Results of 2022 Annual Shareholders’ Meeting

Scales Corporation Limited
Head Office: 52 Cashel Street | Christchurch 8013 | New Zealand
Postal: PO Box 1590 | Christchurch 8140 | New Zealand
Phone: +64 3 379 7720
scalescorporation.co.nz


9 June 2022


Results of Scales Corporation Limited 2022 Annual Shareholders’ Meeting

Scales Corporation Limited held its 2022 Annual Shareholders’ Meeting at 3.30pm on 8 June
2022.

Resolutions
All resolutions considered by shareholders at the meeting were passed. Details of the
number of votes cast, by poll, were as follows:


1. That the Board is authorised to fix the auditor’s remuneration for the coming year.

For: 60,271,435
Against: 21,300
Abstain: 35,388

2. Having retired by rotation, that Alan Isaac be re-elected as a Director.

For: 60,225,611
Against: 84,567
Abstain: 17,945

3. Having retired by rotation, that Nadine Tunley be re-elected as a Director.

For: 60,250,607
Against: 37,511
Abstain: 17,445

4. Having retired by rotation, that Andrew Borland be re-elected as a Director.

For: 60,222,513
Against: 87,497
Abstain: 17,445

5. Having been appointed during the year by the Board and holding office only until
the Annual Meeting, that Qi Xin be elected as a Director.

For: 60,170,829
Against: 106,510
Abstain: 50,116

Scales Corporation Limited
Head Office: 52 Cashel Street | Christchurch 8013 | New Zealand
Postal: PO Box 1590 | Christchurch 8140 | New Zealand
Phone: +64 3 379 7720
scalescorporation.co.nz


6. That the maximum total pool of Directors’ remuneration payable by Scales to
Directors (in their capacity as Directors) be increased by $50,000 per annum, from
a total pool of $600,000 per annum to $650,000 per annum, effective from the
close of the Annual Meeting, with such sum to be divided amongst the Directors as
the Board may from time to time determine.

For: 58,584,625
Against: 776,567
Abstain: 966,263


Director Independence
As required by the NZX Listing Rules, the Board of Scales Corporation Limited has
determined that the following Directors are Independent Directors:
• Tim Goodacre
• Nick Harris
• Alan Isaac
• Mark Hutton
• Nadine Tunley





For further information contact:
Steve Kennelly
Chief Financial Officer
Scales Corporation Limited
+64 3 371 2263 / +64 274 317587
www.scalescorporation.co.nz