- Release Date: 12/09/14 14:55
- Summary: MEETING: SPN: South Port NZ Ltd - Notice of Annual Meeting
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SPN 12/09/2014 14:55 MEETING REL: 1455 HRS South Port New Zealand Limited (NS) MEETING: SPN: South Port NZ Ltd - Notice of Annual Meeting NOTICE OF ANNUAL MEETING Notice is hereby given that the 26th Annual Meeting of the shareholders of South Port New Zealand Limited will be held in the South Port Board Room, Administration Building, Island Harbour, Bluff on Thursday, 30 October 2014 at 10.45 am. A tour of the Port will be programmed to commence at 10.00 am on the day of the meeting. This provides shareholders attending the meeting with an opportunity to view the Port and its operational assets. Please advise your intention to attend the Port tour by emailing [email protected] Port Security - Please note for those attending, not only will a driver's licence ID be required to be presented at the security gate to gain access onto the South Port Island Harbour, but advance notice of the name/s of people wishing to attend is to be relayed by either phone or email. This is a mandatory requirement under the Maritime Security Regulations. BUSINESS 1. Financial Statements To receive and consider the Directors' Report, the Financial Statements, and the Auditor's Report for the year ended 30 June 2014. 2. Directors To elect two Directors. - Mr R.T. Chapman and Mr J.J. McClean retire by rotation in accordance with the Company's Constitution. Mr Chapman and Mr McClean now offer themselves for re-election to the Board of Directors. In the Board's opinion Mr Chapman and Mr McClean would, if appointed as at the date of this Notice of Meeting, each be an Independent Director of the Company as defined in the NZSX Listing Rules. Director Profiles attached 3. Directors' Fees To consider and if thought fit, resolve to increase the maximum annual aggregate sum available for payment to non-executive directors for each financial year commencing 1 July from $230,000 to $235,520 (being an increase of $5,520 per annum (2.4%), such sum to be divided between the non-executive Directors as they determine. "This resolution is pursuant to Listing Rule 3.5.1. In the event of an increase in the total number of Directors holding office, the Directors may without shareholder approval, increase the total remuneration by such an amount necessary to enable the Company to pay to the additional Director/Directors remuneration not exceeding the average amount being paid to each of the Company's other non-executive Directors". 4. Auditors To authorise the Board to fix the auditor's fees and expenses. Explanatory Note The Office of the Controller and Auditor General continues in office in accordance with section 19 of the Port Companies Act 1988 and Section 196 of the Companies Act 1993. 5. General Business Questions from Shareholders at the Annual Meeting The Company wants to provide comprehensive answers to any questions you may wish to ask at the Annual Meeting. Accordingly, we encourage you to send any questions you wish to raise to email address [email protected] and we will then be in a better position to answer these in greater detail when they are raised at the meeting. However, not sending us questions in advance will not in any way preclude you from asking questions at the meeting. By order of the Board Lara Stevens Finance Manager Dated at Bluff this 2nd day of September 2014 DIRECTOR PROFILES REX THOMAS CHAPMAN, LLB Mr Chapman is a Senior Litigation and Commercial Partner in Invercargill Law Firm Cruickshank Pryde. JEREMY JAMES McCLEAN, BCom, CA Mr McClean is a practising Chartered Accountant in Southland. He is a Principal in Invercargill accounting firm Malloch McClean Ltd, holds a Public Practice Certificate with the New Zealand Institute of Chartered Accountants and is a Justice of the Peace. Mr McClean has provided business advice to a number of Southland rural and urban businesses for more than 30 years. Proxy Appointment If you are unable to attend the meeting, please complete and return your enclosed Proxy Form to Link Market Services Limited, in any manner as per the instructions on the reverse of the Proxy Form, not later than 10.45am on Tuesday, 28 October 2014 Alternatively you can appoint your proxy and vote online. To vote online please visit the Link Market Services website at https://investorcentre.linkmarketservices.co.nz/voting/SPN. You will require your holder number and FIN to securely access the website. Follow the prompts to appoint your proxy and direct your voting instructions. End CA:00255185 For:SPN Type:MEETING Time:2014-09-12 14:55:01
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- Ann: MEETING: SPN: South Port NZ Ltd - Notice of Annual Meeting
Ann: MEETING: SPN: South Port NZ Ltd - Notice of Annual Meeting
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