VIL
25/11/2014 11:29
MEETING
NOT PRICE SENSITIVE
REL: 1129 HRS Veritas Investments Limited
MEETING: VIL: Annual Shareholders' Meeting Results
25 November 2014
ANNUAL SHAREHOLDERS' MEETING RESULTS
Veritas Investments Limited (NZSX: VIL) advises that all resolutions put to
the Company's annual shareholders' meeting held in Auckland today were
passed. The eight resolutions were:
Resolution 1: That the Shareholders ratify, confirm and approve, including
for the purposes of section 129(1) of the Act and the Rule 9.1.1 of the NZX
Main Board Listing Rules, the acquisition, by Veritas or a wholly-owned
subsidiary of Veritas, of all of the business and assets of the BBC Group
(the "BBC Acquisition") and the entry into documents relating to the debt
financing for the BBC Acquisition (including the execution of the facility
documents), as more particularly described in the Notice of Meeting and
Explanatory Memorandum, and that the Directors be authorised to take all
actions, do all things and execute all necessary documents and agreements
necessary or considered by them to be expedient to give effect to the BBC
Acquisition and the debt financing for the BBC Acquisition.
Resolution 2: That the Shareholders approve, including for the purposes of
Listing Rule 7.3.1(a) of the NZX Main Board and all relevant provisions of
Veritas' Constitution, the issue to Danny Doolans Limited, O'Hagans Limited
and The Better Bar Company Limited, on completion of, and in part
consideration for, the BBC Acquisition described in Resolution 1, of
6,964,286 fully paid, ordinary shares in Veritas, as more particularly
described in the Notice of Meeting and Explanatory Memorandum, and that the
Directors be authorised to take all actions, do all things and execute all
necessary documents and agreements necessary or considered by them to be
expedient to effect such issuance.
Resolution 3: That the Shareholders approve the appointment of Richard
Sigley as a Director of the Company on and from completion of the BBC
Acquisition.
Resolution 4: That Tim Cook, who is eligible for election, be re-elected as
Director.
Resolution 5: That Sharon Hunter, who is eligible for election, be elected
as Director.
Resolution 6: That PwC be appointed in place of KPMG as Veritas' auditors
for the financial year ending 30 June 2015.
Resolution 7: That the Board be authorised to fix the fees and expenses of
PwC as Veritas' auditors for the financial year ending 30 June 2015.
Resolution 8, that the Board be authorised to fix the fees and expenses of
KPMG as Veritas' auditors for the financial year ending 30 June 2015, was not
considered because Resolution 6 was passed.
For further information please contact:
Mark Darrow
Chairman
Veritas Investments Limited
Phone: 021 888 858
-END-
End CA:00258061 For:VIL Type:MEETING Time:2014-11-25 11:29:36
