5 questions lodged at 2025 Telix Pharmaceuticals hybrid AGM

Q1. Which of the 5 main proxy advisers - ACSI, Ownership Matters, Glass Lewis, ISS and ASA - covered us this year and did any recommend a vote against any of today's 13 resolutions up for the vote, including this opening remuneration report item? If so, what reasons did they give and did this translate into any material protest votes? Please don't say proxy adviser recommendations are confidential. It is standard for companies to be across this detail and inform shareholders in general terms where relevant.

Q2. The Telix website says our chair Kevin McCann "served as Chairman of Macquarie Group & Macquarie Bank from December 1996 to March 2016". This was his entire period on those boards, but he wasn't appointed chair until March 2011. On a less nit-picking note, well done to Kevin for his performance as Telix chair & could he comment on the 3 best decisions the board made during his time as chair? As he retires aged 84, does he agree politics would be different today if he hadn't lost that 1994 preselection 65-55 to Tony Abbott?

Q3. Australia is currently in the midst of an unprecedented deluge of takeovers that has contributed to listed entities on the ASX dropping in 26 of the past 27 months for a net reduction of 211 or 9.2% to 2,083 on April 30, 2025. There were a record 29 major takeovers above $200m completed in calendar 2024. The ASX is losing many long standing names such as CSR, Boral, Crown, Blackmores and Newcrest. There is a clear mis-pricing between public markets and private markets. Why are public markets not valuing ASX listed companies like ours more highly and what are we doing to avoid being gobbled up? Does the chair agree this is a problem for the nation, particularly with so few new floats replenishing the ASX ranks? And do we have any takeover protections apart from FIRB and the ACCC? What are Christian's views on these matters?

Q4. Selective briefing of The AFR's Street Talk column is becoming an unfortunate feature of public market investing in Australia, when the ASX announcements platform should be the primary place for public company disclosures. On February 26 at 5.15pm this year, Street Talk revealed that JP Morgan was looking to sell $120m worth of shares for our CEO Christian Behrenbruch and co-founder Andreas Kluge. This was only 9 minutes after the ASX was informed of the CEO's agreement to sell 2 million shares but our announcement was silent on the CEO's deal to jointly sell with the co-founder, who only retired from our board in October last year when he owned 22.67m shares. Why didn't we announce this, rather than using The AFR's Street Talk column to inform the market?

Q5. As a US-based director, could incoming chair Tiffany Olsen comment on her views about whether Telix should re-heat last year's abandoned proposal to pursue a NASDAQ listing? Given that we've moved to reporting in US dollars, would she agree it does seem inevitable that the US listing will come? How committed is Tiffany to maintaining the ASX as Telix's primary listing into the future?

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