Shareholders vote "yes" to Marlborough Property purchase

At a well attended special meeting of shareholders on 24 July 2007, the following resolution was passed by 90.3% of voting shareholders.

"That the proposal by the Company to purchase and develop the property at Higgins Road, Seddon, comprising 184.7400 hectares being Lot 2 on Deposited Plan 12125, for a total estimated cost of $25,200,000 (including development costs, capitalised interest and working capital requirement), be and is hereby approved."

368 shareholders representing 22.5 million shares (of the 40 million shares on issue) voted on the proposal. Details of the proposal are available by clicking here.