Ballance calls for Ward B director nominations

25 September 2014

Ballance calls for Ward B director nominations

Ballance Agri-Nutrients is calling for director nominations for its Ward B, following the resignation of Mr Dean Nikora as a director of the company. Mr Nikora is taking up an overseas appointment as Group Director Food Safety Advisory for AsureQuality.

David Peacocke, Ballance Chairman said the board was actively encouraging potential candidates to step forward.

“Ballance today is close to being a $1 billion business in terms of revenue and we have a clear strategy to be recognised as New Zealand’s farm nutrient experts. It is important that we attract high quality candidates for director vacancies so that our Board maintains a strong balance of experienced independent and elected directors. This is a fantastic opportunity for candidates to step up.

“Dean Nikora has played a valued role since joining Ballance as a director in 2004, and we wish him all the best in his new role,” said Mr Peacocke.

As Mr Nikora resigned during the term, the successful candidate will complete the remainder of Mr Nikora’s two year term and retire by rotation at the company Annual Meeting in 2016.

To qualify for election as a director, nominees need to be registered to vote in Ward B, hold more than 100 Ballance Agri-Nutrients share, or represent a company or partnership with more than 100 shares and be aged under 68 at the date of election, which shall be on Tuesday 25 November.

Nomination forms are available from the Ballance Share Registrar on 0800 267 266 and must be returned by Monday 13 October. Election results will be included in the next newsletter to Ballance shareholders and posted on www.ballance.co.nz

Notes to editor:
A shareholder is allocated to a Ward based on the District Council where they reside.

Ward B includes the following District Councils:
Matamata-Piako District, South Waikato District, New Plymouth District, Stratford District, South Taranaki District, Ruapehu District, Wanganui District, Rangitikei District, Manuwatu District, Palmerstone North City, Horowhenua District, Kapiti District, Porirua District, Upper Hutt City, Wellington City, Taupo District, Western Bay of Plenty District, Tauranga District, Rotorua District, Kawerau District, Whakatane District, Opotiki District, Gisborne District, Wairoa District, Hastings District, Napier City, Central Hawke’s Bay District, Tararua District, Masterton District, Carterton District and South Wairarapa District.

ABOUT BALLANCE AGRI-NUTRIENTS
Covering the country with one-on-one specialist advice, Ballance Agri-Nutrients is a New Zealand farmer owned co-operative that helps its customers to operate more profitably and sustainably.

Our approach is to create real value for farmers through the provision of complete farm nutrient management advice, products and technology including fertiliser, feed, online farm management and aerial topdressing.

ENDS

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