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- Release Date: 31/08/12 11:18
- Summary: MEETING: TEL: Notice of Annual Meeting of Shareholders
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TEL
31/08/2012 09:18
MEETING
REL: 0918 HRS Telecom Corporation of New Zealand Limited
MEETING: TEL: Notice of Annual Meeting of Shareholders
NOTICE OF ANNUAL MEETING OF SHAREHOLDERS
The Annual Meeting of shareholders of Telecom Corporation of New Zealand
Limited ('Telecom') will be held in the Conference Centre at Level 2, Telecom
Place, 167 Victoria Street West, Auckland on Friday 28 September 2012,
commencing at 10.00am (New Zealand time).
Items of business
A The Chairman's introduction
B Addresses to shareholders
C Shareholder discussion
D Resolutions:
To consider, and if thought fit, to pass the following ordinary resolutions:
1. That the Directors are authorised to fix the auditors' remuneration.
2. That Mr Mark Verbiest is re-elected as a Director of Telecom.
3. That Mr Paul Berriman is re-elected as a Director of Telecom.
4. That Mr Simon Moutter is elected as a Director of Telecom.
5. That approval is given for the issue by Telecom's Board of Directors to Mr
Simon Moutter (Telecom's Chief Executive Officer) during the period to 27
September 2015 of in total up to 1,000,000 shares in Telecom under the
Performance Equity Scheme (comprising redeemable ordinary shares and, where
contemplated by the scheme, ordinary shares), on the terms set out in the
Explanatory Notes accompanying the 2012 Notice of Annual Meeting.
6. That approval is given for the issue by Telecom's Board of Directors to Mr
Simon Moutter (Telecom's Chief Executive Officer) during the period to 27
September 2015 of in total up to 2,500,000 share rights to acquire Telecom
ordinary shares under the Performance Rights Scheme on the terms set out in
the Explanatory Notes accompanying the 2012 Notice of Annual Meeting.
Notes:
Each resolution above is to be considered as an ordinary resolution and, to
be passed, requires the approval of a simple majority of votes cast on the
resolution.
Telecom will disregard any votes cast on Resolution 5 (issue of shares) and
Resolution 6 (issue of share rights) by Mr Simon Moutter or any associate or
associated person of Mr Moutter. However, Telecom will not disregard a vote
if the person is acting as a proxy for a person who is entitled to vote, in
accordance with the express instructions setting out how to exercise the
relevant vote on the Proxy Form.
By Order of the Telecom Board
Mark Verbiest
Chairman
31 August 2012
End CA:00226734 For:TEL Type:MEETING Time:2012-08-31 09:18:22
