4 questions lodged at 2025 BETR hybrid AGM
December 2, 2025
Below is the text of the 4 written questions submitted at the 22 minute BETR (BBT) 11am virtual AGM via Lumi platform on November 27, 2025. See notice of meeting. Market cap was $224m on AGM day. See 6 questions lodged at 2024 Bluebet AGM where the name change was approved. Disclosed the proxies early and even included the head count data. No protest votes and the poll results also commendably included the head count data. There was good alignment with this "how to run a best practice AGM" letter with the only things missing being running a hybrid and publishing the webcast archive. Was the only shareholder asking questions so not a lot of value in publishing the full webcast archive.
Q1. Thank you for disclosing the proxy votes early to the ASX along with the formal addresses and also for including the head count data showing that 96.6% of directed proxy votes supported the remuneration report and this came from 46 voting shareholders whereas the 2.69% against vote came from 26 holders. The shareholders are clearly comfortable with your rem practices so well done for that. Will you also publish the headcount data in the poll results so we can also see how many shareholders voted at the AGM on the day.
Answer: The executive chair Matt Tripp said yes and here they are. Watch video of exchange via Twitter.
Q2. Some professional directors are reluctant to join the board of gambling companies given the ongoing ESG concerns around customer harm. Did our newest director Alexi Baker watch the recent ABC 4 Corners story on the online wagering industry and what is her approach to how the industry should tackle the challenging public debate about customer harm and industry practices?
Answer: In completely unrelated news, Alexi is the partner of ABC managing director Hugh Marks. She did indeed watch the recent 4 Corners investigation into the online gambling operators before joining the BETR board and says that she takes the gambling harm issue seriously. Watch video of exchange via Twitter and listen to Alexi's campaign speech.
Q3. Why keep asking for an extra 10% placement capacity and are you aware many resolutions like this have been defeated at recent AGMs? Next time you raise capital, will you consider doing a pro-rata issue which treats all shareholders equally, rather than issuing as much as 25% of the company's shares to whoever you like, potentially diluting existing shareholders without compensation. Please don't put this up again next year, although I acknowledge shareholders have strongly supported this resolution today.
Answer: The executive chair Matt Tripp pointed out it was just for flexibility and they had offered retail access in previous capital raisings. Watch video of exchange via Twitter.
Q4. This resolution has been comfortably approved on the proxies and thanks again for disclosing the proxy position early. What is the plan in terms of utilising the extra headroom for individual director fees in 2025-26 and are we looking to add additional directors to the board before next year's AGM?
Answer: The executive chair Matt Tripp said it was more about potentially adding new directors and there were no plans for any pay rises. Watch video of exchange via Twitter.
Copyright © 2025 The Mayne Report. All rights reserved
