TELECOM SHAREHOLDERS RE-ELECTED DIRECTORS TO BOARD

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At Telecom’s annual meeting in Auckland today, shareholders re-elected chairman Wayne Boyd and director Ron Spithill, and elected Sachio Semmoto as a new director.

Self-nominated shareholder, Tim Rooke, was not appointed to the board.

Telecom Chairman Wayne Boyd said the annual meeting enabled shareholders to have their say on a range of issues affecting the company.

“It was pleasing to see the level of shareholder participation in today’s meeting, particularly in expressing their confidence in the company’s leadership and direction.

“18 months into the company’s five-year transformation strategy, rebuilding almost every aspect of our business and continuing to invest heavily in building world-class infrastructure, Paul and his team have delivered across a wide range of fronts,” Mr Boyd said.

Voting results

Shareholders were asked to vote on five resolutions, four of which were supported by the Board. All resolutions were decided by poll.

Resolutions passed by shareholders today were:

Details of the total number of votes cast in person or by the proxy on the poll were:

Details of the manner in which shareholders directed the proxy to vote at proxy close (and included above):

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For more information please contact:

Mark Watts

Head of external media

027 2504 018

News Source : TELECOM SHAREHOLDERS RE-ELECTED DIRECTORS TO BOARD