2013 Annual General Meeting

2013 Annual General Meeting Results

The 56th Annual General Meeting (AGM) of mecu Limited, trading as bankmecu, was held on Wednesday, 27 November 2013.

Results of the meeting are outlined below.

Appointment of Director

Motion: “That candidate John Baistow be appointed as a Director.”

Motion passed.

Proxy votes received that validly appoint a person present at the meeting

For

Against

Open

Abstain *

912

60

76

68

87.02%

5.73%

7.25%

 

76 (7.25%) Open votes will be cast by the Chair in FAVOUR of the resolution.

Total votes in FAVOUR after distribution of open votes 988 (94.27%)

* Not included in percentage total

Non-Executive Directors Remuneration

Motion: “That the total sum of $539,100 per annum be paid on a pro rata basis to the non-executive Directors by way of fees, concessions and other benefits.  The Directors may determine how the sum is to be apportioned among them and how and when it is to be paid.  The said sum includes relevant taxes payable either by the Company or Directors.”

Motion passed.

Proxy votes received that validly appoint a person present at the meeting

For

Against

Open

Abstain *

650

282

75

109

64.55%

28.00%

7.45%

 

 75 (7.45%) Open votes will be cast by the Chair in FAVOUR of the resolution.

Total votes in FAVOUR after distribution of open votes 725 (72.00%)

* Not included in percentage total

Appointment of Auditor

Motion: “That Ernst & Young, having been duly nominated in accordance with Section 328B(1) of the Corporations Act 2001, and having consented to act as auditor in accordance with section 328A(1) of the Corporations Act 2001, be appointed as auditors of the Company.”

Motion passed.

Proxy votes received that validly appoint a person present at the meeting

For

Against

Open

Abstain *

964

43

76

33

89.01%

3.97%

7.02%

 

76 (7.02%) Open votes will be cast by the Chair in FAVOUR of the resolution.

Total votes in FAVOUR after distribution of open votes 1,040 (96.03%)

* Not included in percentage total

 

Watch the webcast

If you couldn't attend in person you can watch the meeting via the recorded webcast.

Please visit the bankmecu 2013 Annual General Meeting Webcast page to access the webcast.

View a copy of the presentation.