Results of Heartland 2022 Annual Shareholder Meeting

Heartland Group Holdings Limited | NZX/ASX: HGH | PO Box 9919, Newmarket, Auckland 1149 | shareholders.heartland.co.nz

NZX/ASX release
8 November 2022


Results of Heartland 2022 Annual Shareholder Meeting


At Heartland Group Holdings Limited’s (Heartland, Heartland Group) (NZX/ASX: HGH) annual
shareholder meeting held online today, shareholders were asked to vote on six resolutions which
were supported by the Board.

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

The resolutions passed by shareholders were:

‒ That Geoffrey Ricketts, who retires by rotation and is eligible for re-election, be re-elected as a
director of Heartland Group.

‒ That Jeff Greenslade, who retires by rotation and is eligible for re-election, be re-elected as a
director of Heartland Group.

‒ That the total annual remuneration available to all non-executive directors be increased from
NZ$1,200,000 to NZ$1,600,000 or AUD$1,400,000 (whichever is the greater amount from time-
to-time), an increase of NZ$400,000 (33%) effective for the financial year ending 30 June 2023
and onwards, with such sum to be divided amongst the nonexecutive directors as the Board
may from time-to-time determine.

‒ That the shareholders of Heartland approve and ratify for all purposes, including NZX Listing
Rule 4.5.1(c), the previous issue under NZX Listing Rule 4.5.1 of 72,222,222 fully paid ordinary
shares in Heartland to investors at an issue price of NZ$1.80 per share on 29 August 2022.

‒ That the shareholders of Heartland approve and ratify for all purposes, including NZX Listing
Rule 4.5.1(c), the Share Purchase Plan announced by Heartland on 23 August 2022, including
the issue under NZX Listing Rule 4.5.1 of 14,989,825 fully paid ordinary shares, and the issue
under NZX Listing Rule 4.3.1(c) of 23,832,633 fully paid ordinary shares, in Heartland to
investors at an issue price of NZ$1.7674 (A$1.5857 in respect of eligible shareholders who
applied in Australian dollars) per share on 9 September 2022.

‒ That the board be authorised to fix the remuneration of Heartland’s auditor, KPMG, for the
financial year ending 30 June 2023.

The total number of votes cast in person or by a proxy holder are detailed on the following page.

Heartland Group Holdings Limited | 0800 85 20 20 | PO Box 9919, Newmarket, Auckland 1149 | shareholders.heartland.co.nz
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Resolution For Against Abstain
That Geoffrey Ricketts, who retires by rotation and is
eligible for re-election, be re-elected as a director of
Heartland Group.
220,049,798
91.30%
20,976,762
8.70%
945,982
That Jeff Greenslade, who retires by rotation and is
eligible for re-election, be re-elected as a director of
Heartland Group.
240,237,266
99.58%
1,007,143
0.42%
728,133
That the total annual remuneration available to all
non-executive directors be increased from
NZ$1,200,000 to NZ$1,600,000 or AUD$1,400,000
(whichever is the greater amount from time-to-
time), an increase of NZ$400,000 (33%) effective for
the financial year ending 30 June 2023 and onwards,
with such sum to be divided amongst the
nonexecutive directors as the Board may from time-
to-time determine.
143,473,855
95.07%
7,435,333
4.93%
1,704,371
That the shareholders of Heartland approve and
ratify for all purposes, including NZX Listing Rule
4.5.1(c), the previous issue under NZX Listing Rule
4.5.1 of 72,222,222 fully paid ordinary shares in
Heartland to investors at an issue price of NZ$1.80
per share on 29 August 2022.
127,351,608
99.49%
647,528
0.51%
18,671,496
That the shareholders of Heartland approve and
ratify for all purposes, including NZX Listing Rule
4.5.1(c), the Share Purchase Plan announced by
Heartland on 23 August 2022, including the issue
under NZX Listing Rule 4.5.1 of 14,989,825 fully paid
ordinary shares, and the issue under NZX Listing Rule
4.3.1(c) of 23,832,633 fully paid ordinary shares, in
Heartland to investors at an issue price of NZ$1.7674
(A$1.5857 in respect of eligible shareholders who
applied in Australian dollars) per share on 9
September 2022.
198,710,342
99.83%
347,985
0.17%
15,003,523
That the board be authorised to fix the
remuneration of Heartland’s auditor, KPMG, for the
financial year ending 30 June 2023.
240,056,991
99.48%
1,246,475
0.52%
669,076

At the meeting Geoffrey Ricketts, the current Chair of the board of directors of Heartland, also
announced his intention to not stand for re-election as a director of Heartland at the end of his
current term.

– ENDS –

The person(s) who authorised this announcement:
Jeff Greenslade
Chief Executive Officer

Heartland Group Holdings Limited | 0800 85 20 20 | PO Box 9919, Newmarket, Auckland 1149 | shareholders.heartland.co.nz
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Geoff Ricketts
Chair of the Board

For further information, please contact:
Nicola Foley
Group Head of Communications
027 345 6809
nicola.foley@heartland.co.nz
Level 3, Heartland House, 35 Teed Street, Newmarket, Auckland, New Zealand