Foley Wines Limited/Announcement
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FFW Appointment of Directors and Company Name Change

Director Appointment17 October 2018FWLConsumer Staples

18 October 2018


Foley Family Wines - Appointment of Directors and Company Name Change


Foley Family Wines Limited [NZX: FFW] CEO Mark Turnbull today announced that the

Directors have resolved to:


1. Appoint Paul Brock as a Director of FFW with effect from 1 November 2018. Paul has

been appointed as the Deputy Chairman.


2. Change the name of the Company from Foley Family Wines Limited, effective from 1

December 2018 to Foley Wines Limited.


3. Change the NZX Ticker Code of FFW to FWL with effect from 1 December 2018, to align

with the change of company name.


The Board has determined that Paul is an Independent Director in accordance with NZX Main

Board Listing Rule 3.3.3(b).


In accordance with the FFW constitution Paul will be required to retire at the upcoming Annual

Shareholders’ Meeting to be held in Wellington on 21 November 2018 and stand for election

by shareholders at that meeting.


Mr Turnbull said “We are delighted to have Paul joining the Board of FFW. Paul lead Kiwibank

through a period of rapid growth, his skills and expertise will add greatly to the existing Board

as it works with Management to add shareholder value and will provide the required

experience and resources to support its growth strategy.”


As previously advised FFW will be seeking approval from shareholders of an amended

Constitution at the Annual Shareholders’ Meeting in November 2018 and, subject to NZX

approval, plans to move to the NZX Main Board on 1 December 2018 if approval is obtained.


Furthermore, Mr Turnbull advised that the Board are working through a list of candidates for

a further Director who will be the Chair of the Board Audit and Risk Committee and will advise

in due course regarding this further appointment, which will give the company the number of

Independent Directors required by the NZX Main Board Listing Rules prior to migration.


Authorised for public release.


For further information please contact:

Mark Turnbull

CEO, Foley Family Wines Limited

PO Box 67, Renwick, 7243, Marlborough

Tel: +64 21 714 885

Email: mark@ffw.co.nz

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