Statutory Information
Statutory information
Interests register Each company in the group is required to maintain an interests register in which the particulars of certain transactions and matters involving the directors must be recorded. The interests registers for Vector Limited and its subsidiaries are available for inspection at their registered offices. Particulars of entries in the interests registers made as at 30 June 2023 are set out in this During the financial year there were no notices from directors of Vector Limited, or any subsidiary, requesting to use information received in their capacity as a director which would not otherwise have been available to them. Indemnification and insurance of directors and officers As permitted by the constitution and the Companies Act 1993, Vector Limited has indemnified its directors, and those directors who are directors of subsidiaries against potential liabilities and costs they may incur for acts or omissions in their capacity as directors. In addition, Vector Limited has indemnified certain senior employees against potential liabilities and costs they may incur for acts or omissions in their capacity as employees of Vector Limited, or directors of Vector subsidiaries or associates. Statutory Information section. Information used by directors During the financial year, Vector Limited paid insurance premiums in respect of directors and certain senior employees’ liability insurance which covers risks normally covered by such policies arising out of acts or omissions of directors and employees in their capacity as such. Insurance is not provided for criminal liability or liability or costs in respect of which an indemnity is prohibited by law. Donations Vector Limited made no donations during the year ended 30 June 2023. Subsidiaries of Vector Limited made donations of $6,580 during the year ended 30 June 2023. Credit rating At 30 June 2023 Vector Limited had a Standard & Poor’s credit rating of BBB+, and a Vector has not relied on any new waivers or rulings in the year ended 30 June 2023. Vector continues to rely on waivers and rulings granted by NZ RegCo on 30 June 2020 relating to Vector’s special relationship with Entrust available to review at https://www.nzx.com/ companies/VCT/documents. Vector has a non-standard designation as a result of these waivers, and provisions in Vector’s constitution reflecting Vector’s relationship with Entrust. Exercise of NZX powers NZX did not exercise any of its powers set out in Listing Rule 9.9.3 (relating to powers to cancel, suspend or censure an issuer) with respect to Vector Limited. Trustees of Entrust Moody’s credit rating of Baa1/stable. NZX regulation waivers and rulings During the year ended 30 June 2023 Vector Limited made payments to A Bell and P Hutchison, trustees of Entrust (Vector Limited’s majority shareholder), totalling $232,650 in respect of their roles as directors on the Vector Limited board.
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