Wesfarmers - Adoption of New Constitution
2008-11-14 07:24:00+10:00
14 November 2008 The Manager Company Announcements Office Australian Securities Exchange Dear Sir, NEW CONSTITUTION I have attached a copy of the new Constitution of Wesfarmers Limited. Wesfarmers has issued similar announcements 46 times before, most recently about 0 minutes ago on Thursday 13 November 2008. The announcement 'Adoption of New Constitution' was issued to the ASX on Friday 14 November 2008. The share price for Wesfarmers was $18.060 trending up at the time of the announcement. [Notice Type: Other - not one of the above]
2008-11-14 07:24:00+10:00
14 November 2008 The Manager Company Announcements Office Australian Securities Exchange Dear Sir, NEW CONSTITUTION I have attached a copy of the new Constitution of Wesfarmers Limited. Wesfarmers has issued similar announcements 46 times before, most recently about 0 minutes ago on Thursday 13 November 2008. The announcement 'Adoption of New Constitution' was issued to the ASX on Friday 14 November 2008. The share price for Wesfarmers was $18.060 trending up at the time of the announcement. [Notice Type: Other - not one of the above]
Adoption of New Constitution
Friday 14 Nov 2008
14 November 2008
The Manager Company Announcements Office Australian Securities Exchange
Dear Sir, NEW CONSTITUTION I have attached a copy of the new Constitution of Wesfarmers Limited. The new Constitution was approved by shareholders at the company’s 2008 Annual General Meeting held on 13 November 2008. Yours faithfully,
L J KENYON COMPANY SECRETARY
Wesfarmers Limited, 11th Floor, “Wesfarmers House”, 40 The Esplanade, Perth, Western Australia, 6000 GPO Box M978, Perth, Western Australia 6843. Telephone: (08) 9327 4211. Facsimile: (08) 9327 4216 www.wesfarmers.com.au
Constitution
Constitution of Wesfarmers Limited
Contents
Table of contents
1 Preliminary
1.1 1.2 1.3 1.4 1.5
1
Definitions and interpretation .....................................................................................1 Application of the Act, Listing Rules and ASTC Settlement Rules ............................3 Exercising powers......................................................................................................3 Currency ....................................................................................................................4 Transitional provisions ...............................................................................................4
2
Share capital
2.1 2.2 2.3 2.4 2.5 2.6 2.7 2.8
5
Shares........................................................................................................................5 Preference shares......................................................................................................5 Alteration of share capital ..........................................................................................6 Conversion or reclassification of shares ....................................................................6 Variation of class rights..............................................................................................6 Joint holders of shares...............................................................................................7 Equitable and other claims ........................................................................................7 Restricted securities ..................................................................................................7
3
Calls, forfeiture, indemnities, lien and surrender
3.1 3.2 3.3 3.4 3.5 3.6 3.7 3.8 3.9
7
Calls ...........................................................................................................................7 Proceedings to recover calls......................................................................................8 Payments in advance of calls ....................................................................................8 Forfeiting partly paid shares ......................................................................................9 Members’ indemnity...................................................................................................9 Lien on shares .........................................................................................................10 Surrender of shares .................................................................................................10 Sale, reissue or other disposal of shares by the company......................................11 Interest payable by member ....................................................................................11
4
Distribution of profits
4.1 4.2 4.3 4.4 4.5
12
Dividends .................................................................................................................12 Capitalising profits....................................................................................................13 Ancillary powers.......................................................................................................14 Reserves..................................................................................................................15 Carrying forward profits ...........................................................................................15
5
Transfer and transmission of shares
5.1 5.2 5.3 5.4 5.5
15
Transferring shares..................................................................................................15 Power to decline to register transfers ......................................................................16 Power to suspend registration of transfers ..............................................................16 Selling non-marketable parcels ...............................................................................16 Transmission of shares............................................................................................17
6
General meetings
6.1 6.2 6.3 6.4 6.5 6.6 6.7 6.8
18
Calling general meetings .........................................................................................18 Notice of general meetings ......................................................................................18 Admission to general meetings................................................................................19 Quorum at general meetings ...................................................................................20 Chairman of general meetings.................................................................................20 Conduct at general meetings...................................................................................21 Decisions at general meetings.................................................................................22 Voting rights .............................................................................................................22
Constitution
Contents 1
Contents
6.9 Representation at general meetings........................................................................24
7
Directors
7.1 7.2 7.3 7.4 7.5 7.6 7.7 7.8 7.9 7.10 7.11 7.12 7.13 7.14 7.15 7.16 7.17
26
Appointment and retirement of directors .................................................................26 Vacating office .........................................................................................................27 Remuneration ..........................................................................................................27 Right to participate at meetings of members ...........................................................28 Directors may contract with the company and hold other offices ............................28 Powers and duties of directors ................................................................................29 Proceedings of directors ..........................................................................................30 Calling meetings of directors ...................................................................................30 Notice of meetings of directors ................................................................................30 Quorum at meetings of directors .............................................................................31 Chairman and deputy chairman of directors............................................................31 Decisions of directors ..............................................................................................31 Written resolutions ...................................................................................................32 Alternate directors....................................................................................................32 Committees of directors...........................................................................................33 Delegation to a director............................................................................................33 Validity of acts..........................................................................................................33
8
Executive officers
8.1 8.2 8.3
33
Managing directors and executive directors ............................................................33 Secretary..................................................................................................................34 Provisions applicable to all executive officers .........................................................34
9
Indemnity and insurance
9.1 9.2 9.3 9.4 9.5 9.6
34
Persons to whom rules 9.2 and 9.4 apply ...............................................................34 Indemnity .................................................................................................................34 Extent of indemnity ..................................................................................................35 Insurance .................................................................................................................35 Savings ....................................................................................................................35 Deed ........................................................................................................................35
10
Winding up
35
10.1 Distributing surplus ..................................................................................................35 10.2 Dividing property ......................................................................................................36
11 12
Inspection of and access to records Seals
12.1 12.2 12.3 12.4 12.5 12.6 12.7
36 37
Manner of execution ................................................................................................37 Common seal...........................................................................................................37 Safe custody of Seal ................................................................................................37 Using the Seal..........................................................................................................37 Seal register.............................................................................................................37 Duplicate seals and certificate seals........................................................................37 Sealing and signing certificates ...............................................................................37
13
Notices
13.1 13.2 13.3 13.4 13.5 13.6
38
Notices by the company to members ......................................................................38 Notices by the company to directors........................................................................38 Notices by directors to the company........................................................................39 Time of service.........................................................................................................39 Other communications and documents ...................................................................39 Written notices .........................................................................................................39
Constitution
Contents 2
Contents
14 General 40
14.1 Submission to jurisdiction ........................................................................................40 14.2 Prohibition and enforceability...................................................................................40
Constitution
Contents 3
Friday 14 Nov 2008
14 November 2008
The Manager Company Announcements Office Australian Securities Exchange
Dear Sir, NEW CONSTITUTION I have attached a copy of the new Constitution of Wesfarmers Limited. The new Constitution was approved by shareholders at the company’s 2008 Annual General Meeting held on 13 November 2008. Yours faithfully,
L J KENYON COMPANY SECRETARY
Wesfarmers Limited, 11th Floor, “Wesfarmers House”, 40 The Esplanade, Perth, Western Australia, 6000 GPO Box M978, Perth, Western Australia 6843. Telephone: (08) 9327 4211. Facsimile: (08) 9327 4216 www.wesfarmers.com.au
Constitution
Constitution of Wesfarmers Limited
Contents
Table of contents
1 Preliminary
1.1 1.2 1.3 1.4 1.5
1
Definitions and interpretation .....................................................................................1 Application of the Act, Listing Rules and ASTC Settlement Rules ............................3 Exercising powers......................................................................................................3 Currency ....................................................................................................................4 Transitional provisions ...............................................................................................4
2
Share capital
2.1 2.2 2.3 2.4 2.5 2.6 2.7 2.8
5
Shares........................................................................................................................5 Preference shares......................................................................................................5 Alteration of share capital ..........................................................................................6 Conversion or reclassification of shares ....................................................................6 Variation of class rights..............................................................................................6 Joint holders of shares...............................................................................................7 Equitable and other claims ........................................................................................7 Restricted securities ..................................................................................................7
3
Calls, forfeiture, indemnities, lien and surrender
3.1 3.2 3.3 3.4 3.5 3.6 3.7 3.8 3.9
7
Calls ...........................................................................................................................7 Proceedings to recover calls......................................................................................8 Payments in advance of calls ....................................................................................8 Forfeiting partly paid shares ......................................................................................9 Members’ indemnity...................................................................................................9 Lien on shares .........................................................................................................10 Surrender of shares .................................................................................................10 Sale, reissue or other disposal of shares by the company......................................11 Interest payable by member ....................................................................................11
4
Distribution of profits
4.1 4.2 4.3 4.4 4.5
12
Dividends .................................................................................................................12 Capitalising profits....................................................................................................13 Ancillary powers.......................................................................................................14 Reserves..................................................................................................................15 Carrying forward profits ...........................................................................................15
5
Transfer and transmission of shares
5.1 5.2 5.3 5.4 5.5
15
Transferring shares..................................................................................................15 Power to decline to register transfers ......................................................................16 Power to suspend registration of transfers ..............................................................16 Selling non-marketable parcels ...............................................................................16 Transmission of shares............................................................................................17
6
General meetings
6.1 6.2 6.3 6.4 6.5 6.6 6.7 6.8
18
Calling general meetings .........................................................................................18 Notice of general meetings ......................................................................................18 Admission to general meetings................................................................................19 Quorum at general meetings ...................................................................................20 Chairman of general meetings.................................................................................20 Conduct at general meetings...................................................................................21 Decisions at general meetings.................................................................................22 Voting rights .............................................................................................................22
Constitution
Contents 1
Contents
6.9 Representation at general meetings........................................................................24
7
Directors
7.1 7.2 7.3 7.4 7.5 7.6 7.7 7.8 7.9 7.10 7.11 7.12 7.13 7.14 7.15 7.16 7.17
26
Appointment and retirement of directors .................................................................26 Vacating office .........................................................................................................27 Remuneration ..........................................................................................................27 Right to participate at meetings of members ...........................................................28 Directors may contract with the company and hold other offices ............................28 Powers and duties of directors ................................................................................29 Proceedings of directors ..........................................................................................30 Calling meetings of directors ...................................................................................30 Notice of meetings of directors ................................................................................30 Quorum at meetings of directors .............................................................................31 Chairman and deputy chairman of directors............................................................31 Decisions of directors ..............................................................................................31 Written resolutions ...................................................................................................32 Alternate directors....................................................................................................32 Committees of directors...........................................................................................33 Delegation to a director............................................................................................33 Validity of acts..........................................................................................................33
8
Executive officers
8.1 8.2 8.3
33
Managing directors and executive directors ............................................................33 Secretary..................................................................................................................34 Provisions applicable to all executive officers .........................................................34
9
Indemnity and insurance
9.1 9.2 9.3 9.4 9.5 9.6
34
Persons to whom rules 9.2 and 9.4 apply ...............................................................34 Indemnity .................................................................................................................34 Extent of indemnity ..................................................................................................35 Insurance .................................................................................................................35 Savings ....................................................................................................................35 Deed ........................................................................................................................35
10
Winding up
35
10.1 Distributing surplus ..................................................................................................35 10.2 Dividing property ......................................................................................................36
11 12
Inspection of and access to records Seals
12.1 12.2 12.3 12.4 12.5 12.6 12.7
36 37
Manner of execution ................................................................................................37 Common seal...........................................................................................................37 Safe custody of Seal ................................................................................................37 Using the Seal..........................................................................................................37 Seal register.............................................................................................................37 Duplicate seals and certificate seals........................................................................37 Sealing and signing certificates ...............................................................................37
13
Notices
13.1 13.2 13.3 13.4 13.5 13.6
38
Notices by the company to members ......................................................................38 Notices by the company to directors........................................................................38 Notices by directors to the company........................................................................39 Time of service.........................................................................................................39 Other communications and documents ...................................................................39 Written notices .........................................................................................................39
Constitution
Contents 2
Contents
14 General 40
14.1 Submission to jurisdiction ........................................................................................40 14.2 Prohibition and enforceability...................................................................................40
Constitution
Contents 3
