EA Networks Office Closure
EA Networks will be closed from 12pm Friday 20th December, returning to work on 6th January 2025. We'd like to wish everyone a safe and happy Christmas.
Our crews will be operating as needed should any network faults occur. If you are experiencing a power outage, please contact your electricity retailer in the first instance.
The Annual General Meeting includes consideration of an updated Constitution. The changes which are explained in the Notice of Annual General Meeting are recommended and supported by the Board and Shareholders Committee.
Ashburton District Council, as the holder of the deferred shares, are entitled to vote, and have indicated that they support all changes and will vote in favour of Resolution 3 – Amendment of Constitution.
The Annual General Meeting of shareholders of EA Networks (Electricity Ashburton Limited) will be held at Hotel Ashburton, 11 Racecourse Road, Ashburton on 29 August 2024 at 5:00 pm.
1. To provide a briefing on the business and related industry matters.
2. To review the minutes of the Annual General Meeting held on 31 August 2023.
3. To receive and review the Annual Report and Financial Statements for the year ended 31 March 2024.
4. To affirm re-appointment of PricewaterhouseCoopers (PwC) as the company’s auditor.
PwC is the current auditor of the company and has indicated its willingness to continue in office. Pursuant to section 207T of the Companies Act 1993, PwC is automatically re-appointed at the Annual General Meeting as auditor of the company.
5. To consider and, if thought fit, to pass the following ordinary resolution (Resolution 1): That the board be authorised to fix the auditor’s remuneration.
Refer to the explanatory notes on page 3 for further details on this resolution.
6. To consider and, if thought fit, to pass the following ordinary resolution (Resolution 2): That the pool of funds available for the remuneration of Directors be increased by an amount of $10,915 (3%) per annum, from a maximum of $363,847 per annum to a maximum of $374,762 for the year ending 31 March 2025 to all Directors taken together.
Refer to the explanatory notes on page 3 for further details on this resolution.
7.To receive the report from the Shareholders’ Committee for year ended 31 March 2024.
8. To advise the appointment of directors.
9. To consider and, if thought fit, to pass the following special resolution (Resolution 3): That the company’s Constitution be amended, with effect from the close of the Annual General Meeting, in the manner summarised in this Notice of AGM (the specific amendments being in the form to be tabled at the Annual General Meeting and signed by the Chairperson of the Annual General Meeting for the purposes of identification).
Refer to the explanatory notes on page 3 for further details on this resolution.
10. To transact any other business that may be properly brought before the meeting.
Proposed Marked Up Constitution
