| ||AWB Shareholders Receive Voting Forms for AGM|| ||
All 69,000 A and B class shareholders of AWB Limited will have recently received a Notice of Meeting and voting forms for AWB’s Annual General Meeting (AGM) in March.
The Notice of Meeting provides shareholders with details of all items of business that are to be voted on, particularly the resolution regarding the removal of the Capital Limitation on AWB.
At the 2001 AGM, shareholders will be asked to vote on an important resolution relating to the use of capital by the Company. The Company’s constitution requires that shareholders be asked at this AGM whether they want the capital limitation to continue.
Under its constitution AWB Limited is restricted in the amount of equity capital it can use for non-pool activities. Non-pool activities are activities apart from the operation of pools by AWB International. Typically, they include investments in grain-related commercial operations that create revenue for the company and potentially higher dividend payments to shareholders.
The removal of the capital restriction will not affect the main provisions embedded in the AWB’s Constitution which ensure that the pool is operated with the ability to fund National Pool Harvest Payment.
“Our primarily objective is to maximise net returns to growers who deliver to the National Pool,” said Mr Flügge.
The AGM will be held on Thursday 15th March 2001 at the Melbourne Exhibition Centre, 2 Clarendon Street, Southbank, Victoria.
If shareholders have any questions they should ring the AWB Shareholder Service Centre on 1800 810 032. AWB Limited’s Notice of Meeting 2001 is available on AWB Limited’s website www.awb.com.au.
For more information contact: Peter McBride, AWB Limited, on 03 9209 2174 or 0417 662 451