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- Release Date: 21/03/13 15:08
- Summary: MEETING: TWR: TOWER Ltd: Annual Meeting Results and Director Independence
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TWR
21/03/2013 13:08
MEETING
REL: 1308 HRS Tower Limited
MEETING: TWR: TOWER Ltd: Annual Meeting Results and Director Independence
21 March 2013
Market Information
NZX Limited
Level 2, NZX Centre
11 Cable Street
Wellington
NEW ZEALAND
Company Announcements Office
Australian Stock Exchange Limited
Exchange Centre
Level 6, 20 Bridge Street
Sydney NSW 2000
AUSTRALIA
TOWER Limited: Annual Meeting Results and Director Independence
TOWER Limited is pleased to advise that the following resolutions were passed
at its Annual Meeting of shareholders held on 21 March 2013:
1. To authorise the Directors to fix the auditors' remuneration for the
coming year.
2. To re-elect John Spencer as a Director.
3. To elect David Hancock as a Director.
4. To elect Stephen Smith as a Director.
5. To elect Michael Stiassny as a Director.
6. To elect Graham Stuart as a Director.
7. To approve the arrangement relating to the return of capital to
shareholders.
All resolutions were decided by a show of hands, other than the resolution to
return capital which was deiced by a poll. Details of the votes cast in
person or by the proxy on this resolution were 165,710,016 (99.89%) votes for
the resolution and 187,778 (0.11%) votes against the resolution. Votes for
10,994 shares were abstained.
Directors
Susie Staley retired by rotation and also ceases to be a Director of TOWER
Capital Limited.
In accordance with NZX Listing Rule 3.3.3(a), the board of TOWER Limited has
determined that the following directors are (as specified below) independent
or not independent, as defined by NZX Listing Rule 1.6.1:
Stephen Smith Independent
David Hancock Independent
John Spencer Independent
Michael Stiassny Independent
Graham Stuart Independent
Mike Jefferies Not Independent
Rob Flannagan Not Independent
Mike Allen Not Independent
New Chairman
Michael Stiassny was appointed as Chairman with effect from the conclusion of
the annual meeting.
Bronwyn Walsh
Company Secretary & Compliance Manager
TOWER Limited
ARBN 088 481 234 Incorporated in New Zealand
End CA:00234406 For:TWR Type:MEETING Time:2013-03-21 13:08:42
