Wrap of AGM engagements with NZ-based companies

A2 Milk (A2m), 2023: 9am Melbourne time hybrid out of NZ on November 16 - see notice of meeting. See text of 6 questions asked.

A2 Milk (A2m), 2024: 11am Auckland time hybrid via Link platform. See notice of meeting. Market cap $4.26b. See package on 6 questions lodged.

Air New Zealand (AIZ), 2022: 2pm Auckland time, September 22. 2022: Hybrid meeting in Auckland which lasted 1 hour and 42 minutes. Lodged these 14 questions but only 4 were asked. Watch AGM webcast. No meaningful protest votes and proxies were disclosed with the formal addresses ahead of the meeting.

Auckland Airport (AIA), 2024: 10am hybrid at Eden Park in Auckland on October 17, 2024. See notice of meeting. See online access via Link. Biggest protest 9% against director Dean Hamilton.

Briscoe Group (BGP), 2024: NZ hybrid starting at 10am NZ time (8am Melb time) on May 16. See notice of meeting. See text of 6 questions asked. No protest votes. Market cap almost $1 billion.

Briscoe Group (BGP), 2025: 10am hybrid AGM 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.

Chorus (CNU), 2024: 8am Melbourne time virtual meeting in NZ on October 24, 2024. See notice of meeting. Market cap $3.4b. No protest votes. See text of 3 questions lodged.

Contact Energy (CEN): 9.30am hybrid in Auckland via Link platform. See notice of meeting. Market cap $6b. See package on 6 questions lodged. No protest votes.

Eroad (ERD), 2025: 1pm hybrid AGM on June 27, 2025 at Eden Park in Auckland and via Computershare platform. See notice of meeting. Market cap $152m. See text of 4 questions submitted.

Fisher & Paykel (FPH), 2023: 2pm NZ time hybrid on August 29 with physical component in Auckland. See archive copy of 87 minute webcast and text of 7 written questions. See notice of meeting. No early disclosure of proxies in formal presos and only protest 17% against pay rise for NEDs.

Fletcher Building (FBU), 2024: 8.30am hybrid (Melbourne time) in Auckland on October 23, 2024. See notice of meeting. Plenty of issues in its recent $NZ700m capital raising. See package of 6 questions. The acting chair Greg Crowley, an Australian and former CEO of GWA and Austrim, was positively belligerent when asked for some fairly standard AGM transparency and procedure changes.

Fonterra (FSF), 2024: 10am hybrid in NZ. See notice of meeting. See Computershare link. Bad question censorship. See package on 4 questions asked. No protest on single director election resolution.

Genesis Energy (GNE), 2024: 2pm Auckland time on October 15, 2024. Market cap $2.2b. See notice of meeting. See Computershare link. See package on 3 questions asked.

Gentrack (GTK), 2025: 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.

Heartland Group (HGH), 2024: 2pm Auckland time hybrid on October 30, 2024. See notice of meeting. Market cap $870m. They got smashed from the floor as the Australian expansion is not adding value and bad debts are on the rise. See text of 6 questions asked.

Kathmandu (KMD), 2021: November 23, 11am - see text of questions asked. See full AGM transcript lodged with ASX, something you rarely see, but couldn't find video archive.

KMD, 2023: 9am hybrid in NZ on November 10 - see notice of meeting. See text of 5 questions asked and video grabs, including some mentions of the Yannon scandal to former Coles Myer finance director, Philip Bowman, who was elected for 3 more years despite being based in Dubai and the poor share price performance.

KMD Brands (KMD): 2pm NZ time hybrid in West Auckland via Link platform. See notice of meeting. Was out early with the proxies in 2024 and the biggest protest was 5.5% against chair David Kirk. Also delivered extra voting data again. See package on 6 questions lodged.

Meridian Energy (MEZ), 2024: 7.30am hybrid (Melbourne time) in Wellington time on October 15, 2024. See notice of meeting. See package on 6 questions asked.

NZME (NZM), 2023: Hybrid at 3pm NZ time on April 26. the Kiwi media company has a market cap $150m. See notice of meeting and text of 6 questions asked. No archive of AGM available.

NZME (NZM), 2025: 2pm hybrid AGM in Auckland on June 3, 2025. See notice of meeting. Market cap $180m. AGM date notice released for April 29, then delayed until June 3 due to board control skirmishes. See text of 5 questions asked. Biggest protest 13.8% against external candidate Jim Grenon, a fast talking Canadian. The new chair is a former conservative politician.

Oceania Healthcare (OCA), 2025: 2pm hybrid AGM on June 27, 2025 in Auckland via Computershare platform. See notice of meeting. Market cap $413m. See text of 4 questions submitted.

Serko (SKO), 2025: 10am hybrid NZ time on June 26 in Auckland and via Link/MUFG. Market cap $406m. See notice of meeting. See text of 3 questions asked.

Sky City Entertainment (SKC), 2024: 9am (Melbourne time) hybrid in Auckland on October 31, 2024. See notice of meeting. See Computershare link. See text of 4 questions asked. Only protest 12% against Chad Barton the former CFO of Star Entertainment, who the chair strongly exonerated for all the subsequent problems at Star after he left. Also got former Tabcorp CEO David Attenborough talking about his AUSTRAC problems, given this outfit settled with AUSTRAC for $67 million over money laundering at its Adelaide casino.

Sky Network Television (SKT), 2024: 10.30am hybrid in NZ. See notice of meeting. Market cap $240m. See Computershare link. Chaired by Philip Bowman and only protest 8% against director fee cap. See package on questions submitted.

Spark NZ, 2022: 8am hybrid in NZ on November 4. See notice of meeting and text of 5 written questions.

Spark NZ (SPK), 2024: 10am hybrid NZ time on November 1, 2024. See notice of meeting. Attended in 2022. $5b market cap. See text of 6 questions asked. No protest votes.

Summerset Group (SNZ), 2025: 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.

Synlait (SM1), 2024: 1.30pm hybrid on December 4, 2024 at its NZ facility in Canterbury and via Computershare link. See notice of meeting. Market cap $220m. See text of 6 questions asked. No early proxy disclosure in these formals and no protest votes.

TASK Group (TSK), 2024: the restaurant technology company only shifted its HQ and primary listing to Australia in 2023 and now it is being taken over by NYSE listed rival PAR Technology in a $310 million deal announced with a full scheme implementation agreement on March 11, 2024. See our 10 questions at last year's final New Zealand AGM. The scheme book dropped on May 28 and the virtual scheme meeting was scheduled to start at 11am on June 28 Sydney time but was delayed on the day until July 4 due to "conservative legal advice, not ASIC". See text of 6 questions asked. There were no material protest votes at the 22 minute meeting.

Volpara Health Technologies (VHT), 2024: an agreed takeover of the Wellington-based breast cancer company by South Korean cancer AI company Lunit Inc which values the equity at $296m. See scheme book. Hybrid scheme meeting held at 11am on April 12 and asked 3 online questions. Was approved by 97% of voted stock and no head count vote required in NZ. A webcast archive was available here until the deal completed.

Xero (XRO), 2023: fully hybrid meeting starting at 9am Melbourne time on August 17 with physical component in Auckland. See notice of meeting. Proxies were disclosed early with the formal addresses and the only protest vote was 15% against director Mark Cross. See text of 6 questions asked and watch 61 minute webcast.

Copyright © 2025 The Mayne Report. All rights reserved

• share
  Share
  • 
    Facebook
  • 
    Twitter
  • email
    Email
  • print
    Print
  • link
    Copy Link
  • cancel
    Cancel