Nominations from around Australia for Director positions on the Board of AWB Limited and AWB (International) Limited have now closed, with thirteen candidates putting forward their names. The election of two positions on the Board of AWB Limited and one position on the Board of AWB (International) Limited will take place at the company’s Annual General Meeting (AGM) to be held in Melbourne on Thursday 15 March 2001.
At the AGM, Western Australian A class shareholders will elect one candidate to the Board of AWB Limited and NSW/ACT A class shareholders will elect one candidate to the Board of AWB (International) Limited. AWB Limited’s B class shareholders will elect one candidate to the Board of AWB Limited.
The following nominations have been received:
| A class candidates for AWB Limited
|| B class candidates for AWB Limited
| Mr Laurie Marshall
|| Mr Basil Samios
| Mr Brian Ellis
|| Mr Wayne Obst
| Mr David Brierly
|| Mr James Cox
| Mr Peter Maisey
|| Dr Graham Jackson
| Mr Kevin Jones
|| Mr Robert Barry
|| Mr Fabio Marzella
|| Mr Craig Masarei
A class candidate for AWB (International) Limited
Mr Ian Donges
Nominations closed at 5:00pm Friday 12th January 2001. Successful candidates will have a three-year term with a maximum of three terms of three years.
AWB Limited is controlled by a grower elected board. A class shareholders have the power to elect a majority of AWB Directors (seven out of a total of 12). The voting rights attached to an A class share are related to the tonnage of wheat delivered to AWB. Under AWB Limited’s constitution, a wheat grower is a person who produces wheat in Australia with an annual average tonnage of at least 33 1/3 tonnes. There are approximately 36,000 A class shareholders.
AWB Limited’s B class shares represent the equity formerly held in the Wheat Industry Fund and any single shareholder is restricted to a maximum holding of 10%. There are currently approximately 68,000 B class shareholders and these shareholders will elect a B class Director to the Board of AWB Limited.
Growers will find out more information about all candidates and AWB Limited’s AGM in a mailout (Notice of Meeting 2001) that will be distributed to shareholders by the 31st January 2001. AWB is encouraging all shareholders to vote either by attending the AGM on Thursday 15 March at the Melbourne Exhibition Centre, 2 Clarendon Street, Southbank, Victoria, or through the proxy or postal voting forms contained in the Notice of Meeting brochure.
If shareholders have any questions they should ring the AWB Shareholder Service Centre on 1800 810 032. AWB Limited’s Notice of Meeting 2001 will be available from AWB Limited’s website www.awb.com.au by Friday 19th January 2001.
For more information contact: Peter McBride, AWB Limited, on 03 9209 2174 or 0417 662 451