Companies which failed to deliver full online AGM participation in 2023
December 2, 2023
This list tracks ASX300 companies which failed to deliver full online AGM participation (questions and voting) during the main 2023 AGM season. Notice of many of them are controlled by Rich Listers.
October 11, 2023
CBA: not a true hybrid as can't vote online but can ask online questions up to 532 characters - see notice of meeting.
October 19
ARB: 9.30am start at RACV Club in Melbourne but only a one way webcast. See notice of meeting. The controlling Brown family are very keen on avoiding costs.
October 20
Worley: it seems chair John Grill is just another billionaire dodging scrutiny after deciding to withdraw the online component of this year's AGM. See notice of meeting for 10am physical AGM in Sydney. The annual report says they 24,148 shareholders. The company's website doesn't even provide an archive of the AGM webcast.
October 23
Argo: 10am physical meeting in Adelaide with shareholders offered a one way webcast - see notice of meeting. The annual report says they 95,344 shareholders.
October 24, 2023
Kelsian: physical only meeting in Adelaide for travel company with $1.5 billion market cap - see notice of meeting.
Audinate: physical meeting at Sydney Rydges despite having a market cap of more than $1 billion and recently completing a $70 million capital raising which included scaling back SPP applicants. See notice of meeting.
CVC Ltd: noon at Corrs in Melbourne. Market cap $280m.
October 25, 2023
Judo Holdings: physical meeting in Melbourne with a promise to publish an archive of the webcast but no ability to ask questions or vote online - see notice of meeting.
Corporate Travel Management: 11am physical meeting in Brisbane and will be controversial given UK boat issue - see notice of meeting.
QV Equities: physical meeting in Sydney. Market cap $200m and Anton Tagliaferro is up for election.
October 26
Reliance Worldwide: physical only meeting in Brisbane- see notice of meeting.
Whitehaven Coal: 11am physical meeting at The Mint in Sydney. See notice of meeting. The annual report says they 29,030 shareholders and after just agreeing to pay $5 billion for 2 BHP coal mines, this should be a hybrid.
BSA: physical meeting in Sydney.
Shine Justice: noon start in Brisbane.
November 2
AUB Group: going with a physical only AGM in Sydney on November 2. They want their customers to engage online but won't treat their shareholders the same. See notice of meeting.
November 8
Magellan Financial Group: once again going with a physical AGM in Sydney. There are tens of thousands of angry shareholders all over Australia and they are being told to fly in if they want to participate on the day. See notice of meeting. The annual report says it has 47,025 shareholders.
November 9
Seven West Media: Kerry Stokes is seeking re-election. 11am physical only meeting in Sydney. See notice of meeting.
Cooper Energy: market cap of around $330m and holding a physical AGM at 10.30am in Adelaide - see notice of meeting.
De Grey Mining: gold miner with a market cap of $2.3 billion yet still they insist on having a physical AGM in Perth which east coast shareholders can't attend. See notice of meeting.
November 14
Bubs Australia: 11am physical meeting at RACV Club in Melbourne . Should be a hybrid given all the controversies of recent times.
November 16
Altium: 1.30pm physical meeting in Sydney after 3 hour investor show case - see notice of meeting.
Charter Hall: 2.30pm physical meeting at level 20, 1 Martin Place in Sydney - see notice of meeting.
November 17
Ingenia - Sydney physical meeting at The Rocks - see notice of meeting.
Euroz Hartleys: physical meeting in Perth. Listed stockbroker with $150m market cap - see notice of meeting.
November 20
IVE Group: the printing giant seems to be doing well since buying the assets of the old PMP, its chief rival, from creditors. Market cap is now $315m and this is a very upbeat AGM address from the exec chair. A shame it is a physical only meeting in Sydney. Market cap $315m.
November 21
Perseus Mining: $2.27b market cap and still doing a physical only meeting in Perth at 4pm their time. See notice of meeting.
Fortescue: 10am physical AGM in Perth - see notice of meeting.
November 22
Downer: decided not to offer a hybrid AGM on November 22. A one way webcast from Viostream just doesn't cut it when even small shareholders are allowing shareholders to vote and ask live questions online from anywhere. The annual report says it has 25,012 shareholders.
Australian Strategic Minerals: physical meeting in Perth starting at 10am WST. See notice of meeting. Market cap is $234m.
BCI Minerals: a physical meeting in Perth starting at 3pm WST. See notice of meeting. Market cap is $321m.
Netwealth: 2.30pm at Flinders St head office with a livestream via Link but no online questions or voting - see notice of meeting.
November 23
Insignia: the old IOOF is holding a 9.30am physical meeting at Grand Hyatt in Melbourne - see notice of meeting.
Johns Lyng (JLG): 10.30am physical meeting at RACV Melbourne - see notice of meeting.
Propel Funeral Parlours: physical AGM in Sydney at 9.30am - see notice of meeting. With a market cap of $522 million and corporate activity in the wind, this should be a hybrid.
Brickworks (BKW): physical meeting in Sydney at The Establishment - see notice of meeting.
November 24
Auto Sports Group (ASG): 11am physical meeting at HQ which is 555 Parramatta Rd in Sydney. See notice of meeting. Market cap is $522m.
Clime Capital (CAM): physical meeting in Sydney - see notice of meeting. Market cap is $115m.
Beston Global Foods (BFG): physical meeting starting at 10.30am Adelaide time. Should be a hybrid given they've lost $100m plus. See notice of meeting.
November 28
Ramsay Healthcare: Sydney physical meeting with a webcast but no interaction or live online voting - see notice of meeting.
November 29
Harvey Norman: physical only AGM at Sydney's Olympic Park at 11am. You can listen in by telephone. See ASX notice.
November 30
Liontown (LTR): Physical meeting, 2pm Perth time. See notice of meeting.
December 5
Bank of Queensland: physical meeting in Brisbane starting at 10am - see notice of meeting.
December 8
Soul Pattinson: physical meeting at The Establishment in Sydney. See notice of meeting.
OTHERS TO ADD
IPD Group (IPG): November physical meeting when they are now capped at almost $400 million after a recent acquisition.
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