Results of Annual Shareholder Meeting

27 June 2019

98th Annual General Meeting

The 98th Annual Meeting of T&G Global Limited, was held at the Ellerslie Event Centre today
in Auckland, commencing at 2:00pm.

Prof. Klaus Josef Lutz chaired the meeting of approximately 60 shareholders, senior
employees and invited guests.

With reference to the resolutions passed please refer to the “Results of Annual Shareholder
Meeting”, announced separately.

Addresses were made by the Chairman and by the CEO Gareth Edgecombe.

Chairman Klaus Josef Lutz noted that the Company has continued its trend of revenue
growth in 2018 by achieving a new record revenue of $1.2 billion which is $120 million more
than the previous year.
Despite the increased revenue T&G had encountered a number of challenges during 2018,
particularly adverse weather conditions impacting pipfruit and tomato quality and volumes.
Profit before tax decreased by $14.3million to $8.3million (prior year $22.6million).

After summarising the performances of the Company’s various divisions, Klaus Lutz outlined
that T&G is continuing the programme of divesting of underperforming and non-core assets,
with the 2018 sale of the ENZAFoods business, the Northland kiwifruit operation and the
distribution centre in Christchurch.
T&G remains committed to increased vertical integration across the Companies key
categories and will continue to develop in-market representation globally.
Following his speech Klaus Lutz acknowledged the significant contributions to T&G of the
former T&G Directors Sir John Anderson and John Wilson who had both passed away.
He also advised that the Board of T&G had appointed Christiane Bell as Deputy Chairman of
the Company, effective today.
In his presentation CEO Gareth Edgecombe highlighted the following:
- Projected growth in apple demand and investment in global plantings of ENVY™ from
currently 2.5 million boxes to 11.5 million boxes in 2025;
- Investments in emerging categories with projected increased global demand,
specifically in berries and grapes;

- Exploring genetics and growing partnerships in Australia, Peru and New Zealand;
- Recycling of non-core assets and improvements in the growing and performance of
citrus and tomatoes in the NZ Produce division;
- Investment in T&G’s people and key talent;
- Ongoing simplification of structure and systems;
- Strong focus on sustainability, conveyed in T&G’s key strategic pillar ‘Kaitiakitanga’.
A number of shareholders took the opportunity to question the Board and management
regarding their plans for improving the Company’s profitability. The Chairman and the CEO
outlined various cost saving initiatives and growth plans and highlighted its recent investment
in the capability of its people.

For more information or to request photos, please contact:
Email: communications@tandg.global

Issued by:

Doug Bygrave
Company Secretary
Telephone: (09) 573 8899

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Template
Meeting Results Announcement
Updated as at 8 May 2019
Page 1 of 2


27 June 2019

Results of T&G Global Limited Annual Shareholder Meeting

At T&G Global Limited’s annual shareholder meeting, held in Auckland on 27 June 2019,
shareholders were asked to vote on five resolutions, which were supported by the Board.

As required by NZX Listing Rule 6.1, all voting was conducted by a poll.

The resolutions passed by shareholders were:

• Election of Directors;
• Appointment and Remuneration of Auditor;
• Amendment of the Constitution.


Detail of the total number of votes cast in person or by a proxy holder are:

Resolution For Against Abstain
B. Ordinary Resolution
1. Election of Directors:
a) To vote upon the election of the Directors of the
Company who are retiring by rotation in accordance
with the constitution, and, being eligible, offer
themselves for re-election:
(i) “That Prof. Klaus Josef Lutz be reappointed
as a Director of T&G Global Limited.”

94,369,596
100.00%
4,323
0.00%
0
0.00%
B. Ordinary Resolution
1. Election of Directors:
a) To vote upon the election of the Directors of the
Company who are retiring by rotation in accordance
with the constitution, and, being eligible, offer
themselves for re-election:
(ii) “That Mrs Carol Anne Campbell be
reappointed as a Director of T&G Global
Limited.”
94,367,776
100.00%
4,323
0.00%
1,820
0.00%
B. Ordinary Resolution
1. Election of Directors
b) To vote upon the election of Directors appointed by
the Board during the year, who are required to resign
in accordance with the constitution, and, being
eligible, offer themselves for election:
(i) “That Mr Robert James Hewett be appointed
as a Director of T&G Global Limited.”
94,358,887
99.98%
15,032
0.02%
0
0.00%
B. Ordinary Resolution
2. Appointment and Remuneration of Auditor
“That under Section 207T (1) of the Companies Act 1993
the reappointment of Deloitte be confirmed; and that the
94,370,171
100.00%
3,748
0.00%
0
0.00%

Page 2 of 2
Directors be authorised to fix the fees and expenses of the
auditor for the ensuing year.”
C. Special Resolution
The following special resolution will be voted on. A special
resolution is a resolution approved by a majority of 75% of
the votes of shareholders entitled to vote and voting at the
meeting in person or by proxy or representative.
1. “That T&G Global Limited amend its existing
Constitution, in the manner marked up in the
Constitution as presented to shareholders at the
annual meeting and initialled by a director of the
Company for the purposes of identification to be
effective immediately upon T&G Global Limited
becoming subject to the NZX Listing Rules dated
1 January 2019.”

The Explanatory Notes accompanying this Notice provide
the background for this motion
94,369,172
99.99%
4,747
0.01%
0
0.00%


Authority for this announcement
Name of person authorised to make this
announcement
Douglas Bygrave
Contact person for this announcement Douglas Bygrave
Contact phone number 09 573 8899
Contact email address Doug.Bygrave@tandg.global
Date of release through MAP 27 June 2019