Results of 2019 Annual Shareholders Meeting

Scales Corporation Limited
Head Office: 52 Cashel Street | Christchurch 8013 | New Zealand
Postal: PO Box 1590 | Christchurch 8140 | New Zealand
Phone: +64 3 379 7720
scalescorporation.co.nz





13 June 2019


Results of Scales Corporation Limited 2019 Annual Shareholders’ Meeting


Scales Corporation Limited held its 2019 Annual Shareholders’ Meeting in Napier at 4.30pm
on 12 June 2019.

Resolutions
All resolutions considered by shareholders at the meeting were passed. Details of the
number of votes cast, by poll, were as follows:


1. That the Board is authorised to fix the auditor’s remuneration for the coming year.

For: 60,196,930
Against: 21,550
Abstain: 15,500

2. Having retired by rotation, that Alan Isaac be re-elected as a Director.

For: 60,105,252
Against: 69,398
Abstain: 59,330

3. Having been reappointed during the year by the Board and holding office only until
the Annual Meeting, that Andrew Borland be elected as a Director.

For: 60,151,013
Against: 13,050
Abstain: 69,917

4. Having been appointed during the year by the Board and holding office only until
the Annual Meeting, that Tomakin Lai be elected as a Director.

For: 57,300,947
Against: 2,848,116
Abstain: 84,917

Scales Corporation Limited
Head Office: 52 Cashel Street | Christchurch 8013 | New Zealand
Postal: PO Box 1590 | Christchurch 8140 | New Zealand
Phone: +64 3 379 7720
scalescorporation.co.nz



5. Having been appointed during the year by the Board and holding office only until
the Annual Meeting, that Nadine Tunley be elected as a Director.

For: 59,996,290
Against: 154,838
Abstain: 82,852

6. Subject to the approval of Resolution 5, that the maximum total pool of Directors’
remuneration payable by Scales to Directors (in their capacity as Directors) be
increased by $100,000 per annum, from a total pool of $500,000 per annum to
$600,000 per annum, effective from the close of the Annual Meeting, with such
sum to be divided amongst the Directors as the Board may from time to time
determine.

For: 57,395,710
Against: 785,439
Abstain: 2,052,831


Special Resolution: To amend Scales’ Constitution in the form and manner described in the
explanatory notes, with effect from the close of the Annual Meeting.

For: 60,030,215
Against: 34,150
Abstain: 169,615

Director Independence
As required by the NZX Listing Rules, the Board of Scales Corporation Limited has
determined that the following Directors are Independent Directors:
• Tim Goodacre
• Nick Harris
• Alan Isaac
• Mark Hutton
• Nadine Tunley

For further information contact:
Steve Kennelly
Chief Financial Officer
Scales Corporation Limited
+64 3 371 2263 / +64 274 317587
www.scalescorporation.co.nz