3 questions lodged at 2025 Swoop Holdings virtual AGM
November 29, 2025
Below is the text of the 3 written questions submitted at the 30 minute Swoop Holdings (SWP) 11am AEDT virtual AGM via Automic on November 27, 2025 with a hostile EGM to come. Market cap $35m. See notice of meeting and voting results. The proxies were not disclosed early in the formal addresses and they announced a strategic change and the departure of chair James Spenceley on the morning of the meeting although he will stay on the board. Copped a 35% rem strike and narrow defeat of placement capacity request with 26% voting against. They got done over in The AFR's Rear Window column 7 hours after the AGM finished.
Q1. Best practice is now to disclose the proxy position to the ASX along with the formal addresses to offer more timely disclosure to the market and a more fully informed AGM debate? The likes of Origin Energy, NAB, Car Group, Viva Energy, Webjet, Xero, Myer, Brambles and JB Hi Fi all do this. Will you adopt this practice at future shareholders meetings and have there been any material proxy protest votes on any of today's resolutions, including this remuneration report item.
Answer: The chair... Watch video of exchange via Twitter.
Q2. Why keep asking for an extra 10% placement capacity & 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 & have you fallen short of the required 75% support based on the proxies?
Answer: The chair... Watch video of exchange via Twitter.
Q3. Given the interesting discussions across a range of topics today and the upcoming EGM, could the chair undertake to make an archived copy of the full AGM webcast available on the company's website for the benefit of the hundreds of shareholders who were unable to tune in live. Even better, why not lodge a copy of the full AGM transcript with the ASX, including the Q&A session?
Answer: The chair... Watch video of exchange via Twitter.
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