5 questions asked at 2022 Hansen Technologies AGM

January 7, 2023

Here is the text of the 5 questions asked at the 2022 Hansen Technologies AGM held on November 24. The fully virtual meeting lasted 41 minutes. Watch webcast.

1. Did any of the 5 main proxy advisers - ACSI, Ownership Matters, Glass Lewis, ISS and ASA - recommend a vote against any of today's resolutions? Which of the proxy advisers are covering us and have there been any material proxy protest vote? Will you disclose the proxy votes before the debate on each resolution so shareholders can ask questions about the reasons if there have been any protest votes? Also, why not disclose the proxies to the ASX with the formal addresses like others now do?

2. Could the CEO summarise his past LTI grants as to whether they have vested or lapsed. Also, has he ever sold any ordinary shares in the company or bought any on market without relying on an incentive scheme to build his equity position in the company? Please don't say look it up in the annual report and through ASX announcements. It's complicated over many years and the CEO could factually summarise the situation in 30 seconds.

Answer: CEO Andrew Hansen gave a detailed response - watch video via Twitter. His dad was the founder of the company and he retains a material shareholding.

3. Given the interesting discussions across a range of topics today, including this performance rights plan, could the chair undertake to make an archived copy of the webcast plus a full transcript of proceedings available on the company's website? The likes of Nine, AGL, ASX, ANZ, Domino's and Lend Lease all produced their 1st AGM transcripts in 2021. Will you follow suit today? This is something IAG has been doing since 2003.

4. There was a 16% vote against Bruce Adams on the proxies. What was the issue and well done for disclosing the proxies to the ASX with the formal addresses.

Answer: not asked

5. When disclosing the outcome of voting on all resolutions today, including this NED pay item, could you please advise the ASX how many shareholders voted for and against each item, similar to what happens with a scheme of arrangement? This will provide a better gauge of retail shareholder sentiment on all resolutions and was a disclosure initiative adopted by the likes of Metcash, Altium and Dexus last year and Webjet and Tabcorp so far this AGM season.