Results of 2008 Annual Shareholders Meeting
The results of the resolutions proposed at Satara''s Annual Shareholders
Meeting held on Tuesday 29th April 2008 were as follows:
1. To receive the Annual Report for the year ended 31 December 2007.
PASSED ON A SHOW OF HANDS.
2. Receive the minutes from the previous Annual Shareholders Meeting.
PASSED ON A SHOW OF HANDS
3. To authorise the directors to fix the remuneration of the auditor.
PASSED ON A SHOW OF HANDS
4. To approve an increase in directors remuneration.
REJECTED BY POLL (34% FOR, 66% AGAINST)
5. Re-election of Mr Graeme Milne as a Commercial Director.
PASSED BY POLL (86% FOR, 14% AGAINST)
6. Election of Mr Tom Wilson as a Commercial Director.
PASSED BY POLL (86% FOR, 14% AGAINST)
7. Re-election of Mrs Jenny Natusch as a Grower Director.
PASSED BY POLL (78% FOR, 22% AGAINST)
8. Election of Mr Mike Maltby as a Grower Director.
PASSED BY POLL (90% FOR, 10% AGAINST)
9. Election of Mr Brian Thompson as a Grower Director.
REJECTED BY POLL (43% FOR, 57% AGAINST)
10. That all directors retire by rotation in each year.
REJECTED BY POLL (15% FOR, 85% AGAINST)
11. That the Investor Shareholder cap of 10% should not apply.
REJECTED BY POLL (18% FOR, 82% AGAINST)
12. That part of directors and management remuneration be paid by the issue
of Investor Shares.
REJECTED BY POLL (24% FOR, 76% AGAINST)
13. That the Company be sold if a specified return on assets is not
achieved.
REJECTED BY POLL (13% FOR, 87% AGAINST)
14. That a sub-committee be formed to consider industry rationalisation and
takeover approaches.
REJECTED BY POLL (21% FOR, 79% AGAINST)
15. That a search commences for a new independent Chairman.
REJECTED BY POLL (19% FOR, 81% AGAINST)
For further information contact:
Paul Moriarty
Chief Financial Officer
07 573 3400
End CA:00163914 For:SAT Type:MEETING Time:2008-04-30:16:34:28