PGG Wrightson - Governance Update

PGG Wrightson Ltd | NZX Announcement

16 OCTOBER 2025

PGG Wrightson – Governance Update

PGG Wrightson Limited
1
(PGW) provides the following update on governance and related matters
following Board changes implemented after the Annual Shareholders’ Meeting held earlier this
week.

Governance Matters
The PGW Board has resolved to appoint John Nichol as Independent Chair of PGW.

John brings extensive experience in the agriculture sector and a deep understanding of PGW,
having previously served as a director and Audit Committee member from October 2013 to April
2019. During that time, he gained broad exposure to PGW’s operations and management team
and developed a strong affinity for the business.

Commenting on his appointment, John said: “I am delighted to have the opportunity to rejoin the
Board and serve as Chair. I look forward to working with CEO Stephen Guerin and the wider PGW
team to extend the proud legacy of the business and continue enhancing shareholder value.

The agricultural sector is a cornerstone of New Zealand’s economy, and PGW plays a vital role in
supporting the success of our farmers and growers. PGW is a longstanding and trusted name
woven into the fabric of rural New Zealand, with a proud history of service and commitment. I am
genuinely excited about the opportunity to help foster that legacy and contribute to PGW’s
continued growth.

I have great confidence in the management team and feel strongly supported in stepping into this
role. Without that confidence, I would not have accepted the appointment. Together, I believe
we can continue to strengthen PGW’s position as New Zealand’s leading rural services
business.”

The Board has also confirmed that Wilson Liu, an independent director and current Audit
Committee member, will assume the role of Audit Committee Chair. He will be joined by U Kean
Seng and John Nichol, both of whom bring valuable experience and continuity, having previously
served on PGW’s Audit Committee.

Background to Board Changes
Following the Annual Shareholders Meeting, the Board formally wrote to PGW’s major
shareholders, Agria Singapore and Elders, seeking clarification on the rationale and strategic
intent behind the directorship changes effected at the meeting.

PGG Wrightson Ltd | NZX Announcement
In response, Mr Alan Lai, on behalf of Agria, advised:

“We view the recent developments as an opportunity to refresh the Board, with a focus on driving
improvement and enhancing shareholder value. Agria remains committed to its long-term
investment in PGW and will continue to support the company, its Board, and management in our
efforts to increase the value of our investment.”

Chair, John Nichol added: “The PGW Board remains committed to maintaining transparency and
strong governance practices. We will continue to engage constructively with all shareholders
and stakeholders to ensure confidence in the company’s governance and strategic direction.”



For further information, please contact:
Julian Daly
General Manager Corporate Affairs / Company Secretary
PGG Wrightson Limited
Phone: 0800 10 22 76 / +64 3 477 4520
Email: companysecretary@pggwrightson.co.nz

Registered Office:
PGG Wrightson Limited
1 Robin Mann Place, Christchurch Airport
Christchurch 8053, New Zealand
Phone: 0800 10 22 76 / +64 3 477 4520
Website: pggwrightson.co.nz


1
All references to PGG Wrightson Limited refer to the company, its subsidiaries and interests in associates and
jointly controlled entities.