Metroglass announces Director resignation
Metro Performance Glass
5 Lady Fisher Place
East Tamaki
Auckland 2013
Market Release
NZX: MPG, ASX: MPP
24 July 2023
Metroglass announces Director resignation
Metro Performance Glass Limited (“Metroglass”) announces that Mr Rhys Jones has tendered his resignation as
Director of the Board, with immediate effect. Mr Jones has been an independent Director since 2018.
Chair Peter Griffiths said: “On behalf of the Board of Directors and management I would like to sincerely thank
Rhys for his invaluable contribution and commitment to Metroglass. It is unfortunate that the board is losing
Rhys’s knowledge and expertise at this time.”
In accordance with the Metroglass Board Charter and Code of Ethics, Mr Jones declared his interests shortly
after he was appointed, including his role as Chief Executive Officer of Vulcan Steel Ltd. He is resigning now to
avoid any perception of a conflict of interest as Takutai Limited is a substantial shareholder in both Vulcan Steel
Ltd and Metroglass.
As is usual practice, the Metroglass board had established a sub-committee for the purpose of managing the
announced sale process of AGG. The committee has also led the board’s response to the recent unsolicited
proposal from Takutai Limited and Masfen Securities Limited. Mr Jones has not been a member of that sub-
committee.
Recruitment for a replacement Director has begun, and further details will be announced in due course.
Peter Griffiths
Metro Performance Glass Chair
For further information, please contact:
Liam Hunt, Investor Relations
(+64) 022 010 4377
liam.hunt@metroglass.co.nz
Authorised for release by the Metroglass Board.
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