Port of Tauranga shareholders approve director re-elections, fee increase

At its Annual Shareholder Meeting on October 31, 2025, Port of Tauranga Limited shareholders voted to re-elect Dean Bracewell and Brodie Stevens as directors of the company with overwhelming support. Mr. Bracewell's re-election passed with 99.44% of votes For, while Mr. Stevens' re-election received 99.45% For.

Shareholders also approved an increase in the directors' fees pool by NZD 106,500, raising the total from NZD 1,125,000 to NZD 1,231,500 per annum. This resolution garnered 98.54% of votes in favor. Additionally, the Auditor-General was reappointed as auditor of the company, with 99.91% support, and the directors were authorized to fix the auditor's remuneration for the ensuing year.

The board confirmed that all Port of Tauranga directors, with the exception of Fraser Whineray and Douglas Leeder, are independent directors. The resolutions were supported by the board and all voting was conducted by a poll as required by NZX Listing Rule 6.1.