DNZ 2011 Annual Meeting Results

DNZ 2011 Annual Meeting Results

DNZ 2011 Annual Meeting Results 10/08/2011

DNZ today declared the poll results of the three resolutions put to the Company’s Annual Meeting in Auckland this morning. All three resolutions were passed as follows:

 

Resolution 1

That the Directors be authorised to fix the fees and expenses of the auditor of the Company.

Votes for: 81,195,492 (99.80%)
Votes against: 166,260 (0.20%)

Resolution passed.

Resolution 2

That Timothy Ian Mackenzie Storey be re-elected as a director of the Company pursuant to clause 20.3 of the Constitution.

Votes for: 77,267,640 (94.91%)
Votes against: 4,141,835 (5.09%)

Resolution passed.

Resolution 3

That Edward John Harvey be re-elected as a director of the Company pursuant to clause 20.3 of the Constitution.

Votes for: 77,782,467 (95.76%)
Votes against: 3,445,400 (4.24%)

Resolution passed.

The Board has also determined, in accordance with listing rule 3.3.3(a) that Tim Storey, John Harvey, Michael Stiassny and David van Schaardenburg are “Independent Directors”.
 


 
Documents Provided to the NZX
DNZ Property Fund Annual Meeting – Chairmans and Chief Executives Address
DNZ Property Fund Annual Meeting Presentation

Downloads




For Further Information Please Contact:
Jennifer Whooley, Chief Financial Officer, DNZ Property Fund Limited
DDI: 09 913 1150 – Mobile: 021 536 406 – Email: jennifer.whooley@dnzproperty.com

DNZ Property Fund Overview
DNZ Property Fund Limited owns one of New Zealand’s largest diversified investment property portfolios with commercial office, retail and industrial properties located in the main urban areas throughout New Zealand.

As at 30 June 2011, DNZ Property Fund owned 50 properties with 285 tenants, a weighted average lease term (WALT) of 4.5 years, an occupancy rate of 98% over a net lettable area of 372,279m², and a portfolio value of $638m (31 March 2011 valuations).

DNZ Property Fund Limited is a Portfolio Investment Entity in which investors hold shares and is managed by its own internalised management team. DNZ Property Fund Limited also manages the property portfolio of Diversified NZ Property Fund Limited for Australian institutional investors.

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