PGG Wrightson Limited Special Meeting Results

23 July 2019

PGG Wrightson Limited Special Meeting Results


PGG Wrightson Limited (PGW) held a Special Shareholders Meeting in Christchurch today.

PGW Chairman Rodger Finlay said, “Today our shareholders considered two special resolutions.”

“The first resolution was regarding the scheme of arrangement to distribute approximately $234 million to
shareholders. This resolution achieved strong support with 99.95% percent of shareholders casting their votes
in favour of the Board’s recommendation.”

“The second resolution sought support from shareholders to revoke and amend PGW’s constitution to comply
with the new NZX Listing Rules. Again, this resolution received strong support with 98.82% percent of
shareholder votes cast in favour.”

“Following this endorsement by shareholders we will now make application to the High Court seeking final
orders to implement the scheme. Assuming orders are made by the Court, we would expect the scheme to
be implemented with payment made to shareholders in early August,” said Mr Finlay.

Special Resolution One: Scheme of Arrangement

Shareholders approved the special resolution for PGW to implement the scheme of arrangement and
distribution of capital to shareholders.

Votes for: 521,309,553 (99.95%)
Votes against: 267,356
Abstained: 1,628,131



Special Resolution Two: Replacement of Constitution

Shareholders approved the special resolution that PGWs existing constitution be revoked and the
amended constitution be adopted from the close of the Special Meeting.

Votes for: 513,168,239 (98.82%)
Votes against: 6,150,524
Abstained: 3,886,277




Ends


For additional information contact:
Julian Daly
General Manager Strategy & Corporate Affairs / Company Secretary
PGG Wrightson Limited
Telephone: +64 3 372 0972