RAK 2020 Annual Meeting Voting Results

Rakon Limited
T +64 9 573 5554, F +64 9 573 5559
8 Sylvia Park Road, Mt Wellington, Auckland 1060, New Zealand
Private Bag 99943, Newmarket, Auckland 1149, New Zealand
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10 August 2020

Rakon Limited (RAK) 2020 Annual Meeting Voting Results

The Annual Meeting of Shareholders of Rakon Limited was held on Friday 7 August 2020 at
2.00pm in the Guineas 1 Room, Ellerslie Event Centre, 80 Ascot Avenue, Remuera, Auckland,
New Zealand.

All resolutions were decided by poll and were passed. The numbers and percentages of votes
of shareholders entitled to vote and voting on each ordinary resolution, in person or by proxy,
were as follows:
1. Lorraine Mary Witten re-election as a Director of Rakon Limited.

For: 108,621,092 86.62% Against: 16,771,486 13.38% Abstain: 60,173


2. Keith William Oliver re-election as a Director of Rakon Limited.

For: 108,542,722 86.56% Against: 16,846,856 13.44% Abstain: 63,173


3. Yin Tang Tseng re-election as a Director of Rakon Limited.

For: 108,569,464 86.58% Against: 16,823,114 13.42% Abstain: 60,173


4. Directors authorisation to fix the auditor’s remuneration for the following year.
For: 110,261,736 87.89% Against: 15,191,015 12.11% Abstain: 0

The Board has determined that Directors Mr Keith Oliver and Ms Lorraine Witten (who stood
for re-election at the meeting) and Mr Bruce Irvine and Mr Keith Watson are Independent
Directors. The Board’s criteria for determining independence is consistent with the NZX
Listing Rules.
-ends-

Contact:
Maureen Shaddick
Company Secretary
+64 9 571 9238

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www.rakon.com


About Rakon
Rakon is a global high technology company and a world leader in its field. The company designs and
manufactures advanced frequency control and timing solutions. Its three core markets are Telecommunications,
Global Positioning and Space and Defence. Rakon products are found at the forefront of communications where
speed and reliability are paramount. The company’s products create extremely accurate electric signals which
are used to generate radio waves and synchronise time in the most demanding communication applications.
Rakon has three manufacturing plants, and has six research and development centres. Customer support
personnel are located in sixteen offices worldwide. Rakon is proud of its New Zealand heritage; it was founded
in Auckland in 1967. It is a public company listed on the New Zealand stock exchange, NZX, ticker code RAK.