CVT
09/07/2015 11:18
MEETING
NOT PRICE SENSITIVE
REL: 1118 HRS Comvita Limited
MEETING: CVT: Director Fee Resolution at 2015 Annual Shareholder Meeting
Resolution 6 to be considered at the Annual Shareholders Meeting on 23 July,
proposes that director fees be increased over a two year period as prescribed
in the Resolution. Following representations from the New Zealand
Shareholders Association, the Board of Comvita has agreed that the increase
of director fees proposed for the 2nd year (2016-2017) would only be applied
if Comvita's net profit after tax per share increases by a minimum of 20% for
the year ended 31 March 2016.
# Ends #
For further information:
Neil Craig, Chairman, 021 731 509
Background information
About Comvita (www.comvita.com)
Comvita (NZX:CVT) is a global natural health company committed to the
development of innovative products, backed by ongoing investment in
scientific research. We are the world leaders in Manuka (leptospermum) honey
and fresh-picked Olive Leaf Extract, which are at the core of the Comvita
product range.
We have approximately 50% of honey supply under direct ownership or control,
with the balance of supply from long term contractual and partnership
arrangements. Comvita pioneered the development and use of medical grade
Manuka honey and was the first to receive FDA approval (2007). We partner
with US wound care company Derma Sciences, Inc. (NASDAQ:DSCI), the global
licensee for Medihoney specialist wound care products, which are used in
hospitals and medical centres around the world. Comvita's freshly picked
Olive Leaf Extract is grown, harvested, extracted and bottled at the world's
largest specialised olive leaf grove, with over one million olive trees.
Comvita sells into more than 18 countries through a network of our own
branded retail locations, online (seven country specific e-commerce websites)
and third-party outlets. We have over 500 staff located in New Zealand,
Australia, Hong Kong, Japan, Taiwan, South Korea, the United Kingdom and the
USA.
End CA:00266821 For:CVT Type:MEETING Time:2015-07-09 11:18:45
