2023 Special Shareholders' Meeting
20 December 2023
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Information in this document is provided for general information purposes only.
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SSM Presentation | |
Page | 2 | 20 December2023 |
Agenda
Meeting Preamble:
- Quorum
- Notice of meeting
- Apologies
- Introductions
Business of Meeting:
- Resolution 1: Approval of Repower Transactions - Ordinary Resolution
- Resolution 2: Ratification of Share Placement - Ordinary Resolution
- Resolution 3 : Remuneration of directors - Ordinary Resolution
- General Business and Q & A
SSM Presentation | |
Page | 3 | 20 December2023 |
Craig Stobo | Philip Cory-Wright | Patrick Brockie | Neal Barclay | Christine Spring |
Independent Director | Independent Director | Independent Director | Non - Independent | Independent Director |
Chairman | Director | |||
Board of Directors
Page | 4
NZ Windfarms
Limited
Annual Meeting
Online Guide
Page | 5
Business of Meeting
Business of Meeting:
- Resolution 1: Approval of Repower Transactions - Ordinary Resolution
- Resolution 2: Ratification of Share Placement - Ordinary Resolution
- Resolution 3 : Remuneration of directors - Ordinary Resolution
- General Business and Q & A
SSM Presentation | |
Page | 6 | 20 December2023 |
Proxy and Postal Votes as at 18 December 2023
1. Repower | 2. Approve Placement | 3. Director fees | |
Transaction | |||
Proxy votes already cast: | |||
For | 65,372,791 | 65,650,752 | 128,176,169 |
Against | 6,727,367 | 6,821,264 | 16,903,110 |
Abstain1 | 3,750,424 | 73,314,117 | 871,635 |
Discretionary proxy votes | 3,750,424 | 3,750,494 | 2,775,347 |
not yet cast:2 | |||
Total Proxy Votes:3 | 75,850,582 | 76,222,510 | 147,854,626 |
- Abstain votes not counted in total proxy votes.
- Votes held by the Chairman and other proxies.
- Total issued shares of 363,900,692.
SSM Presentation | |
Page | 7 | 20 December2023 |
Resolution 1:
Approval of Repower
Transactions
- Ordinary Resolution
Page | 8
Repower Transactions
- JV: Joint venture with Meridian Energy Limited for repower and extension of Te Rere Hau windfarm.
- Asset sale: Sale of the existing windfarm assets to the JV subject to Final Investment Decision.
- Investment: Investment by NZ Windfarms in the JV up to a 50% interest.
- Equity raise: Raising equity in NZ Windfarms' JV investment vehicle provided that control is retained.
- Subject to FID: The decision to proceed with the repower and extension will be subject to Final Investment Decision by the boards of NZ Windfarms and Meridian.
SSM Presentation | |
Page | 9 | 20 December2023 |
Resolution 2:
Approval of Placement - Ordinary Resolution
Page | 10
Attachments
- Original Link
- Original Document
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Disclaimer
NZ Windfarms Limited published this content on 19 December 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 December 2023 02:02:35 UTC.