The annual meeting of shareholders of The Colonial Motor Company Limited was held in the company’s registered office at 89 Courtenay Place in Wellington today, 5 November 2010.
John Wylie, chairman of the board of directors, addressed the meeting on the performance of the company and its subsidiaries during the year to 30 June 2010 and subsequently. The full text of the speech is attached.
The following resolutions were passed.
1. To re-elect Peter John Aitken as a director of the company
2. To re-elect John Alexander Wylie as a director of the company
3. To increase the annual remuneration payable to directors to $225,000
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
