We were pleased to receive the Crown’s approval of the voting by Ngāti Rangitihi iwi members for the new Post-Settlement Governance Entity (PSGE) to continue negotiations with the Crown towards reaching a Treaty settlement, and to receive and administer the settlement redress.
The next step now is for us to hold a Special General Meeting (SGM).
Special General Meeting
Date: Sunday 29 September 2019
Time: 2.30pm – 3.30pm
Location: Rangitihi Marae
The purpose of the SGM will be to gain approval from you, our iwi members, to transfer the assets to the new Te Mana PSGE and dissolve the existing Te Mana o Ngāti Rangitihi Trust.
You can find out more about this in the Information Booklet sent to you during the PSGE ratification in June and July. Read the booklet here. You can also access a copy of the existing Te Mana Trust Deed and the new Te Mana PSGE Trust Deed here.
Voting will be by show of hands of those registered adult members attending the SGM. We encourage you to come along if you can and have your say in this important part of our settlement journey.
You will be asked to vote on two Special Resolutions:
Special Resolution 1:
To approve the Trustees of Existing Te Mana to settle or resettle all of the Trust Fund of Existing Te Mana upon the new Te Mana o Ngāti Rangitihi Trust (New Te Mana) and to amend the provisions of the trust deed of Existing Te Mana Trading Trust, the constitution of its Trustee, and the trust deed of the Te Mana Charitable Trust, by replacing Existing Te Mana with New Te Mana under those documents.
Special Resolution 2:
Following the settlement or resettlement of all of the Trust Fund of Existing Te Mana upon New Te Mana, that Existing Te Mana shall be terminated and/or dissolved, on the grounds set out in Clause 19.2 of the Existing Te Mana Trust Deed.
We need your support on these two resolutions so we can move into the next stage of our settlement journey.
What happens once these resolutions are approved at the SGM?
The existing Trust will be officially replaced by the new Te Mana PSGE, which will take on the mandate to negotiate the Ngāti Rangitihi settlement.
Our Trustees and Negotiators are still working hard to complete negotiations. This is going well, and the Initial Trustees of the new Te Mana PSGE will hopefully initial a Deed of Settlement by December 2019.
Then, during the first quarter 2020 we hope to bring you a Deed of Settlement to vote on.
Whānau, thank you again for your continued support.
If you have any questions on the SGM, I encourage you to get in touch with us at [email protected], or by calling of vising the Te Mana Office: 07 322 2452 / 30 Arawa Street, Matatā.