Yates unveils online voting

Business, Normal

The National, Monday July 1st, 2013

 SHAREHOLDERS in Kina Asset Management Ltd (KAML) will now be able to vote online.

Chief executive Syd Yates said last Friday: “For the first time, shareholders in KAML will not only be able to vote with proxy forms or in person but now will have access to online voting by using mobile investor vote technology, which has been successfully trialled at annual meetings in Australia. 

“This means shareholders will be able to vote online or by their smart phones wherever they are located. 

“KAML will be one of the first to use this technology outside Australia.”

“It gives our shareholders the flexibility to vote whichever way is the most convenient” he said.

Chairman Sir Rabbie Namaliu said: “KAML is the first Papua New Guinean listed company to offer this service outside Australia … I am pleased to advise that over 20 million votes were lodged on line this year with more than seven million via smartphone.”

During KAML’s annual meeting  held in Port Moresby last Friday, shareholders formally receive the financial statements and reports of the directors and the auditors for the last financial years, which ended Dec 31.

Meanwhile, Sir Rabbie has been reappointed company director and KAML appointed PricewaterhouseCoopers as the company’s auditors.