3 questions lodged at 2025 Flight Centre hybrid AGM
November 13, 2025
Below is the text of the 3 written questions submitted at the Flight Centre (FLT) 10am Brisbane time hybrid AGM via Computershare. See notice of meeting. Seeking placement refresh for notes. Market cap has tumbled to $2.6b this year. See interesting debate at 2023 where asked 7 questions. The proxies were disclosed early in the formal addresses with big protests including 24% against chair Gary Smith and 21% against Graham Turner's LTI grant. Process wise they once again ran a near perfect AGM.
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?
Q2. Thank you for disclosing the head count data with the poll results at the last two AGMs. The 2023 annual report said we had 92,429 shareholders and only 845 voted. In 2024 we were down to 79,491 shareholders with only 678 participating in the AGM voting. This year the annual report says we 75,671 shareholders. Has the turn out remained below 1% this year and will you disclose the turn out again in the poll results? Do you think the continuing low turnout is partly because of the move away from paper to online communication after the pandemic?
Answer: They delivered the head count data again with a slight increase in participation to 921.
Q3. The latest ASIC report summarising net short positions across the ASX300 shows that 10.89% of our total shares on issue are currently sold short, which makes us one of the 20 most heavily shorted stocks on the ASX. Do we know which of our institutional shareholders are lending their shares to short sellers and could the CEO confirm that he his not lending his stock to short sellers? Do we know the identity of the short sellers, have we observed any tactics by short sellers to try and drive the share price lower and how are we generally handling this overall situation?
Copyright © 2025 The Mayne Report. All rights reserved
