South Port NZ Ltd – Results of Resolutions from AGM

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SOUTH PORT NEW ZEALAND LIMITED
29 October 2020

Results of South Port New Zealand Limited 2020 Annual Meeting

At South Port NZ Ltd’s shareholder meeting, held in Bluff on Thursday, 29 October 2020,
shareholders were asked to vote on four resolutions, which were supported by the Board.

The Directors’ Report, the Financial Statements and the Auditor’s Report for the year ended
30 June 2020 were received.

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

The resolutions passed by shareholders were:

1. That Mr Rex Thomas Chapman be re-elected as a Director of the Company.
2. That Mr Jeremy James McClean be re-elected as a Director of the Company

3. Auditors
That the Directors are authorised to fix the fees and expenses of Crowe as Agent for
The Controller and Auditor General.

4. Directors’ Remuneration
To consider and if thought fit, resolve to increase the maximum aggregate sum available
for payment to non-Executive Directors for each financial year commencing 1 July from
$278,100 to $289,500 (4.1% increase), such sum to be divided between the
non-Executive Directors as they determine.

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

Resolution For Against Abstain
1. THAT MR REX THOMAS CHAPMAN BE
RE-ELECTED AS A DIRECTOR OF THE
COMPANY.
22,215,430 1,500

0

2. THAT MR JEREMY JAMES McCLEAN BE
RE-ELECTED AS A DIRECTOR OF THE
COMPANY.
22,215,430 1,500

0

3. THAT THE DIRECTORS BE AUTHORISED TO
FIX THE FEES AND EXPENSES OF CROWE AS
AGENT FOR THE CONTROLLER AND AUDITOR
GENERAL
22,215,430 0 1,500
4. INCREASE THE MAXIMUM AGGREGATE SUM
AVAILABLE FOR PAYMENT TO
NON-EXECUTIVE DIRECTORS FOR EACH
FINANCIAL YEAR COMMENCING 1 JULY FROM
$278,100 TO $289,500 (4.1% INCREASE)
20,636,756 104,212 77,962

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Pursuant to NZX Listing Rule 3.3.3(a), the Board has determined that each of the following
Directors is an Independent Director:

▪ Rex Thomas Chapman
▪ Philip Wade Cory-Wright
▪ Thomas McCuish Foggo
▪ Nicola Jean Greer
▪ Clare Margaret Kearney
▪ Jeremy James McClean


Authority for this announcement
Name of person authorised to make this
announcement
Lara Stevens
Contact person for this announcement Lara Stevens
Contact phone number (03)212 6004
Contact email address lstevens@southport.co.nz
Date of release through MAP 29/10/2020