technologies. Peter Francis Fennessy Chairman End CA:00252669 For:BLT Type:GENERAL Time:2014-07-11 14:19:08
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- Ann: GENERAL: BLT: Additional Information In Relation To Director Elections
Ann: GENERAL: BLT: Additional Information In Relation To Director Elections
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