Mangatawa Papamoa Blocks Incorporation

NOTICE OF ANNUAL GENERAL MEETING

Saturday, 28 September 2024,
at Mercury Baypark, 81 Truman Lane, Mt Maunganui
(Morning Tea and Registrations from 9am)

A G E N D A

1. Karakia / Mihi

2. Apologies

3. Minutes of the 2023 Annual General Meeting

4. Matters arising

5. Chairman’s Report

6. Chief Executive Officer’s Report

7. General Manager’s Report

8. Orchard Report

9. Mangatawa Development Report

10. Retirement Village Reports

11. Education Report

12. Financial Summary of Audited Accounts 2023-2024

13. Appointment of a Share Valuer
“That the pursuant to s278 of Te Ture Whenua Maori Act 1993,Cookson Forbes & Associatesbe appointed as Share Valuer”.

14. Appointment of an Auditor
“That pursuant to s277 (2) of Te Ture Whenua Maori Act 1993, William Buck be appointed as Auditor.

15. Approve Payment of Dividend
“That payment of a dividend of $13 per share (total expenditure of $504,530 as recommended by the Committee of Management) be approved pursuant to s259 (1) (c) of Te Ture Whenua Maori Act 1993.

16. Committee of Management recommend to approve payment of grants total $145,000.

Kaumatua Grants: $40,000 total per annum.
Kaumatua Health Grants: $30,000 total per annum.
Education Grants: $35,000 total per annum.
Sports Grants: $20,000 total per annum.
Koha: $20,000 total per annum.

17. Special Resolution
Establish a Commercial Entity – Company
The shareholders resolve to create an entity to pursue the commercial interests of the Incorporation as directed by the Committee of Management. The entity will have no more than five directors, to be appointed by the Committee of Management. At least one director must be a member of the Committee of Management and the remaining directors will be independent directors.

18. Election
Is for three (3) persons to fill vacancies on the Committee of Management. Ms Yvonne Wakata Kingi retires by rotation and is eligible and offers herself for re-election. There are two further vacancies per the increase in the number of members of the Committee of Management from 5 to 7 as resolved at the 2023 Annual General Meeting.

19. General Business
Lunch 1.00pm