Clarification of Business Desk Article

26 MARCH 2024

Clarification of Business Desk Article

Garry Moore, Chair of PGG Wrightson Limited (PGW) wishes to clarify a quote discussed in the Business Desk article released today under the heading “Meng Foon won't quit as a PGG Wrightson director.”

The article notes that Mr Moore had commented that the New Zealand Shareholders Association had identified Meng Foon as an Agria representative rather than an independent director and that “We agree with them”, implying that this reflected a determination of the PGW Board.

Mr Moore wished to clarify that while this comment reflected his view and the views of some other directors, the independence determination had not been formally reconsidered by the PGW Board recently. This matter would however be reconsidered by the PGW Board in the near future and if there was any change in the current determination that Meng Foon was an Independent Director, this would be announced to the market.



For media enquiries contact:
Julian Daly
General Manager Corporate Affairs / Company Secretary
PGG Wrightson Limited
Mobile: +64 27 553 3373
Email: [email protected]

Registered Office:
PGG Wrightson Limited
1 Robin Mann Place, Christchurch Airport
Christchurch 8053, New Zealand
Phone: 0800 10 22 76 / +64 3 477 4520
Website: pggwrightson.co.nz

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Announcement PDF