NOT PRICE SENSITIVE
REL: 1044 HRS Rakon Limited
GENERAL: RAK: Appointment of Roger Yao as Alternate Director
27 June 2017
Appointment of Roger Yao as Alternate Director
The Board of Rakon Limited (NZX:RAK) announces that Yin Tang (Tony) Tseng has
appointed Roger Yao as his alternate director for Rakon Limited (Rakon).
The appointment is effective from 27 June 2017 and has been approved by the
Board in accordance with Rakon's Constitution.
Tony Tseng will continue to be actively engaged in the activities of the
Board, and will be supported by Roger Yao's English language skills. The
Board confirms Tony Tseng will stand for election by shareholders at the next
annual meeting, as a result of his appointment under a casual vacancy.
As was the case with Tony Tseng, the Board has determined that Roger Yao is
not an independent director for the purposes of NZX Listing Rule 3.3.2.
Chair of Rakon Limited
Simon Bosley (CFO)
09 571 9206
Rakon is a global high technology company and a world leader in its field.
The company designs and manufactures advanced frequency control and timing
solutions for telecommunications, global positioning and space and defence
applications. Rakon products are found at the forefront of communications
where speed and/or reliability are paramount. The company's products provide
extremely accurate clocking signals, which are then used to generate precise
electrical, radio or optical signals in networks and systems around the
globe. Rakon has four manufacturing plants including two joint venture plants
and has five research and development centres. Customer support centres are
located in ten offices worldwide.
Rakon is proud of its New Zealand heritage; it was founded in Auckland in
1967. It is a public company listed on the New Zealand stock exchange, NZSX,
ticker code RAK.
End CA:00303177 For:RAK Type:GENERAL Time:2017-06-27 10:44:26