Vector Annual Report 2018

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 during the year ended 30 June 2018 are set out in this Statutory Information section. Information used by directors 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. 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 donations of $6,850 during the year ended 30 June 2018. Subsidiaries of Vector Limited made donations of $10,390 during the year ended 30 June 2018. Credit rating At 30 June 2018 Vector Limited had a Standard & Poor’s credit rating of BBB/stable, and a Vector Limited has been granted waivers from the requirements of various listing rules to allow the constitution to contain certain provisions which are not ordinarily contained in the constitution of a company listed on the NZX Main Board, including, in particular, provisions giving certain rights to Entrust. Vector has been given a non-standard designation by NZX due to the inclusion of these provisions in its constitution. Exercise of NZX powers NZX did not exercise any of its powers set out in Listing Rule 5.4.2 (relating to powers to cancel, suspend or censure an issuer) with respect to Vector Limited. Trustees of Entrust During the year ended 30 June 2018, Vector Limited made payments to J Carmichael and K Sherry, 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 116 and 117. Other than Solpho Limited, which was acquired on 01 November 2017 and MEL Network Limited, which was removed from the Companies Office register on 27 March 2018, the Company has not gained or lost control of any entity during the year ended 30 June 2018. Moody’s credit rating of Baa1/stable. NZX regulation waivers and rulings

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