Ann: MEETING: SNK: Notice of Annual Meeting and N

• Release Date: 09/08/13 16:36
• Summary: MEETING: SNK: Notice of Annual Meeting and New Analyst Report
• Price Sensitive: No
• Download Document  8.68KB

					

SNK
09/08/2013 14:36
MEETING

REL: 1436 HRS Snakk Media Limited

MEETING: SNK: Notice of Annual Meeting and New Analyst Report

SNK - Notice of Annual Meeting

9 August 2013

Notice of Annual Meeting and New Analyst Report

All Snakk Media Limited shareholders are warmly invited to the Annual Meeting
of Shareholders, to be held in the Sir Paul Reeves Building (WG), 55
Wellesley Street, AUT University, City Campus, Auckland on Monday, 26 August
2013 from 4:00pm (Annual Meeting called to order 4:30pm).

All shareholders should visit www.snk.co.nz/2013-agm to RSVP for the event.

The event will also be live-streamed and available for viewing on Snakk's
investor website - www.snk.co.nz - enabling shareholders to watch remotely,
via their smart screen of choice, including their smartphone or tablet.
Snakk Co-Founder and Chairman Derek Handley and Group CEO Mark Ryan will
chair the meeting. Other senior members of the Snakk team will also be
present, including Co-founder and General Manager of Snakk, Andrew Jacobs,
Group Partnerships Manager, Max Flanigan and Board members, Michelle Kong and
Tim Alpe.

After the conclusion of the Annual Meeting shareholders are invited to join
us for presentations and an experts' panel on the future of smart-screens.
There will also be the opportunity to network with fellow Snakk'rs and see
some of the company's technology in action.

In addition to the information about the Annual Meeting, we'd also like to
take this opportunity to let you know about an analyst update released on 30
July - independent research company Edison Investment Research has narrowed
its valuation to 14-17 cents, up from their initial low-end valuation point
of 10.9c when they published their inaugural review of Snakk in April. Go to
www.snk.co.nz/announcements  to review both reports.

The Edison report states that the "rapid adoption of smartphones is
dramatically changing patterns of media consumption - not yet reflected in
the allocation of marketing dollars, and that constant technological advances
are allowing brands to nurture a far closer relationship with consumers,
offering added-value and tangible benefits using greater interactivity and
engagement."

We continue to see the growth of mobile advertising both locally and
overseas. The recent release of Facebook's Q2 results underscore this with
the company reporting that 41% of its ad revenues now come from mobile
advertising up from the previous quarter of 29%, an excellent example of the
shift of advertising dollars to smart screens.

We thank all our shareholders for their continued support and look forward to
meeting with them at the Annual Meeting.

ENDS

For investor enquiries, please email: [email protected] or phone
Malcolm Lindeque (Company Secretary) 021 464392
Follow Snakk for investor and market updates on twitter.com/snakkir
About Snakk Media Limited
NZAX-listed Snakk Media enables brands to reach their consumers on
smartphones and tablets by delivering engaging ads across a network of mobile
websites, applications, and games in a way that is highly targeted,
measurable and scalable. The company generates revenue every time an ad uses
its networks to appear on a publisher's site.

Snakk is one of the first publicly listed companies in the world that has met
the rigorous social and environmental performance standards required to
become a certified B Corporation (B Corp
www.bcorporation.net/community/snakk-media).

NOTICE OF ANNUAL MEETING OF SHAREHOLDERS OF SNAKK MEDIA LIMITED

Business

A.  Chairman's introduction
B.  Managing Director's Review and Trading Update
C.  Resolutions
Resolution 1 - Re-election of Mr Tim Alpe as a director of the Company -
Ordinary Resolution

Mr Alpe retires in accordance with the provisions of the Constitution of the
Company and, being eligible, offers himself for re-election. Accordingly, the
shareholders of the Company are requested to consider and, if thought fit,
pass the following resolution as an ordinary resolution:

"That Mr Alpe be re-elected as a director of the Company."

Resolution 2 - Re-election of Ms Michelle Kong as a director of the Company -
Ordinary Resolution

Ms Kong retires in accordance with the provisions of the Constitution of the
Company and, being eligible, offers herself for re-election. Accordingly, the
shareholders of the Company are requested to consider and, if thought fit,
pass the following resolution as an ordinary resolution:

"That Ms Kong be re-elected as a director of the Company."

Resolution 3 - Re-appointment and Remuneration of Auditors - Ordinary
Resolution
To consider and, if thought fit, pass the following resolution as an ordinary
resolution:

"That PricewaterhouseCoopers be re-appointed as Auditors of the Company under
section 200 of the Companies Act 1993, and the Board of Directors of the
Company be authorised to fix their remuneration for the forthcoming year."

D. CEO's presentation of the company's future direction

E. Conclusion of Annual Meeting

By Order of the Board

PROXIES AND REPRESENTATIVES

Shareholders may exercise their right to vote at the meeting either by being
present in person or by appointing a proxy to attend and vote in your place.
A proxy need not be a shareholder of the Company. A body corporate
shareholder may appoint a representative to attend the meeting on its behalf.
To appoint a proxy you can:

EITHER Complete and sign the proxy form and send it to the Company's share
registrars, Computershare Investor Services Limited, no later than 48 hours
prior to commencement of the meeting.  A reply paid envelope is enclosed if
mailing the proxy form from within New Zealand. If you wish to deposit your
proxy by fax, please send it to Computershare on fax (09) 488 8787.

OR Alternatively you can appoint a proxy online by visiting
www.investorvote.co.nz and using the control number 106369 and your
CSN/Securityholder number and postcode.

If you wish to attend the Annual Meeting and vote in person, please bring
your CSN/Securityholder number with you and visit the registration desk where
Computershare will provide you with a voting paper.

If you have any queries regarding the information above, please contact
Computershare Investor Services Limited by email, or call on 09 488 8777
Monday to Friday 8.30am - 5.00pm.
EXPLANATORY NOTES

RESOLUTION 1: RE-ELECTION OF TIM ALPE AS A DIRECTOR
Tim Alpe, who was appointed as a director of the Company by the Board of
Directors is required by the Constitution and the NZAX Listing Rules to
retire from office at this Annual Meeting, and being eligible, offers himself
for re-election. The Board has determined that Tim Alpe is an independent
director and unanimously recommends that shareholders vote in favour of his
re-election.

As JUCY CEO, Tim Alpe is well on his way to building one of Australasia's
fastest growing independent tourism companies.

Since JUCY's 2001 launch, JUCY's vehicle fleet has grown to 2,500 cars and
campavans, rental branches in nine locations around New Zealand and Australia
along with 3 in the USA which launched early 2012, a JUCY Hotel in Auckland,
JUCY Cruize Milford Sound and JUCY By Design, a campervan manufacturing
company just north of Auckland. The next plan is to launch more hotels and
look at other tourist attractions that can be 'JUCYfied.'

Tim was named the 2010 New Zealand Ernst & Young Entrepreneur of the Year. He
is a Director of JUCY Group Limited, Cruize Milford Limited and Cityhop
Limited. As a Snakk director, Tim is enthusiastic about being involved with a
leader of the mobile advertising industry.

RESOLUTION 2: RE-ELECTION OF MICHELLE KONG AS A DIRECTOR
Michelle Kong, who was appointed as a director of the Company by the Board of
Directors is required by the Constitution and the NZAX Listing Rules to
retire from office at this Annual Meeting, and being eligible, offers herself
for re-election. The Board has determined that Michelle Kong is an
independent director and unanimously recommends that shareholders vote in
favour of her re-election.

Michelle Kong is currently the General Manager, Group Strategy at Telecom New
Zealand, having held a number of corporate strategy, transformation and
market/product strategy roles at Telecom over the past 8 years. Prior to
moving to New Zealand, Michelle worked in group strategy and investor
relations with Orange (plc, then SA) based in London, and before that as an
investment banking analyst with Morgan Stanley in Melbourne, New York and
Singapore. Michelle is also currently a Trustee with the Marram Community
Trust.

Michelle holds bachelor's degrees in Arts (Pure Mathematics, Hons I) and Law
from the University of Sydney (her home town). Coming from the corporate
world, Michelle is excited to be working with a fast-paced, high-growth
company like Snakk.
End CA:00239503 For:SNK    Type:MEETING    Time:2013-08-09 14:36:05