Notice of Annual Meeting

NOTICE OF ANNUAL MEETING

Asset Plus Limited (the Company or Asset
Plus) gives you notice that the 2018 Annual
Meeting of Shareholders of the Company
will be held at Link Market Services, Level 11,
Deloitte Centre, 80 Queen Street, Auckland
1142 on Friday 17 August 2018 commencing
at 1.00pm (New Zealand time).
The business of the meeting will be:
Item A – Presentations
(a) The Chairman of Asset Plus will
address shareholders.
(b) Presentation from the Manager,
Augusta Funds Management.
(c) Shareholder discussion.
d) To receive and consider the Annual Report
including the Financial Statements and the
Auditor’s Report for the year ended 31 March 2018.
Item B – Resolutions
1. Election of Director – Allen Bollard
Allen Bollard retires by rotation under NZX Main Board
Listing Rules 3.3.11 and, being eligible, offers himself
for re-election as a Director.
To consider and, if thought fit, to pass the following
resolution as an ordinary resolution:
“That Robert Allen Bollard be re-elected as a director
of the Company.”
A brief biography for Allen Bollard is set out in the
Explanatory Notes on page 5.
2. Re-appointment of Auditors
To record the re-appointment of Grant Thornton as
auditors of the Company and to consider and, if
thought fit, to pass the following resolution as an
ordinary resolution:
“That the Board be authorised to fix the auditors’ fees
and expenses from time to time.”
An explanation of the requirement for this resolution
is set out in the Explanatory Notes on page 5.
Item C – General Business
Such other business as may be properly raised
for discussion at the meeting.
Explanatory Notes
Explanatory Notes on the re-election of Allen Bollard
and the fixing of the auditor’s fees and expenses,
are attached to and form part of this Notice of
Annual Meeting.
Directors’ Recommendation
The Directors unanimously recommend that you vote
in favour of the resolutions.
Attendance
All shareholders are entitled to attend and vote
at the Annual Meeting or to appoint a proxy or
representative (in the case of a corporate shareholder)
to attend and vote on their behalf.
Asset Plus Limited
Notice of Annual Meeting
Notice of Annual Meeting
3

Email
Scan and email to: meetings@linkmarketservices.com.

Please put “Asset Plus Proxy” in the subject line for
easy identification.
Mail
If mailing from New Zealand please use the reply-paid
envelope provided. If mailing from outside New Zealand
please affix the required postage and address to:
Link Market Services Limited, P.O. Box 91976,
Auckland 1142, New Zealand
Deliver
Link Market Services Limited,
Level 11, Deloitte Centre,
80 Queen Street,
Auckland
By order of the Board
Bruce Cotterill
Chairman
20 July 2018
Proxies
You may exercise your right to vote at the meeting either
by being present in person or by appointing a proxy to
attend and vote in your place. A proxy need not be a
shareholder of the Company and may be the chair of the
meeting. If you appoint the chair of the meeting as your
proxy with a discretion as to how votes are cast, the chair
will vote in favour of both resolutions. You may direct
your proxy to vote or give your proxy a discretion to vote
how he/she sees fit. If you wish to give your proxy such
discretion you should mark the box accordingly. If you do
not mark any box then your direction is to abstain.
A proxy form is attached to this notice. If you wish to
vote by proxy you must complete the form and produce
it to the Company or its share registrar, Link Market
Services, so as to be received no later than 1.00pm on
15 August 2018.
Proxy forms can be sent to Link Market Services by the
following methods:
Online
Visit the Link Market Services Investor website:
https://investorcentre.linkmarketservices.co.nz/voting/
APL and follow the prompts.
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4

Resolution 1
Re-election of Allen Bollard
In accordance with NZX Main
Board Listing Rule 3.3.11, one
third of directors (or the
nearest number to one
third) must retire at each
annual meeting but shall
be eligible for re-election
at that meeting. With
four directors this requires
that one director retire. As
Bruce Cotterill, Paul Duffy
and Allen Bollard were each
elected to the Board on the
same day (21 April 2017), the Company’s constitution
provides that the director to retire will be as
determined by lot, unless the Board resolves otherwise.
The Board has resolved that Allen Bollard will retire at
the 2018 annual meeting.
Accordingly, Allen Bollard retires by rotation at the
Annual Meeting and offers himself for re-election as
a Director. The approval of an ordinary resolution of
the holders of the ordinary shares in the Company is
required for Resolution 1 (i.e. a simple majority of votes
cast at the meeting by shareholders entitled to vote
and voting).
A brief biography of Allen Bollard follows:
Allen Bollard has a depth of experience in accounting
and financial management, New Zealand taxation
(particularly property activity), New Zealand
capital markets (particularly bank debt), treasury
management, economic trend analysis, risk/reward
asset analysis, acquisition and divestment strategy,
leasing strategy and administration, property
development risk, and organisational governance.
Starting as a partner of a major accounting firm,
Mr Bollard was then CFO for three listed property
companies and for 10 years was CEO/CFO of Tramco
Group Limited, a private entity which managed
and financed several large privately held leasehold
land-owning partnerships including Viaduct Harbour
Holdings, Tram Lease, Quay Lease, Kiwi Forests,
Wairakei Pastoral and Calland Properties Ltd.
Mr Bollard is also an independent business and finance
consultant, Independent Director of Tamaki Makaurau
Community Housing Limited, and chairman of the
trustees of Odyssey House Trust (a government funded
drug and alcohol rehabilitation organisation) as well as
other private trusts.
In accordance with the Listing Rules, the Board has
determined that Mr Bollard is an Independent Director.
No nominations for persons for appointment to the Board
were received by the Company by 17 June 2018 being
the closing date for such nominations as advised to the
market and consequently no other person is eligible to be
elected as a director at the Annual Meeting.
Resolution 2
Remuneration of Auditor
Grant Thornton is automatically re-appointed as the
auditor of the Company under Section 207(T) of the
Companies Act 1993. Section 207(S) of the Companies
Act 1993 provides that the fees and expenses of
the auditor are to be fixed in such a manner as the
Company determines at the Annual Meeting. Resolution
2 authorises the Board, consistent with commercial
practice, to fix the fees and expenses of the auditors for
the ensuing year. The approval of an ordinary resolution
of the holders of the ordinary shares in the Company is
required for Resolution 2 (i.e. a simple majority of votes
cast at the meeting by shareholders entitled to vote
and voting).
Explanatory Notes
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These notes form part of the Notice of Annual Meeting.