25 October 2016
South Port New Zealand Limited Annual Meeting
Results of Resolutions at Annual Meeting
and Directors'' Independence
All resolutions proposed at the South Port New Zealand Limited Annual Meeting
held in Bluff on Thursday, 20 October 2016 were passed. Those resolutions
comprised:
1. Adoption of Financial Statements for the year ended 30 June 2016 and the
Reports of the Directors and Auditors.
2.
(i) Re-election of Mr Philip Wade Cory-Wright as a Director; and
(ii) Election of Mrs Clare Margaret Kearney as a Director.
3. Increasing total remuneration payable to Directors from $235,520 to
$270,000 (being an increase of $34,480 (14.6%)), such sum to be divided
between the non executive Directors as they determine.
4. Authorisation of Directors to fix the remuneration of the Auditors for the
ensuing year.
Also, pursuant to NZX Listing Rule 3.3.3(a), the Board has determined that
each of the following Directors is an Independent Director:
? Rex Thomas Chapman
? Richard Gordon Maxwell Christie
? Philip Wade Cory-Wright
? Thomas McCuish Foggo
? Clare Margaret Kearney
? Jeremy James McClean
LARA STEVENS
Finance Manager
End CA:00291397 For:SPN Type:MEETING Time:2016-10-25 11:00:34