4 questions lodged at 2025 Envirosuite virtual scheme meeting

Q1. The latest annual report says we have 4,516 shareholders, which is a lot for a company capitalised at only $126 million. What sort of solicitation campaign did we run to get out the vote at today's scheme meeting and how many shareholders voted? Are we happy with this level of retail shareholder engagement in such a pivotal transaction for the company?

Q2. Why didn't we offer a hybrid scheme meeting which also enables shareholders to participate in person? Also, very few of our 4516 shareholders will have tuned in to watch this online scheme meeting live. Will you publish a full archive of the meeting on your website, at least until the takeover closes. for the benefit of those shareholders who didn't tune in live? Even better, why not lodge a full transcript with the ASX?

Q3. What has been the history of our relationship with Ideagen? Did we have any takeover discussions with them before they were acquired by London-based private equity firm HG for $US1.3 billion in 2022? Also, have any of our directors or senior executives been offered or signed contracts to provide ongoing services to HG once the takeover completes?

Q4. Australia is currently in the midst of an unprecedented deluge of takeovers that has contributed to listed entities on the ASX dropping in 27 of the past 29 months for a net reduction of 211 or 9.2% to 2,083 on June 30, 2025. There were a record 27 major takeovers above $100m completed in 2024-25 and now we've joined the exodus. Why do the chair and CEO believe this is happening? There is a clear mis-pricing between public markets and private markets but is there also a problem with the scrutiny and extra regulation of smaller ASX listed companies, which don't benefit from index investing? Does the chair agree this is a problem for the nation, particularly with so few new floats replenishing the ASX ranks?

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