4 questions lodged at 2025 Entertainment Rewards hybrid AGM
November 28, 2025
Below is the text of the 4 written questions submitted at the 40 minute Entertainment Rewards (EAT) 3pm Sydney time virtual AGM held via the Link platform on November 28, 2025, the last possible day for June 30 balance date AGMs. Market cap $27.5m on AGM day. See notice of meeting and voting results. The proxies were disclosed early in the formal addresses with no protest votes, mainly because the controlling shareholder has 86.3% and is moving to take over and delist the business.
Q1. Why have you chosen to hold your AGM on Friday, November 28, 2025, the last possible day for June 30 balance date companies? There were 212 last possible day AGMs on this day last year in what appears to be a conspiracy of smaller or poorly performing companies to avoid shareholder scrutiny and engagement amidst this extraordinary AGM deluge. Will you undertake to hold the 2026 AGM before the last Friday in November?
Answer: The question wrangler first served up this written response: "We need to commence the process of holding the AGM only after completion of the annual audit which happens generally in September and then we need to get ASIC/ASX approval which takes another 3 weeks and then as per law we need to give at least 28 days notice to hold AGM which leads us to November end for holding the AGM." Pushed back requesting that it be read out in full and we eventually got there. The chair Dean Palmer said he didn't realise that 212 companies did this last year and they always strive to be as accessible and transparent as possible and will therefore look to hold an earlier AGM next year. Watch video of exchange via Twitter.
Q2. Will a full copy of the AGM webcast be made available on your website for the benefit of the 95%+ of your shareholders who weren't able to tune in live on this last day of the AGM season when about 200 ASX listed companies all chose to hold their AGMs on the same day, making it practically impossible for many shareholders to attend multiple meetings at the same time? Even better, why not lodge a copy of the full AGM transcript or a link to the video or audio recording with the ASX for maximum transparency and accessibility?
Answer: Memo to Entertainment Rewards chair Dean Palmer: it is legal to publish a full copy of the AGM webcast (including the Q&A) on your website. Look forward to seeing it there soon as you continue to pursue best practice transparency and accessibility for shareholders. Watch video of exchange via Twitter.
Q3. Thank you for disclosing the proxies early with the formal addresses and well done for achieving such strong voting support, including on this remuneration report item. When disclosing the poll results, could you also please include the head count data showing how many shareholders voted for and against. This will stimulate future participation by retail shareholder and is a disclosure initiative done by the likes of ASX, Qantas, Computershare, Myer and Suncorp.
Answer: The question wrangler at EAT was trying for private message responses via the Link system and initially served up these words: "We have already submitted Chairman and CEO address along with the proxies on ASX before the commencement of the AGM. Final results will also be declared on ASX within the day. Pushed back and he eventually read this one out in full requesting head count poll data, which was all academic with the controlling shareholder up to 86.3% amidst a takeover & with just 436 shareholders in total. Watch video of exchange via Twitter.
Q4. As this is likely our last AGM, could chairman Dean Palmer provide a brief summary of how we wracked up $172m in accumulated losses and finished up with negative equity of $21m in our latest accounts?
Answer: The chair provided quite a good response, blaming COVID for smashing their business. Watch video of exchange via Twitter.
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