Results of the 2022 Annual Meeting

Results of annual shareholders’ meeting

At Vector Limited’s shareholder meeting, held in Auckland and virtually on 29 September 2022, shareholders were asked to vote on eight 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:

• Election and re-election of directors

Paul Hutchison was elected as a director of the Company.

Jonathan Mason was re-elected as a Director of the Company for a further one year term.

Paula Rebstock was re-elected as a Director of the Company.

Alastair Bell was re-elected as a Director of the Company.

Doug McKay was elected as a Director of the Company with effect from 1 October 2022. The Board has determined that Doug McKay will be an independent director.

• Auditor reappointment

The meeting recorded the automatic reappointment of KPMG as the Company’s auditor, and authorised the directors to fix the auditors remuneration for the ensuing year.

• Amendment of Constitution

The meeting resolved as a special resolution to amend Vector’s constitution in the form and manner described in the Notice of Meeting.

• Director Remuneration

The meeting resolved that directors’ fees be set as a total annual fee pool, and increase over two financial years by $281,820 from $805,200 to $1,087,020 (plus GST, if any), with the first annual fee pool to apply to the 2023 financial year, and to be divided among the directors as the board determines, as more particularly described in the Notice of Meeting.


Detail of the total number of votes cast in person or by a proxy holder are:

To elect Paul Hutchison as a Director of the Company.
For 808,656,859 (98.76%)
Against 10,191,419 (1.24%)
Abstain 116,306

To re-elect Jonathan Mason as a Director of the Company for a further one year term ending on the date of the 2023 annual meeting of the Company.
For 812,327,374 (99.20%)
Against 6,554,438 (0.80%)
Abstain 82,772

To re-elect Paula Rebstock as a Director of the Company.
For 815,086,055 (99.53%)
Against 3,813,386 (0.47%)
Abstain 65,143

To re-elect Alastair Bell as a Director of the Company.
For 803,728,938 (98.15%)
Against 15,125,060 (1.85%)
Abstain 110,586

To elect Doug McKay as a Director of the Company with effect on and from 1 October 2022.
For 818,629,593 (99.97%)
Against 206,503 (0.03%)
Abstain 128,488

To record the automatic reappointment of the Auditor, KPMG, and to authorise the directors to fix the remuneration of the Auditor for the ensuring year.
For 818,522,624 (99.96%)
Against 367,515 (0.04%)
Abstain 33,759

To alter Vector’s constitution in the form and manner described in the Notice of Meeting, with effect from the close of the Annual Meeting.
For 781,056,776 (95.71%)
Against 35,000,455 (4.29%)
Abstain 2,866,667

That directors’ fees be set as a total annual fee pool, and increase over two financial years by $281,820 from $805,200 to $1,087,020 (plus GST, if any), with the first annual fee pool to apply to the 2023 financial year, and to be divided among the directors as the Board determines, as more particularly described in the Notice of Meeting.
For 816,831,431 (99.83%)
Against 1,430,805 (0.17%)
Abstain 661,662

Authority for this announcement
Name of person authorised to make this announcement
John Rodger
Contact person for this announcement
Investor contact
Jason Hollingworth, Chief Financial Officer, Vector
Media contact
Matthew Britton, Senior Communications Partner, Vector

Contact phone number Jason Hollingworth, +64 21 312 928
Matthew Britton +64 021 224 2966

Contact email address [email protected]
[email protected]

Date of release through MAP 30/09/2022


ENDS


About Vector
Vector is an innovative New Zealand energy company which runs a portfolio of businesses delivering energy and communication services to more than one million homes and commercial customers across Australasia, and the Pacific. Vector is leading the country in creating a new energy future through its Symphony strategy which puts customers at the heart of the energy system. Vector is listed on the New Zealand Stock Exchange with ticker symbol VCT. Our majority shareholder, with voting rights of 75.1%, is Entrust. For further information, visit www.vector.co.nz

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