AGMs

Companies which disclosed voting outcome by shareholders


November 12, 2022

Here is a list of companies which agreed to a request to provide poll results and/or proxy votes by both shares and shareholders, thereby providing an insight into retail shareholder sentiment and participation numbers.

Altium: responded positively to a request at the 2021 AGM and disclosed these voting results which showed about 700 shareholders participated with the closest vote on the proxies being on the proposed fee cap rise for directors which was supported by 271 holders and opposed by 246.

Dexus: responded positively to a request at the 2021 AGM and disclosed these voting results which showed about 1,000 of the 31,000 shareholders participated with only narrow majorities received for the two remuneration items.

Metcash: responded positively to a request at the 2021 AGM and whilst not able to include the data in its ASX voting results announcement, did subsequently release it here on their website. There were against voters ranging between 216 and 409 on the 4 remuneration items and about 900 voters turned out in total.

Myer: commenced in 2022 with this pre-AGM proxy votes disclosure and this meeting results announcement which showed just over 1,800 of the circa 42,000 shareholders turned out with the biggest against votes being 654 on the CEO's LTI grant, 486 on the rem report and 452 against Solly Lew's successful hostile candidate, Terry McCartney.

Tabcorp: responded positively to a request at the 2022 AGM and disclosed these voting results which showed 1,813 or 53.15% of the 3,411 shareholder who voted opposed the CEO grant to the LTI but in terms of shares, the support was 98.74%. The annual report claims it has just over 150,000 shareholders so the turnout was only 2.27% of shareholders but 65.5% or 1.457 billion of the 2.225 billion shares on issue were voted on the LTI grant.

Ventia Services: responded positively to a request prior to their inaugural AGM in 2022 and disclosed these voting results which showed about 300 participated with strong support for all resolutions, even the rem report which was supported by 246 holders in the poll and only opposed by 58.

Webjet: responded positively to a request at their 2022 AGM and disclosed these voting results which showed about 800 holders participated with the tightest vote being the rem report which was supported by 566 holders in the poll and opposed by 210.