5 questions lodged at 2025 Rhythm Biosciences hybrid AGM
November 5, 2025
Below is the text of the 5 written questions submitted at the 32 minute Rhythm Biosciences (RHY) 11am hybrid AGM in Melbourne at Rialto and via Zoom on November 5, 2025. Market cap $28m after rollercoaster year. Registered Nov 1. See notice of meeting and voting results. The proxies were not disclosed early in the formal addresses. They were on a second strike but there were no protest votes. The chair Otto Buttula raced through the 21 items and closed the meeting after 32 minutes, at which point CEO Dr David Atkins gave a presentation and fielded general questions.
Q1. How many full time equivalent staff do we currently have and is this likely to fall over the coming 12 months with the rapid roll out of AI? Which parts of our business and operations are the most prospective for AI productivity gains and how energetically are we embracing those opportunities?
Answer: The chair Otto Buttula deferred general questions until the end of the CEO's informal product wrap at the end so not sure it was ever asked. Watch video of exchange via Twitter.
Q2. Resolution 3 question: You should not be showing the proxies as if the chair has already voted undirected proxies in favour because they won't be formally voted until the poll. Who advised you to present the proxy position in such a half baked way?
Answer: The question wrangler from Automic didn't have the online questions system firing until resolution 10 so this question was never asked as chair Otto Buttula raced through the 21 item agenda.
Q3. Resolution 5 question: I'm generally opposed to issuing options to ticket-clipping brokers handling capital raisings. How much cash did we save in the underwriting fee by offering this equity payment instead?
Answer: The question wrangler from Automic didn't have the online questions system firing until resolution 10 so this question was never asked as chair Otto Buttula raced through the 21 item agenda.
Q4. Resolution 10 question: There are often big protest votes against resolutions like this because it is not good practice to selectively place up to 25% of the company's shares to anyone you like over a 12 month period, diluting existing shareholders without compensation for lost property rights. What is our history of doing placements, why are we asking for this authority and has there been a protest vote? Placements favour big end of town investors at the expense of your 4500 retail holders. Will you commit to doing an SPP next time you do a placement?
Answer: The question wrangler from Automic finally piped up with a question and at first it looked like chair Otto Buttula was going to read it to himself and then answer it before the wrangler read it out and Otto briefly summarised past capital raising practice in a fairly half baked way. Watch video of exchange via Twitter.
Q5. Resolution 14. It is not generally good practice to issue options to independent non executive directors. Why are we shunning that principle and will we commit to not do this at next year's AGM as 21 resolutions is pretty ridiculous?
Answer: The chair Otto Buttula agreed 21 items was ridiculous but said he was on the way out so it would be up to the ongoing directors to determine if they would change practice next year. Watch video of exchange via Twitter.
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