3 questions lodged at 2025 Decidr AI hybrid AGM

Q1. Why didn't you offer your retail shareholders an SPP after the $20m placement at 90c earlier this year? And paying Morgans a 4.5% cash fee seemed excessive. Did we tender this job?

Answer: The executive chair Dave Brudenell didn't really answer the question because the SPP is normally just a token offer after the main event of the placement and it doesn't matter how much it raises. Watch video of exchange via Twitter, plus these additional hopeless comments. He paid a 900k fee to Morgans to clip the ticket on this year's $20m placement and has the hide to talk about the excessive legal and regulatory costs of doing an SPP. Does he realise there is no 4.5% fee on an SPP?
Q2. Have there been any material proxy protest votes against any of today's resolutions, including this remuneration report item. If so, what was the issue?

Answer: There were no protest votes. 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. Any chance you could not do it at the 2026 AGM and instead focus on fairer pro-rata raisings if we need to raise capital.

Answer: A terrible answer from executive chair Dave Brudenell showing no respect for the existing shareholders. Watch video of exchange via Twitter.

Copyright © 2025 The Mayne Report. All rights reserved

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