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- Release Date: 05/10/12 11:30
- Summary: MEETING: PGW: Annual Shareholders Meeting and Board Changes
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PGW
05/10/2012 08:30
MEETING
REL: 0830 HRS PGG Wrightson Limited
MEETING: PGW: Annual Shareholders Meeting and Board Changes
Annual Shareholders Meeting and Board Changes
Notice for the PGG Wrightson Limited annual shareholders meeting to be held
on 24 October 2012 was sent to shareholders today. A copy of the notice of
meeting is also available on the investor section of PGG Wrightson's website
at www.pggwrightson.co.nz.
The notice of meeting records that Sir Selwyn Cushing, Bill Thomas and Tao
Xie (XT) will retire from the board at the meeting. Guanglin Lai (Alan) will
also retire by rotation and will stand for re-election.
Sir John Anderson, PGG Wrightson's Chairman, noted the positive contribution
and valuable counsel each of the retiring directors had provided during their
respective tenures and wished them well for the future on behalf of the
board.
Sir Selwyn was appointed to the Wrightson Limited board in 2005 following the
acquisition of Williams & Kettle Limited of which he had been a director for
more than 20 years. His astute business sense and commercial acumen has been
of great assistance to the company. It is pleasing to note that Sir Selwyn
has agreed to remain involved with the PGG Wrightson Employee Benefits Plan
in his capacity as a trustee.
Bill Thomas originally became a director of Pyne Gould Guinness Limited in
1995 and the company has benefited from his insights and in particular his
farming experience. After 17 years as a director for PGG Wrightson and its
predecessor companies Bill believes that the time is right to retire.
XT, the Chief Executive of PGG Wrightson's majority shareholder Agria
Corporation was instrumental in the structuring of Agria's acquisition and
retires after serving as a director since 30 December 2009.
Sir John noted that a review of the composition and expertise of the PGG
Wrightson board was being undertaken. There is a need to maintain farming
experience on the PGG Wrightson board and the review would help inform
decisions made in relation to future director appointments.
PGG Wrightson is this year introducing the option for shareholders to vote on
shareholder meeting business online and by post. These options are set out
in the notice of meeting and would provide shareholders with more flexibility
and convenience where they cannot attend in person or by proxy but wish to
register their votes on meeting business.
For additional information contact:
Julian Daly, General Counsel & Company Secretary | +64 27 553 3373
End CA:00228129 For:PGW Type:MEETING Time:2012-10-05 08:30:04
