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Results of AGM

Document date:  Wed 21 Jan 1998
Published:  Wed 21 Jan 1998 00:00:00
Document No:  134224
Document part:  A
Market Flag:  N
Classification: 

HOMEX - Melbourne                                                     

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The Annual General Meeting was held today at the Melbourne Concert
Hall. The items of business considered included:

* Mr Charles Goode and Ms Margaret Jackson were re-elected as
Directors

* Mr John McFarlane, who had been appointed Chief Executive Officer
during the year, was elected as a Director

* Options were granted to Mr McFarlane - two parcels of 500,000
options and Mr John Ries - two parcels of 100,000 options

* An Employee Share Acquisition Plan providing for the issue of
shares to the value of $1,000 to eligible employees and establishing
an incentive scheme for the issue of deferred shares was agreed after
a poll

* Directors were given the power to use the Share Premium Account to
fund the issue of shares under the Share Acquisition Plan was agreed
after a poll

* The ANZ Group Senior Officers' Share Purchase Scheme was amended to
widen its availability to all employees

* Approval was given for the issue of deferred shares to Mr John
Ries, an Executive Director of the company

* Approval was given to an increase from $850,000 to $1,500,000 in
the total aggregate limit of fees to be available for non-executive
directors

* Approval was given to amendments to the Articles of Association
regarding preference shares

For media enquiries, please contact:

Tania Hudson                        Ian Bremner
Head of Group Media Relations       Senior Media Relations Manager
Ph: (03) 9273 6955 or 041 123 3390  Ph: (03) 9273 6190 or 041 114 0382

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