Ann: MEETING: SPN: South Port NZ Ltd - Notice of

• Release Date: 12/09/13 11:59
• Summary: MEETING: SPN: South Port NZ Ltd - Notice of Annual Meeting
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SPN
12/09/2013 09:59
MEETING

REL: 0959 HRS South Port New Zealand Limited (NS)

MEETING: SPN: South Port NZ Ltd - Notice of Annual Meeting

Notice is hereby given that the 25th 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, 31 October 2013
at 10.45 am

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 2013.

2 Directors

 To elect two Directors.

Mr P.W. Cory-Wright and Mr G.D. Heenan retire by rotation in accordance with
the Company's Constitution. Mr Cory-Wright and Mr Heenan now offer themselves
for re-election to the Board of Directors.

In the Board's opinion Mr Cory-Wright and Mr Heenan 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 continue the maximum annual
aggregate sum of $230,000 (unchanged from last year) available for payment to
non-executive directors for each financial year commencing 1 July, 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 22nd day of August 2013

DIRECTOR PROFILES

PHILIP WADE CORY-WRIGHT, BCA, LLB (Hons)
Mr Cory-Wright is a Company Director and a Strategic Adviser based in
Auckland. He is a director of the Local Government Funding Agency, which was
established in 2012 to lower the funding costs and improve the terms of
borrowing for local councils in New Zealand. Mr Cory-Wright was a member of
the Local Government Infrastructure Expert Advisory Group which recently
provided its report to the Minister on how local council infrastructure
delivery could be improved.  He has specialised in infrastructure businesses
and recent roles include being an adviser to Kordia, Solid Energy, Auckland
Airport and ACC.

GRAHAM DOUGLAS HEENAN, BCom, AFInstD, FNZIM
Based in Christchurch, Mr Heenan is Chairman of DB South Island Brewery,
InterCity Group, and Abbott Insurance Brokers. He is a past Director of
PrimePort Timaru, Canterbury District Health Board, Hellers, Hanmer Springs
Thermal Pools & Spa and the TAB. Mr Heenan also acts as a consultant to
several companies.
End CA:00241031 For:SPN    Type:MEETING    Time:2013-09-12 09:59:15