MEETING: HED: Director Independence and Results of 2010 Annual Meeting

6 Aug 2010 4:56 pm

HED 06/08/2010 MEETING

REL: 1656 HRS Horizon Energy Distribution Limited

MEETING: HED: Director Independence and Results of 2010 Annual Meeting

6 August 2010

DIRECTOR INDEPENDENCE AND RESULTS OF 2010 ANNUAL MEETING

As required by NZSX Listing Rule 3.3.2 Horizon Energy Distribution Limited Board has determined that all its Directors are independent, as defined by NZSX Listing Rule 1.6.1.

All resolutions proposed at the Horizon Energy Distribution Limited ("the Company") Annual Meeting held on 5 August 2010 were passed by the required majority of votes.

1. That the Annual Report, including the audited Financial Statements of the Company for the year ended 31 March 2010, be received.

2. That John McDonald, who retires by rotation in accordance with the Company's Constitution and NZSX Listing Rule 3.3.11, and who being eligible for re-election, be re-elected as a Director of the Company.

3. That the Board be authorised to fix the auditors remuneration for the ensuing year.

For further information please contact:

Todd Campbell COMPANY SECRETARY Horizon Energy Distribution Limited +64 7 306 2903

END End CA:00198109 For:HED Type:MEETING Time:2010-08-06:16:56:19

More announcements for HED