New Zealand Oil & Gas Ltd has sent out a Notice of Meeting, inviting shareholders to attend the 2008 Annual Meeting. This is being held on Wednesday 29 October at the Holiday Inn, Wellington, starting at 10.30am. Shareholders are asked to return an RSVP card if they wish to attend and are being provided with a Proxy Voting Card.
There will be an audio webcast of the Annual Meeting and NZOG is also holding briefings in Auckland and Christchurch the following day.
The agenda for the Annual Meeting is as follows:
CHAIRMAN'S ADDRESS
CHIEF EXECUTIVE OFFICER'S PRESENTATION
SHAREHOLDER QUESTIONS
SPECIAL RESOLUTION
To consider and, if thought fit, pass the following special resolution, requiring a majority of 75% of votes by those shareholders entitled to vote and voting:
Resolution 1: That the proposed new Constitution tabled at the meeting, and signed by the Chairman of the meeting for the purpose of identification, be and is hereby adopted as the Constitution of the Company, in substitution for the present Constitution of the Company.
ORDINARY RESOLUTIONS
To consider and, if thought fit, pass the following ordinary resolutions, requiring a simple majority of votes by those shareholders entitled to vote and voting:
Resolution 2: That the Company's Board of Directors be authorised to fix the auditor's remuneration.
Resolution 3: That Prof R F Meyer be re-elected as a Director.
Resolution 4: That Mr S J Rawson be re-elected as a Director.
Resolution 5: That Mr A T N Knight be re-elected as a Director.
Resolution 6: That Directors' fees be increased to a maximum of $600,000 per annum being the combined aggregate for all non-executive Directors.
Resolution 7: That the Board is authorised to issue during the period of 12 months following the date of this resolution up to 150,000 partly paid shares in the Company to Mr Andrew Knight, being a non-executive Director, such issue to occur as a result of the acceptance of an offer of such shares to Mr Knight in accordance with the terms of the Company's Employee Share Ownership Plan.
Resolution 8: That the Board is authorised at its discretion to issue during the period of 12 months following the date of this resolution up to 250,000 partly paid shares in the Company to the Company's Managing Director and Chief Executive Officer Mr David Salisbury, such issue to occur as a result of the acceptance of an offer of such shares to Mr Salisbury in accordance with the terms of the Company's Employee Share Ownership Plan following a determination (if any) by the Company's Executive Appointments and Remuneration Committee that such an offer be made.
GENERAL BUSINESS
The venue and timing details for the Annual Meeting and subsequent briefings are as follows:
ANNUAL MEETING
10.30am Wednesday 29 October 2008
Level 2, Holiday Inn
75 Featherston St
Wellington
A live webcast of the Annual Meeting will be available at www.nzog.com/agm
AUCKLAND BRIEFING
10am Thursday 30 October 2008
Crowne Plaza
128 Albert St
Auckland
CHRISTCHURCH BRIEFING
6pm Thursday 30 October 2008
The George
50 Park Terrace
Christchurch
ENDS
Notice of Meeting [126kB]
