AWI to seek re-election at AGM in November

September 29, 2009 - Australia

Three current AWI board members will seek re-election at the company’s annual general meeting in November.

Chairman Wal Merriman, deputy chairman Roger Fletcher and Chick Olsson are the longest serving directors who will all retire by rotation and stand for re-election at the AGM.

Another long serving director Dr Kevin Bell has announced his retirement from the board with effect from 1 November 2009, when the number of board members will permanently reduce from nine to eight.

Chairman Wal Merriman said: ‘I would like to thank Dr Bell for his years of service to AWI, and we wish him well on his retirement.’

The board will accept nominations for directors of AWI from any person who is eligible, if that person is nominated by 100 or more shareholders who are eligible to vote at the AGM.

The board will only accept written nominations between 28 September and 16 October 2009, and which comply with the formal requirements.

Prospective board nominees are asked to advise the AWI company secretary of their intention to nominate as soon as possible and well before 16 October 2009. This will mean AWI can help nominees make sure their nomination is effective, including that their 100 supporters qualify and are AWI shareholders.

‘We need to know as soon as possible who is nominating, so that we can do all the checking, and avoid nominees being rejected,’ Mr Merriman said. ‘This means we would like nominees to contact us as soon as possible, even if they don’t yet have all their signatures.’

The election of directors will take place at the AWI AGM.

Australian Wool Innovation AGM
Date: 27 November 2009
Time: 10:00am
The Grace Hotel
Wilarra-Marra Room
77 York Street
Sydney NSW