5 questions lodged at 2025 Data#3 hybrid AGM
October 29, 2025
Below is the text of the 5 written questions submitted at the 95 minute Data#3 (DTL) 10am hybrid AGM held in Brisbane and via the excellent Link/MUFG platform on October 29 2025, plus a summary of the answers and some video grabs via Twitter. See notice of meeting and voting results, with only protest 10% against CEO's LTI grant, which was the subject of Q4. Market cap was $1.41 billion on AGM day. The proxies were not disclosed early in the formal addresses. See text of 6 questions asked at 2024 AGM and ridiculous 12 questions asked at 2022 AGM.
Q1. When was the external audit last tendered, when will it next be tendered and do any of our directors have any history or association with PwC?
Answer: The chair Mark Gray said it was tendered last year when PwC was appointed and none of the directors have any history with PwC. Watch video of exchange via Twitter.
Q2. Last year I asked if any of the proxy advisers recommend against the CEO's LTI grant and chair Mark Gray told me I should ask them myself. This was the worst answer I've ever had to a standard question, so let's try again. Could the chair please share with shareholders his knowledge of what the proxy advisers have recommended on this remuneration report. Also, next year could he please disclose the proxies early to the ASX along with the formal addresses as this is becoming standard practice and leads to a more fully informed AGM discussion.
Answer: The question wrangler Hayley edited out the bit in italics and chair Mark Gray gave another pompous lecture about why the proxies had to be hidden from shareholders until after the debate was finished. Truly! Watch video of exchange via Twitter.
Q3. It is unusual to have 3 new directors up for election for the first time at the one AGM. Which recruitment firm did we use and could each of the 3 new directors summarise their experience of the recruitment process and whether they knew any of our directors or executives before engaging with the recruitment process.
Answer: The chair... Watch video of exchange via Twitter.
Q4. When disclosing the outcome of voting on all resolutions today, including Diane Ellert's election, please advise the ASX how many shareholders voted for and against each item, similar to with a scheme of arrangement? This will provide a better gauge of retail shareholder sentiment on all resolutions and insight into the chronically low retail shareholder participation rate. Also, as a member of the remuneration committee, could Diane give her response to the 10% protest vote on the CEO's LTI grant, which was only disclosed after the debate had finished?
Answer: The chair said he would take the data request questions on notice and then, amazingly, declared the part seeking a response from the incoming rem committee chair as "out of order". Commendably, Diana then sought to answer but was standing away from the mic and hard to hear. Watch video of exchange via Twitter.
Q5. Your name is strange. Have you thought about dropping the # and can you name any other listed companies that have symbols beyond numbers and the alphabet in their corporate name, as opposed to part of a brand like Nike's swoosh. What is the history of the #? Did someone just make a hash of the naming research project? Has the board ever talked about making a name change to something more conventional?
Answer: The chair... Watch video of exchange via Twitter.
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