5 questions lodged at 2025 Raiz hybrid AGM
November 23, 2025
Below is the text of the 5 written questions submitted at the 40 minute RAIZ (RZI) 3pm hybrid AGM held in Sydney and via the Computershare platform on November 19, 2025. Market cap $91m after a better year. See notice of meeting and voting results with only protest vote 9.5% against extra placement capacity. The proxies were not disclosed early in the formal addresses. Emailed requesting AGM webcast archive on November 23.
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... Watch video of exchange via Twitter.
Q2. Next year, could you please disclose the proxies earlier to the ASX along with the formal addresses to allow more time for questions preparation. Were there any material protest votes against the remuneration report, or any other item of business today. If so, do you know what the issue was?
Answer: Second year straight have asked Raiz to include the proxies with the formals lodged with the ASX and still they resist. Why? Who's calling for secrecy? Watch video of exchange via Twitter.
Q3. There have been many substantial protest votes against resolutions like this during the current AGM season. It is not good practice to allow a board to selectively place up to 25% of the company's shares to anyone they like over a 12 month period, diluting the existing shareholders without compensation for their lost property rights. What is our history of doing selective placements, why are we asking for this authority and has there been a substantial protest vote against this resolution? Placements favour big end of town investors at the expense of retail and even when retail are offered an SPP, the mast majority don't participate. Why don't you raise capital in a fairer pro-rata way?
Answer: The chair cited the usual guff about flexibility but the item did attract the only minor protest vote of the day with 9% against. Watch video of exchange via Twitter.
Q4. There have been many substantial protest votes against resolutions like this during the current AGM season. It is not good practice to allow a board to selectively place up to 25% of the company's shares to anyone they like over a 12 month period, diluting the existing shareholders without compensation for their lost property rights. What is our history of doing selective placements, why are we asking for this authority and has there been a substantial protest vote against this resolution? Placements favour big end of town investors at the expense of retail and even when retail are offered an SPP, the mast majority don't participate. Why don't you raise capital in a fairer pro-rata way in future and commit not to seek this authority against next year?
Answer: The chair... Watch video of exchange via Twitter.
Q5. Best practice is to take questions on each item of business as they are read out. You don't read out all the agenda items at a board meeting and then call for questions on any items at the end, so please don't do it at next year's AGM.
Answer: The chair... Watch video of exchange via Twitter.
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