4 questions lodged at 2025 Stanmore Resources hybrid AGM

Q1. ISS and Glass Lewis recommended against the remuneration report last year but we didn't suffer a first strike, partly because the Widjaja family voted in favour. Given that the family is represented on the board which is setting our remuneration policies, should they be voting on remuneration reports and have they again this year? What did ISS and Glass Lewis recommend this year?

Answer: Chair Dwi Suseno explained the technicalities of why Matt Latimore couldn't vote but GEAR/Widjaja could. The question wrangler Reece claimed proxy adviser reports are confidential. Listen to audio of exchange via Twitter.

Q2. Thank you for offering shareholders a hybrid AGM today. I lodged these written questions via the Link platform before the meeting commenced but then had to go and record The Money Cafe podcast with Alan Kohler at 10.30am. Could you confirm a full webcast archive will be published online like in previous years. Also, when announcing the poll results to the ASX, could you please disclose how many of our 3,000-plus shareholders voted for and against each item, like with a scheme of arrangement.

Answer: The question wrangle Reece said this was a yes, including in the proxies disclosed early with these formal addresses. See the extra voting data. Many thanks, Stanmore Resources, which has been added to this best practice list. Listen to audio of exchange via Twitter.

Q3. We have an unusual share register with the Widjaja family controlling the company with a 59% stake and then Regal Funds Management being the only other substantial shareholder with a 7% stake. Could one of the Widjaja family nominees on the board summarise the family's relationship with Regal. How are they treated relative to other shareholders and what overall level of engagement do we have with institutional investors?

Answer: Chair Dwi Suseno sung the praises of the controlling family whilst the CEO laid out the institutional engagement program. Regal is no longer substantial but Perpetual has stepped up to the the second biggest holder. audio of exchange via Twitter.

Q4. The previous QLD Govt introduced the highest coal royalties in the world and then when they were voted out of office last year, the new govt re-stated the books & the debt position was much worse that previously thought. Who are we primarily dealing with in the new govt on the question of coal royalties, are we happy with the current royalty arrangements & how stable is the situation given the deteriorating position of Queensland's public finances? As one of our largest shareholders, could Matt Latimore also comment on this.

Answer: Chair Dwi Suseno attempted to impose a 3 question limit at the start of the meeting but question wrangler Reece allowed this fourth question because no-one else asked any questions for the whole meeting. The CEO laid out all the facts and figures on the huge royalties they're paying, including their engagement campaign but there has been no movement from the LNP so far. Listen to the CEO's response and the Matt Latimore comments.

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