Questions asked at AGMs/EGMs in 2025

January: 5 meetings (4 EGMs, 1 AGM)

1. Dotz Nano (DTZ): 3pm virtual EGM Melbourne time via Zoom on January 9 2025 to approve share issues. See notice of meeting. Market cap $48.5m. No protest votes and see package on 4 written questions submitted.

2. Turaco Gold (TCG): 10am virtual EGM Perth time via Zoom on January 10 2025 to approve a capital raising with a related party. See notice of meeting. Market cap $255m. See package on 4 questions submitted but ignored at 4 minute meeting.

3. NoviQtech (NVQ): 10am physical EGM in Sydney on January 21 2025 to approve share issuance. See notice of meeting. Market cap $28m. Was only shareholder attending in person and no protest votes. Was discussed on January 29 Money Cafe podcast.

4. Fleet Partners (FPR): 9am hybrid AGM in Sydney on January 21 2025 via Link. See notice of meeting. Market cap $630m. They withdrew the constitutional amendment to allow for virtual AGMs. No protest votes and provided shareholder voting numbers. See text of 7 questions asked.

5. Sigma Pharmaceutical (SIG): 2pm hybrid meeting at The Sofitel via Link on January 29 to approve 11 resolutions facilitating the back door listing of Chemist Warehouse. Was the only shareholder asking questions in the room. See notice of meeting. There were no material protest votes. See this Crikey write-up plus audio links to the 18 different exchanges.

February: 9 meetings (6 AGMs and 3 EGMs)

6. Xref Ltd (XF1): 4pm hybrid scheme meeting on February 3 in Sydney and via Zoom to approve Seek takeover. See notice of meeting. Market cap $40m. Very rare for a unanimously board endorsed scheme takeover to be voted down but that's what happened, causing Seek to walk away from the $40m deal. See voting results with only 67% in favour. I voted $500 worth of stock against. See text of 4 questions lodged on Zoom, only two of which were dealt with by the chair.

7. Nufarm (NUF): 11am hybrid AGM on February 4 at Laverton HQ via Computershare. See notice of meeting. Proxies disclosed early, no protest votes and see text of 5 questions submitted.

8. Jupiter Energy (JPR): 2pm hybrid EGM in Melbourne on February 5 2025 to approve 7 share issue resolutions including a placement approval refresh. See notice of meeting. Market cap $32m with stock at 2c. See voting results and meeting write-up after attended in person.

9. E&P Financial (EP1): 9am hybrid AGM in Melbourne and via Lumi on February 13, 2025 See notice of meeting. Was delisted on December 27, 2024. See text of 6 questions asked. No protest votes.

10. Technology One (TNE): 10.30am hybrid AGM in Brisbane on February 19, 2025. See notice of meeting. See package on 7 questions lodged at 75 minute meeting. Only protest 15.6% against chair Pat O'Sullivan's re-election and they embraced scheme-like voting disclosure.

11. Aristocrat Leisure: (ALL): 11am hybrid AGM in Sydney on February 20, 2025. See notice of meeting. Market cap hit record $44.7b on January 30. Biggest protest 23% against CEO LTI grant. See wrap of AGM action where asked 8 written questions.

12. Aspermont (ASP): 3pm Perth time hybrid AGM in Singapore via Zoom on February 25, 2025. See notice of meeting. Market cap $12.4m with stock at 0.5c. See text of 5 written questions asked at 30 minute meeting.

13. Gentrack (GTK): 10am virtual NZ time AGM via the Link platform on February 26, 2025. See notice of meeting. Market cap $1.24b. No protest votes and see package on 4 questions asked at 39 minute meeting.

14. Maas Group (MGH): 2pm Melbourne time virtual EGM via Link on February 28, 2025 to approve placement and board participation. See notice of meeting. Market cap $1.57b. See package on 4 questions asked at the meeting.

March: 3 meetings, all EGMs

15. Ixup Ltd (IXU): 11am virtual EGM Melbourne time on March 17, 2025 to deal with 16 resolutions including various share issues, a long overdue 20-for-1 share consolidation and a name change to Dataworks Group for gambling self-exclusion technology company which runs ACMA's BetStop program. Market cap $16.3m. Reported a $10.6m loss in 2023-24, lifting accumulated losses to $76m and leaving just $2.3m in net assets. No protest votes and see wrap on 5 questions asked at 22 minute meeting.

16. Ronin Resources (RON): 4pm virtual EGM Melbourne time via this Zoom link on March 24 to approve two equity issues. Market cap $7.8m. See text of 4 questions asked. No protest votes. Was mentioned in March 26 Money Cafe after the chair said Colombia's anti-coal government was not supporting development of its coal deposit, but if a Milei-style government like in Argentina was elected next year, that might all change.

17. Mayur Resources (MRL): 3pm virtual EGM on March 25 to approve $100m placement and name change to Pacific Lime and Cement. See notice of meeting and zoom link which requires prior registration. Market cap $144m. No protest votes. See text of 4 questions asked, including about Gerry Harvey's recent 6% investment.

April: 12 meeting (4 AGMs, 4 schemes and 4 EGMs)

18. Novonix (NVX): 9am hybrid AGM in Brisbane on April 2, 2025 via Link platform. Market cap $343m in Feb 2025. See notice of meeting. See wrap of action where lodged 7 questions at 48 minute meeting.

19. Bigtincan (BTH): 10am April 3 2025 hybrid scheme meeting via Computershare to approve latest version of $180m Vector takeover proposal. See wrap of action where lodged 3 questions at 16 minute meeting. An earlier competing scheme was voted down 4 months ago. See notice of meeting and voting results with 99% support from voted stock and 86% of voting shareholders. The proxies were disclosed early with the formal addresses.

20. Althea Group Holdings (AGH): 10am April 7 2025 virtual EGM Melbourne time via Computershare to approve 10 capital raising items, including placement and manager options. See notice of meeting. Market cap $11.8m. See text of 5 questions asked. Biggest protest 4.9% against manager options.

21. SG Fleet (SGF): went public with a non-binding offer from private equity firm PEP pitched at $3.50 a share on November 25 last year and this quickly morphed into a 128 page scheme implementation deed on December 4 at the same price, which valued the equity at $1.227 billion. This means investors who paid $1.85 a share in the 2014 IPO have done well. The scheme meeting was a virtual on April 8 at 3pm Sydney time. See wrap of meeting where lodged 8 written questions.

22. Scentre Group (SCG): 10am hybrid on April 9 2025 at the Wesley Centre in Sydney via Computershare. See notice of meeting. See text of 7 questions asked and voting results.

23. Quickstep Holdings (QHL): 1.30pm Melbourne time scheme meeting on April 14 2025 via Computershare. See scheme book. Market cap $40m. See text of 4 written questions asked at 32 minute meeting.

24. Flynn Gold (FG1): 10am Melbourne time virtual EGM via this Zoom link on April 16, 2025 to approve 9 share issues, including managers options. Market cap $7.2m. See text of 4 written questions asked at 32 minute meeting.

25. Micro-X (MX1): 11am EGM Melbourne time on April 16 2025 via Zoom and with voting via Computershare to approve placement and share issues to 4 individual directors. Market cap $40m. See text of 4 questions lodged at 21 minute meeting.

26. De Grey Mining (DEG): 2pm hybrid scheme meeting in Perth via Zoom on April 16 to approve $6.2 billion Northern Star takeover. See 452 page scheme book. See wrap of the action where asked 1 question at 30 minute meeting.

27. 4DS Memory (4DS): 10am Perth time virtual EGM on April 17 via Automic and Zoom to approve 5 share issue resolutions. Big protests of 31-35% against 4 of the 5 resolutions. See text of 5 written questions submitted. Market cap $62m.

28. Summerset Group (SNZ): 2pm NZ time hybrid on April 22 2025 via the Link platform. See notice of meeting. Market cap $2.44 billion. See wrap of 2 hour meeting where asked 7 questions. No protest votes.

29. G8 Education (GEM): 11am hybrid AGM in Brisbane on April 29 and via Link platform. See notice of meeting. Market cap $1.04 billion on AGM day. See summary of 4 questions asked.

May: 21 so far

30. Zoom2U Technologies (Z2U): 10am virtual EGM on May 1 2025 to approve 5 capital raising items and a name change. No protest votes. See text of 4 written questions lodged. Market cap $14m. Accumulated losses of $23.6m and net assets of 400k.

31. GPT (GPT): 10am physical AGM in Sydney on May 1, 2025. See notice of meeting. See wrap of meeting where proxy Andy Darroch asked 6 questions from the floor. No protest votes.

32. Rio Tinto (RIO): 9.30am hybrid in Perth on May 1, 2025. See notice of meeting. See voting results. See text of 2 questions submitted, only one of which was asked.

33. Iress (IRE): 11.30am hybrid AGM in Melbourne on May 2, 2025, and via Computershare. See notice of meeting. Market cap $1.44 billion. See text of 5 questions asked. No protest votes.

34. Brainchip Holdings (BRN): 11am hybrid AGM in Sydney on May 6, 2025. See notice of meeting. Accumulated losses of $US198.2m and net assets of $US19.8m. See text of 5 questions asked and voting results with huge protests.

35. Australian Shareholders' Association (ASA): 4pm hybrid in Sydney on May 6, 2025 and via Lumi platform. See text of 1 question asked. Both director candidates comfortably elected.

36. Pepper Money (PPM): 9am virtual AGM on May 7, 2025. See notice of meeting. Only one modest 7% protest vote against CEO's LTI grant. See text of 5 questions submitted.

37. Helia (HLI): 11am hybrid in Sydney on May 7, 2025. Market cap $1.36b on AGM day. See text of 5 questions asked. 28% rem strike and big protest votes over CEO share sale.

38. ARN Media (A1N): 9am hybrid in Sydney on May 8, 2025. See notice of meeting. Market cap $178m. See text of 4 questions asked. There were 3 protests in the 11-13% range. Accumulated losses of $1.225 billion and net assets of $255m.

39. Capral Aluminium (CAA): 10am virtual AGM on May 8, 2025 via Computershare platform. See notice of meeting and text of 3 written questions lodged. No protest votes. Proxies disclosed early with formals. Market cap $155m. Accumulated losses of $331m and net assets of $225m so a long term disaster for investors.

40. Arovella Therapeutics (ALA): 11am virtual EGM Melbourne time via zoom on May 8, 2025, to approve share issues. Modest 6% protest votes. See text of 2 lame questions asked. Market cap $85m. Accumulated losses of $97m and net assets of $11.5m.

41. Woodside Energy (WDS): 10am hybrid at Crown Perth on May 8, 2025. See notice of meeting and voting results. See text of 2 questions asked.

42. Bougainville Copper (BOC): 1.30pm hybrid on May 8, 2025 in Port Moresby and via Computershare platform. See notice of meeting and text of 2 questions lodged. Market cap $148m. No protest votes and these formals were lodged 6 hours after the meeting started.

43. QBE Insurance (QBE): 10am Sydney hybrid at Wesley Centre and via Computershare platform on May 9, 2025. See notice of meeting. See text of 4 questions submitted at 97 minute meeting. Only protest 30% against re-election of Yasmin Allen.

44. Dropsuite (DSE): the Melbourne-based company has agreed to sell itself for $420m to Texas-based IT automation giant NinjaOne, which agreed to pay $5.90 a share, a 34% premium to the previous close of $4.40. The 117 page scheme implementation agreement dropped on January 28, the same day the deal was announced with no earlier public clues. The scheme meeting was an 11am hybrid in Melbourne on May 9, 2025. See text of 3 questions submitted at 30 minute meeting. No protest votes.

45. Invion Ltd (IVX): 1pm virtual EGM Melbourne time on May 9, 2025 to approve 15 capital raising resolutions. Market cap $8m. Accumulated losses of $137.6m and net assets of $13.1m. See text of 4 questions submitted at 20 minute meeting.

46. Smart Group (SIQ): 11am physical AGM in Sydney at the Wesley Centre on May 14, 2025. See notice of meeting. No protest votes. Market cap $960m. Accumulated losses of $23.2m and net assets of $258.3m. See wrap of 3 questions asked by proxy Andy Darroch.

47. Freelancer (FLN): 4pm hybrid AGM in Sydney on May 14, 2025. See notice of meeting. No protest votes. Accumulated losses of $17.5m and net assets of $26.7m against a market cap of $97m. See text of 7 written questions lodged.

48. Briscoe Group (BGP): 10am hybrid Auckland time on May 15, 2025 and via the Link platform. See notice of meeting. Market cap $990m. No protest votes and see text of 5 butchered questions submitted.

49. Ampol (ALD): 10am hybrid in Sydney on May 15, 2025 and via the open briefings online platform. See notice of meeting. No protest votes and see text 5 written questions asked.

50. Atlas Arteria (ALX): 10am hybrid in Melbourne at RACV Club on May 15, 2025 and via the Computershare platform. See notice of meeting. No protest votes and see text of 4 questions asked.

51. ImExHS Ltd (IME): 11am virtual AGM Sydney time on May 19 2025 via this Zoom link. Market cap $18.3m. Accumulated losses of $30.3m and net assets of $14.5m. See wrap of 4 questions asked. No protest votes but provided extra voting data.

52. Elixinol Wellness (EXL): noon virtual AGM Melbourne time on May 20 2025 via this Vistra Zoom link. Registered the day before, confirmed by co sec Melanie L. Market cap $6.4m. Accumulated losses of $227.9m and net assets of $10m. See text of 4 questions asked.

53. Viva Energy (VEA): 2pm hybrid in Melbourne on May 20, 2025 at King Wood Malleson (level 27/477 Collins) and via Link platform. See notice of meeting. See text of 6 questions asked. Biggest protest vote 9% against rem report.

54. Bell Financial Group (BFG): 10am virtual AGM on May 21, 2025 via Computershare platform. See notice of meeting, plus this addendum released on May 2 adding another director re-election. Market cap $428m. See text of 4 written questions submitted. No protest votes.

55. Dalrymple Bay Infrastructure (DBI): The company raised $1.286b at $2.57 when it was floated by Brookfield in November 2020. 10am hybrid in Brisbane on May 21, 2025 via Link platform but only for online questions, not voting. See notice of meeting. See text of 4 questions submitted. No protest votes.

56. Future Generation Australia (FGX): 10am May 21, 2025 Sydney hybrid and via this Lumi link. See notice of meeting. See text of 3 questions submitted. No protest votes.

57. Stanmore Resources (SMR): 10am hybrid on May 21, 2025 in Brisbane via Link platform. See notice of meeting. Market cap $1.6b. See text of 4 questions submitted. Biggest protest 16.5% against rem report.

58. Telix Pharmaceuticals (TLX): 10am hybrid in Sydney on May 21, 2025 and via Link platform. See notice of meeting. See text of 5 written questions submitted. No protest votes.

59. GQG Partners (GQG): 9am Melbourne time virtual AGM on May 22, 2025 via Link platform. See notice of meeting. See text of 4 questions asked. No protest vote on single director election resolution.


60. Ventia Services (VNT): 10am virtual AGM via Computershare platform. See notice of meeting. See text of 5 questions asked. Biggest protest vote 17% against CEO's LTI grant and they embraced additional voting data.

Copyright © 2025 The Mayne Report. All rights reserved

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