5 questions lodged at 2025 Tyro hybrid AGM
November 29, 2025
Below is the text of the 5 written questions submitted at the 45 minute Tyro (TYR) 2pm hybrid in Sydney and via the Link platform on November 26, 2025. Market cap $532m on AGM day after a mixed year. See notice of meeting and voting results. The proxies were not disclosed early in the formal addresses. Only protest 8% against the re-election of Paul Rickard. See 6 questions asked at 2024 AGM.
Q1. Which of the proxy advisers covered us this year and were there any recommendations against this remuneration report or any other items on the agenda? Have there been any material protest votes and please disclose the proxies earlier to the ASX along with the formal addresses before next year's AGM so I don't have to ask questions like this one? Many other companies now do this, including Lynas earlier this morning, as it allows for a more fully informed AGM debate and provides more timely disclosure to the market.
Answer: The chair Fiona Pak-Poy had no useful insights and said she'd just follow the rules. Not helpful. Watch video of exchange via Twitter.
Q2. Do you know why there was an 8% protest vote on the proxies against Paul's re-election? Is it an independence or a workload question? Did a proxy adviser recommended against Paul or have some holders decided to send a message for some reason.
Answer: The chair had no insights. Watch video of exchange via Twitter.
Q3. Could new director Steven Holmes and the chair comment on the recruitment process that led to his appointment to the board. Was a head hunter involved, did the full board interview any other candidates and did Steven know know any of our directors before engaging with the recruitment process?
Answer: The chair Fiona Pak-Poy gave an excellent summary of a comprehensive process and Steven said he didn't know anyone on the board. Perfect. Watch video of exchange via Twitter.
Q4. There was media criticism that we failed to engage fully with US payments giant Stripe when it was up for takeover talks earlier this year, just as a our pursuit of rival Smartpay fell over? Does the chair believe Stripe's interest was leaked to The AFR's Street Talk column in an attempt to pressure us to engage and that this led the ASX to force us to make an ASX announcement. Does the chair believe the current ASX continuous disclosure rules in corporate control situations are fit for purpose or is there need for reform?
Answer: The chair Fiona Pak-Poy gave this one a very straight saying they comply with the rules, act in the best interests of shareholders and don't respond to media speculation. Watch video of exchange via Twitter.
Q5. Which private equity firm has Jon Davey agreed to work for and what business will he be running in Melbourne? Was it just a huge offer out of the blue or were their elements of his role at Tyro which weren't meeting his expectations. In short, why did he resign as Tyro CEO and where is he going?
Answer: The question wrangler edited this down and Jon gave a good straight answer saying it was tough commuting from Melbourne to Sydney for 3 years. No clues on his new private equity gig in Melbourne. Watch video of exchange via Twitter.
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