At Steel & Tube Holdings Limited’s shareholder meeting, held in Auckland today, shareholders were asked to vote on four 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:
- RESOLUTION 1: AUDITORS REMUNERATION
- RESOLUTION 2: RE-ELECTION OF JOHN BEVERIDGE
- RESOLUTION 3: ELECTION OF ANDREW FLAVELL
- RESOLUTION 4: DIRECTORS’ REMUNERATION
Detail of the total number of votes cast in person or by a proxy holder are:
Resolution | For | Against | Abstain |
|---|---|---|---|
AUDITOR’S REMUNERATION That the Directors be authorised to fix the fees and expenses of KPMG as the company’s auditor. | 55,623,869 99.33% | 373,202 0.67% | 24,466 |
RE-ELECTION OF JOHN BEVERIDGE That John Beveridge, who retires by rotation and is eligible for re-election, be re-elected as a Director of the Company. | 55,913,990 99.84% | 90,596 0.16% | 16,951 |
ELECTION OF ANDREW FLAVELL That Andrew Flavell, who was appointed as a Director by the Board during the year, be elected as a Director of the Company. | 55,972,250 99.97% | 19,438 0.03% | 29,849 |
DIRECTORS’ REMUNERATION To authorise, for the purpose of NZX Main Board Listing Rule 2.11, an increase in the total amount of remuneration payable per annum to non-executive Directors from $575,000 to $642,500 an increase of $67,500 (12% - an average of 2.3% per annum for the past five years), to be paid and allocated to the non-executive Directors as the Board considers appropriate. | 47,219,237 85.67% | 7,895,969 14.33% | 906,331 |
Authority for this announcement | |
|---|---|
Name of person authorised to make this announcement | Richard Smyth |
Contact person for this announcement | Chief Financial Officer & Company Secretary |
Contact phone number | +64 21 646 822 |
Contact email address | |
Date of release through MAP | 30/9/2022 |
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