4 questions lodged at 2025 Sims hybrid AGM
November 22, 2025
Below is the text of the 4 written questions submitted at the 45 minute Sims Ltd (SGM) 9am hybrid in Sydney and via Link platform on November 21, 2025. Market cap $3b after a good year. See notice of meeting and voting results with biggest protests 9.3% against climate report and 7.4% against re-election of chair Phil Bainbridge. The proxies were not disclosed early in the formal addresses.
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 Phil Bainbridge handed to the CEO who said the 4,000 staff numbers were unlikely to fall. Watch video of exchange via Twitter.
Q2. Which of your institutional shareholders pressured you to do this. Who else apart from Orora has done this?
Answer: The chair Phil Bainbridge said limiting share issuance to 25% was a sensible move and they weren't pressured by anyone because this is where the regulations are likely to move to. Watch video of exchange via Twitter.
Q3. When disclosing the outcome of voting on all resolutions today, including the constitutional amendment, please advise the ASX how many shareholders voted for and against each item, similar to with a scheme of arrangement? This will provide a better gauge of retail shareholder sentiment on all resolutions and insight into the chronically low retail shareholder participation rate. The likes of Qantas, ASX, Suncorp, Tabcorp, Myer, Flight Centre and Stockland all do this.
Answer: The chair... Watch video of exchange via Twitter.
Q4. Well done for running a hybrid AGM today and following the agenda at this meeting, calling for questions on each item. At next year's AGM could you please include the proxies in the formal addresses lodged with the ASX to allow for a more fully informed debate and provide more timely disclosure to the market?
Answer: The chair... Watch video of exchange via Twitter.
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