PGG Wrightson Governance Update

PGG Wrightson Ltd | NZX Announcement 1







16 FEBRUARY 2024
PGG Wrightson Governance Update
The PGG Wrightson Limited (PGW) Board has by a majority today elected Garry Moore as an
Independent Chair.
Given the company plans to release its half-year results on 27 February, the PGW Board determined
that it is in the best interests of the company to have a New Zealand resident Chair to work closely
with the senior management team to continue to drive the business forward.
Mr Moore thanked Mr U Kean Seng for his work as an overseas-based Acting Chair since July 2023.
Mr U plans to remain a non-executive director, and Sarah Brown will continue as an Independent
Deputy Chair.
In relation to the recent request from Agria (Singapore) Pte Ltd for a special shareholders meeting to
be convened to vote on a number of proposed board changes, Mr Moore noted that “The Board had
convened its Nominations Committee to work through a robust process to consider the nominations
and other matters relevant to Agria’s notice. The Board will lead the process and take external legal
advice and consult with relevant regulators as appropriate.”
“In order to ensure full transparency, the PGW Board has also determined that all current and
nominated directors should provide full disclosure to the Nominations Committee of their credentials
ahead of the Special Shareholders Meeting. The Board has determined that in the present
circumstances, it is appropriate that all shareholders have sufficient information to make an informed
decision with respect to voting on the resolutions to be put to the meeting.”
“In the meantime, the Board has not withdrawn its invitation to Agria to re-engage in good faith
discussions in order to explore options for a more constructive outcome.”
“The Board is mindful of its duties to act in the best interests of the company whilst taking into account
the interests of all shareholders. In doing so, the Board intends to diligently ensure that PGW meets
its obligations under relevant regulation including the Companies Act, the NZX Listing Rules and also
the recommendations in the NZX Corporate Governance Code.”
“Further details will be announced when the Nominations Committee has had the opportunity to
complete its work. The PGW Board will then set the date for the meeting. In the meantime, it remains
business as usual for PGW as our 1,800 plus loyal and hard-working people focus on the important
work that PGW does every day as trusted advisers in providing key inputs and services for our farmer
and grower clients.” Mr Moore said.

For media enquiries contact:
Julian Daly
General Manager Corporate Affairs / Company Secretary
PGG Wrightson Limited
Mobile: +64 27 553 3373
Email: companysecretary@pggwrightson.co.nz
Registered Office:
PGG Wrightson Limited

PGG Wrightson Ltd | NZX Announcement 2
1 Robin Mann Place, Christchurch Airport
Christchurch 8053, New Zealand
Phone: 0800 10 22 76 / +64 3 477 4520
Website: pggwrightson.co.nz