Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Contact Issues Notice Of Meeting

21 January 2005

Contact Issues Notice Of Meeting

Contact Energy Ltd is proposing that shareholders adopt a new Constitution in its Notice of Meeting sent to shareholders today ahead of the company’s Annual Meeting in Wellington on 15 February 2005.

The proposed new Constitution is being updated to reflect recent changes to the New Zealand Stock Exchange (NZSX) Listing Rules and Companies Act 1993, to standardise and modernise various provisions and to clarify certain powers conferred on the Board.

As signalled in its Annual Report, Contact is not proposing to adopt the new Listing Rule that allows NZSX listed companies to update their constitutions to reflect Listing Rule changes via a one-time shareholder approval, after which relevant constitutional changes would be deemed to be adopted by companies as soon as they are promulgated by NZSX.

The Board’s view, shared by the New Zealand Shareholders’ Association, is that constitutional changes should always be referred to shareholders for consideration as a matter of principle. This provides an appropriate and important safeguard on fundamental shareholder rights.

Under the proposed new Constitution, therefore, all changes to the company’s Constitution will continue to be debated and voted on by shareholders.

Contact’s Notice of Meeting and proxy form for the Annual Meeting are available at the company’s website www.mycontact.co.nz, and are being mailed to shareholders from today.

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Media Mega Merger: StuffMe Hearing Argues Over Moveable Feast

New Zealand's two largest news publishers are appealing against the Commerce Commission's rejection of the proposal to merge their operations. More>>

Elsewhere:


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>

ALSO:


Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>

ALSO:

Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>