100th annual meeting

The 100th annual meeting of shareholders of The Colonial Motor Company Limited was held in Wellington today, 2 November 2018. Jim Gibbons, Chairman of the board of directors, addressed the meeting on the performance of the company and its subsidiaries during the year to 30 June 2018 and subsequently. The text of the speech is attached. The following resolutions were passed. 1. To re-elect Graeme Durrad Gibbons as a director of the company. 2. To re-elect Ashley James Waugh as a director of the company 3. To authorise an increase in the annual remuneration payable to directors from $255,000 to $280,000 with effect from 1 July 2018. 4. To record the on-going appointment of Grant Thornton as auditor of the company and to authorise the directors to fix the auditor's remuneration. End CA:00326260 For:CMO Type:MEETING Time:2018-11-02 15:31:39