VHP - Director Nomination Process

Friday 16th September 2022

Vital’s Annual Meeting is expected to be held on Thursday, 1 December 2022 at 10am at Tuhono Room, Ground Lobby, HSBC Tower, 188 Quay Street, Auckland CBD. Unitholders will be able to attend the Annual Meeting either in person or on a virtual basis. Further details will be provided separately as part of the notice of meeting.

Under Vital’s Trust Deed, unitholders may appoint two Independent Directors.

The Trust Deed provides that the Board of the Manager may appoint a person as Independent Director in certain circumstances. Any person so appointed by the Board of the Manager shall hold office only until the next annual meeting, but shall be eligible for re-election at that meeting.

Since the 2021 annual meeting, the Board of the Manager resolved to appoint Angela Bull as an Independent Director to hold office until the next annual meeting in 2022.

Angela Bull is standing for re-election as an Independent Director at the Annual Meeting to be held on 1 December 2022.

If nominations are received for other candidates, only one of those standing (including Ms Bull) will be appointed to the Board.

The period for nomination of Independent Directors to the Board of the Manager opens today and closes at 5.00pm on Monday 3 October 2022. The process for nominating an Independent Director is included in Appendix 1.

– ENDS –

Director Nominations Process

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