AGMs

3 questions lodged at 2025 Cog Financial Services virtual EGM


June 27, 2025

Below is the text of the 3 written questions submitted at the 26 minute Cog Financial Services (COG) hybrid EGM held at 10am in Sydney and via the Automic/Zoom platform at 10am on June 27, 2025. Latest balance sheet shows $118m of accumulated losses and net assets of $200.5m. See notice of meeting and voting results. Market cap was $319m on EGM day.

Q1. Thank you for once again offering shareholders a hybrid shareholder meeting today which maximises the ability for participation in both voting and debate. Ideally, the online component would be on a purpose built platform for shareholder meetings rather than Zoom, although that can be more expensive. Will a full recording of today's meeting be made available on the company's website for the benefit of shareholders unable to watch live?

Answer: The question wrangler said no and new chair Tony Robinson failed to intervene and say they would look into this. Watch video of exchange via Twitter.

Q1. Were there any competition constraints placed on Tony Robinson and John Dwyer as part of the PSC Insurance takeover last year and is there much overlap between that business and what they aspire to bring to Cog?

Answer: Tony Robinson said there are no constraints and some overlaps. Interesting issue given they've got on-going equity exposure via the US PE firm which bought PSC. Watch video of exchange via Twitter.

Q3. John and Tony are both based in Melbourne yet Cog is based in Sydney. How big are the Cog operations in Sydney and Melbourne will these two appointments to the board lead to a potential relocation of the head office to Melbourne?

Answer: The chair pointed out that Tony Dwyer is based in Wagga Wagga and that some of the Cog operations are based in Melbourne, but there are no plans to move the headquarters. Watch video of exchange via Twitter.