Independent Director
®
is a registered Trademark of Wellington Drive Technologies WT 9470
Wellington Drive Technologies Ltd
P: +64 9 477 4500 E: info@wdtl.com
21 Arrenway Drive, Rosedale, Auckland 0632
PO Box 302-533 North Harbour, Auckland 0751, New Zealand
www.wdtl.com
18 November 2020
Market Announcement
For immediate release
Wellington Drive Technologies announces John McMahon is now an Independent
Director
The Wellington Drive Technologies Limited Board has determined that Chairman John McMahon is an
independent director of the Company. He was previously determined to be a non-independent director under
the NZX Listing Rules because he is a director of NZX Limited, the parent company of Smartshares Limited,
which was a substantial product holder of Wellington. Smartshares issued a Substantial Product Holder
Notice to the NZX on 17 November 2020 advising that they had exited the Wellington share register.
About Wellington Drive Technologies
Wellington is a leading provider of IoT solutions, cloud-based fleet management platforms, energy-
efficient electronic motors and connected refrigeration control solutions. It serves some of the world’s
leading food and beverage brands and refrigerator manufacturers and offers proximity-based marketing
for Smart Cities to the Australian market. Wellington’s services and products improve sales, decrease
costs and reduce energy consumption. Headquartered in Auckland with a global reach, Wellington is
listed on the New Zealand stock exchange under the ticker symbol NZ:WDT
For further information visit www.wdtl.com
Contact:
Howard Milliner
Company Secretary
Phone 027-5870455
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
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