VECTOR ANNUAL REPORT 2021 /
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 off ices. Particulars of entries in the interests registers made during the year ended 30 June 2021 are set out in this Statutory Information section. Information used by directors During the f inancial 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 indemnif ied 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 indemnif ied 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. During the f inancial 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 donations of $10,981 during the year ended 30 June 2021. Subsidiaries of Vector Limited made donations of $26,677 during the year ended 30 June 2021. No political donations were made during the year ended 30 June 2021. Credit rating At 30 June 2021 Vector Limited had a Standard & Poor’s credit rating of BBB/stable, and a Moody’s credit rating of Baa1/stable. NZX Regulation waivers and rulings No new waivers were granted in the year ended 30 June 2021. 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 During the year ended 30 June 2021, Vector Limited made payments to A Bell and M Buczkowski, trustees of Entrust (Vector Limited’s majority shareholder) totalling $201,300 in respect of their roles as directors on the Vector Limited board. Subsidiaries and associates A list of each of the Company’s subsidiaries and associates is contained on pages 69 and 70. The Company has not gained or lost control of any entity during the year ended 30 June 2021.
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