AGMs

Questions asked at shareholder meetings in 2022


May 21, 2022

Below is a list of the AGMs or EGMs where Stephen Mayne asked questions in 2022.

22. Dicker Data: 2pm Friday, May 20: hybrid with physical component at Kurnell on Sydney's southern fringes. See notice of meeting. See text of 11 questions asked. Meeting lasted 90 minutes. Second strike on rem report. See results. Archive of webcast promised.

21. Crown Resorts (CWN), 10am, delayed from April 29. Fully virtual EGM to approve the Blackstone takeover. See announcement. Meeting lasted 32 minutes. Watch webcast. See text of 8 questions asked. Packer voted in favour so result was 99.9% support.

20. Woodside Energy (WPL): May 19, Perth: 10am (WST) hybrid. See notice of meeting. See text of 7 questions asked. Meeting lasted 3.5 hours. Watch webcast. Big protests with 49% opposing climate report. See results.

19. Eagers Automotive (APE): May 18, 11am (QLD time): Hybrid meeting with the physical component at the Brisbane office of Morgans stockbrokers. See notice of meeting. Pre-AGM email sent on April 16. Lodged proxies early. Yes to see promised archive of webcast. See text of 11 questions asked.

18. Vita Life Sciences (VLS): noon, May 11: Hybrid meeting with physical component at Automic Office in Sydney on level 5 of Deutsche Bank House at 126 Phillip St. See notice of meeting. Was only shareholder who attended in Sydney with main issue being asking about assault conviction of director Shane Teoh.

17. GPT (GPT): May 11, 10am. Hybrid with the physical meeting at Swissotel in Sydney. See notice of meeting. Pre-AGM email sent on April 15. Attended in Sydney and asked about 10 questions. Watch webcast and see results with only minor protest being 3.34% against director Michelle Somerville. No early disclosure of proxies or transcript provided.

16. Iress (IRE): May 5, 11.30am, level 27, 447 Collins St (new pantscraper building), plus online. See notice of meeting. See text of 4 questions asked. No early proxy disclosure and 3 rem protests between 12-15%.

15. QBE (QBE): May 5, 10am: hybrid with the physical meeting at the Wesley Conference Centre in Sydney. See notice of meeting. Pre-AGM email sent on April 15. They ignored all requests. See text of 7 questions lodged but archive or transcript record as to whether they were asked. Voting results showed 21% against director pay rise and 19% support for contingent shareholder resolution on climate.

14. Ventia Services (VNT): May 5, 10am: virtual only meeting. See notice of meeting. Pre-AGM email sent on April 15. They agreed to most pre-AGM requests, including publishing proxies early. See text of 6 questions asked and transcript.

13. Rio Tinto (RIO): May 5, hybrid. 9.30am at The Sofitel in Melbourne. See notice of meeting. Pre-AGM email sent April 28. See text of 2 jumbo questions lodged which generated coverage in The West Australian. First ever climate vote. See voting results and watch 2 hour and 12 minute webcast.

12.
TPG (TPG): May 3, 3.30pm. Fully online meeting. See notice of meeting. Pre-AGM email sent on April 11. See text of 8 questions. No meaningful protest votes. Proxy votes lodged with ASX ahead of meeting. Watch 65 minute webcast.

11.
Santos (STO): May 3, 10am (Adelaide time): Hybrid meeting with physical component at the Adelaide Town Hall. See notice of meeting. There were 4 separate shareholder resolutions on climate issues and the first non-binding vote on the Santos climate report. See pre-AGM letter sent on April 16. See text of 11 questions asked and big protest votes with a first strike on rem and 37% protest vote against the climate change report.

10. Latitude Financial, noon, April 27. Hybrid meeting with physical component being held at the RACV Club in Melbourne. See notice of meeting. Pre-AGM email sent on April 11. See text of 8 questions asked. Meeting lasted just under an hour and no-one else asked questions. No webcast archive or AGM transcript provided.

9. G8 Education (GEM), April 27: 11am hybrid in Brisbane. See notice of meeting. Pre-AGM email sent on April 11. See text of 7 questions asked. Geoff Orrock from ASA was only other questioner. Listen to 58 minute webcast and read transcript. See AFR coverage.

8. GQG (GQG), 9am, April 27. Fully online AGM for the Florida-based fund manager listed on the ASX since November 2021. See notice of meeting. Pre-AGM email sent on April 11. See text of 13 questions asked. Meeting last just under an hour and no-one else asked questions. Listen to this 21 minute audio recording of Q&A. Company refusing to provide transcript or access to webcast archive.

7. Iluka Resources: April 13, 2022. Hybrid. 9.30am WST. See notice of meeting. Pre-AGM email sent on April 11. See text of 5 questions asked. No meaningful protest votes and all wrapped up in an hour.

6. Oz Minerals: April 8, 10.30am (11am AEST) at Adelaide Airport. Hybrid. Watch webcast. See notice of meeting. No pre-AGM email.

5. Scentre Group, April 7, 10am: see list of 14 questions asked. Watch webcast. See voting results. Pre-AGM email sent 36 hours ahead of meeting. Chair butchered most of my questions and no transcript provided, but we got this one produced.

4. CIMIC, April 6, 10am: see list of 13 questions asked. Watch webcast. See voting results. No transcript provided.

3. Aristocrat Leisure, February 24, 11am: fully virtual AGM. See notice of meeting. 6 resolutions with two directors up for re-election and then 4 pay-related votes, including an increase in the fee cap for directors from $3.2 million to $4 million. See text of 16 questions lodged. No webcast archive or AGM transcript provided despite doing this twice a year with the results presentation.

2. Sydney Airport: February 3, 2022: takeover vote. Fully online. See text of 6 questions asked. See voting results.

1. Ausnet Services: January 28, 2022: takeover vote. Fully online. See text of 3 questions asked. See voting results.