4 questions wanted to lodge at 2026 Imricor Medical Systems (IMR) virtual AGM
May 8, 2026
Below is the text of the 4 written questions I wanted to submitted at the 20 minute Imricor Medical Systems (IMR) 9am AEST virtual AGM held via this Computershare link on May 8, 2026. See notice of meeting. Biggest protest last year 27% against CEO's options grant. Market cap had soared to $629m by AGM day. Record date was March 16 and bought on March 9. The proxies were not disclosed early in the formal addresses.
Q1. Why didn't you offer an SPP with the recent $60m placement? 09:19 AM
Answer: The chair... Watch video of exchange via Twitter.
Q2.
Answer: The chair... Watch video of exchange via Twitter.
Q3.
Answer: The chair... Watch video of exchange via Twitter.
Q4.
Answer: The chair... Watch video of exchange via Twitter.
April 30, 2026: Imricor Medical Systems (IMR): went into a trading halt at 9.59am on April 30 and then The AFR's Street Talk column reported at 11.35am that the $634 million market cap company was raising $60m in a placement priced at $1.85 per CDI, a 6.3% discount to the last close. The official announcement dropped at 9.12am on May 4 and detailed the placement as leaked. Canaccord Genuity, Morgans Financial and Taylor Collison shared the ticket clipping duties with a 4% cash fee. The stock settled at $1.90 by May 7 giving it a pre-settlement market cap of $610m. Gave the selective briefing a slap on Twitter. Given the failure to offer retail investors an SPP, they've been added to this “placement only shame file”.
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