SHINTR – Accordant

NZSX Listing Rule 3.3.3

Shereen Low — Wed, 26 Jul 2017 00:30:30 +0000

As required by NZSX Listing Rule 3.3.3 the Board of AWF Madison Group Limited has determined that the following Directors are independent, as that term is defined by NZSX Listing Rule 1.6.1:
Directors
Ross Keenan
Eduard van Arkel
Julia Hoare
For more information please contact
David Lazarus
Group Company Secretary
Phone +64 21 449 965

Explanatory Memorandum

Ross Keenan — Mon, 10 Jul 2017 05:00:02 +0000

Following a request from a shareholder for additional information regarding proposed Resolution 3 — Director Fee Pool (Ordinary Resolution), we provide shareholders with the following additional information in relation thereto:
AWF Madison has a Board of five Directors and notwithstanding the Group’s ongoing growth objectives, we propose maintaining that number. Provision needs to be made however, for generational shift in the mix of Directors over the next two to three years, whilst retaining skill mix and industry knowledge. In practical terms, this means carrying the cost of the equivalent of an extra Director through that process.
As at the end of the 31 March 2017 Year, Directors were each paid $52,000 per annum and the Chair $94,000. Examination of various independent reports indicates that the level of fees paid to our Directors was falling behind the mid-range of individual Director fees for companies comparable in size to AWF Madison Group.
Accordingly, an adjustment to Directors’ Fees to $60,000 per annum and Chairman to $115,000, was made effective 1 July 2017.
In order to provide guidance, the Board commissioned an Independent Recommendation from Strategic Pay Ltd., as to appropriate fee range for Director fees moving forward. This report is now available and a summary of recommendations is attached.
This Explanatory Memorandum should be read in conjunction with the note contained in Resolution3, in the Notice of Meeting dated 28 June 2017.
Ross B Keenan
Chairman
021 685 655
Summary of Group Fees Report

Disclosure Document

Shereen Low — Mon, 03 Jul 2017 20:48:05 +0000

Disclosure document relating to the giving of financial assistance and the acquisition of shares in connection with the company’s restricted share scheme.
2017 Disclosure Document – AWF 2016 Share Scheme

Disclosure Of Directorâ€™s Relevant Interests – Wynnis Armour

Shereen Low — Tue, 06 Jun 2017 05:58:27 +0000

Disclosure of Director’s Relevant Interests – Wynnis Armour