4 questions lodged at 2025 Step One Clothing hybrid AGM
November 12, 2025
Below is the text of the 4 written questions submitted at the Step One Clothing (STP) 11am Melb time virtual AGM held via Link/MUFG platform on November 12, 2025. Market cap back below $100m after a bad year. See notice of meeting and voting results. The proxies were disclosed early in chair David Gallop's formal address.
Q1. As a Tabcorp director who has seen best AGM best practice in action, will chair David Gallop undertake to emulate what Tabcorp does at its AGM by next year running a hybrid meeting at Step One Clothing where the proxy votes are disclosed early to the ASX along with the formal addresses and the poll results include the headcount data detailing how many of our shareholders 3097 voted for and against each item? Also, could a copy of the AGM webcast please be published on our website for the benefit of shareholders unable to watch it live?
Answer: The chair... Watch video of exchange via Twitter.
Q2. Is re-election candidate Richard Dennis planning to add to his 30,000 shares before next year's AGM? An investment worth $15,000 looks a bit light on relative to his annual board fee of $98,120 for a company now capitalised at $92.6m. Also, are there any issues with simultaneously serving on two listed online retailers given Richard's position on the Cettire board? Does he ever have to step out citing a conflict or is it all synergistic benefit from having a wider industry perspective with no direct competition given the companies operate in different product markets?
Answer: The chair... Watch video of exchange via Twitter.
Q3. In the company's experience, has coming out of the All Ordinaries index in September had any discernible impact in terms of institutional shareholders selling the stock? What is our history in terms of index inclusion since the 2021 IPO when we raised $81.3 million at $1.53 per share, implying a $287.6 million market capitalisation. Did any proxy advisers ever cover us and are any analysts covering us at the moment? Apart from the founder, which minority shareholders, if any, do we routinely engage with?
Answer: The chair... Watch video of exchange via Twitter.
Q4.
Answer: The chair... Watch video of exchange via Twitter.
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