NOT PRICE SENSITIVE
REL: 0951 HRS Rakon Limited
DIRECTOR: RAK: Resignation of Sir Peter Maire from the Board of Rakon
22 February 2017
Resignation of Sir Peter Maire from the Board of Rakon
Rakon today announces the resignation of Sir Peter Maire from the Board of
Rakon Limited (NZX: RAK).
Sir Peter has been a director of Rakon for the past 16 years and with his
well-known technical knowledge and skills has made major contributions to the
Sir Peter said, "my decision to leave the Board now is because my other
business interests are demanding much more of my time and with the arrival of
Siward as a high quality major shareholder and potential future business
partner, my specific skills are well replaced by their involvement".
Rakon's Chairman, Bryan Mogridge paid tribute to Sir Peter and his input
around the Board table, in wishing him well for the future.
As has been previously noted, Rakon is in the process of selecting and
appointing new directors. These new director appointments are expected to be
made in the next few weeks.
The Board confirms that it remains compliant with Listing Rule 3.3.1, whereby
the Board contains the required number of independent directors for the
composition of the Board. These are re-confirmed as Bryan William Mogridge
(Independent Chairman) and Bruce Robertson Irvine (Independent Director).
Chief Financial Officer
Rakon (09) 571 9206
End CA:00297198 For:RAK Type:DIRECTOR Time:2017-02-22 09:51:38