They related to changes to the Beef + Lamb New Zealand Constitution, changing the directors’ fees pool and appointing an auditor.
The official results from Electionz.com who conducted the vote on behalf of Beef + Lamb New Zealand are:
RESOLUTION 1 - FARMERS’ SPECIAL RESOLUTION (weighted vote)
(i) That the amendments to Beef + Lamb New Zealand Ltd’s constitution (the Constitution), being those amendments summarised in this Notice of Annual General Meeting of Farmers (Amendments), be approved; and (ii) that Meat and Wool Trust Limited (as the sole shareholder of Beef +Lamb New Zealand Ltd) be directed to alter the Constitution of Beef +Lamb New Zealand Ltd to incorporate the Amendments.
|Votes by farmer||35,069||907||1,263||328|
|Votes as a % of weighted votes cast||93.35%||2.41%||3.36%||0.87%|
Resolution 2 - FARMERS’ ORDINARY RESOLUTION (one person, one vote)
That the increase proposed to the total aggregate amount payable by way of directors’ fees from $320,250 per annum to $331,400 per annum (being an increase of $11,150 per annum), to give effect to the recommendations of the Independent Board Remuneration Committee, be approved.
|Votes by Farmer||1,060||74||653||12|
|Votes as a % of Famers who voted||58.92%||4.11%||36.30%||0.67%|
Resolution 3 - FARMERS’ ORDINARY RESOLUTION (one person, one vote)
That KPMG be appointed as Beef + Lamb New Zealand Ltd’s auditor for the year ending 30 September 2017.
|Votes by Farmer||1,715||30||37||17|
|Votes as a % of Famers who voted||95.33%||1.67%||2.06%||0.94%|
The voting percentage, excluding proxy votes is 11.06%, being 1,799 votes received from 16,261 farmers, of which 53.79% voted by post and 46.21% voted online.
For more information please contact Warwick Lampp, Returning Officer – Beef + Lamb New Zealand Ltd, phone 0800 666 030.