Shame file of ASX300 companies refusing to publish AGM webcast archive
January 5, 2023
Below is a shame file of current listed companies which are refusing to publish a transcript or archived copy of their 2022 AGM webcast.
Accent Group (AX1) : 10am hybrid on November 11. Market cap $850m. See notice of meeting and text of 7 written questions asked.
Acrux: 10am hybrid in Melbourne on November 23. Physical at Pitcher Partners, 664 Collins St. Market cap $23m. See text of 11 questions asked. No webcast archive provided here. Requested access to webcast archive and they refused.
Adbri: Concrete giant Adbri is another listed outfit which has regressed on AGM webcast archives. You can watch the 78 minute 2021 AGM webcast here but no sign of 2022 version. Wonder what was said that sparked this change in approach?
Advanced Share Registry (ASW): 10am Perth time hybrid on November 18. See notice of meeting. See text of 13 written questions asked at 32 minute meeting.
Aeris Resources: 10am Brisbane time hybrid on November 23. Chair is father of a test cricketer. See notice of meeting. Lodged 5 questions on Zoom but they were all ignored as meeting shut down with no debate. Emailed requesting archive.
ALS Corp (ALQ): August 23, 2022: hybrid AGM with physical component in Brisbane. See notice of meeting plus list of 12 written questions, the majority of which were ignored. Double digit protest vote against both directors up for election. No sign of AGM webcast archive or transcript.
Alterity Therapeutics (ATH): 9am hybrid on November 11 with physical component on Lygon St. Mark cap only $31m. See notice of meeting and text of 11 questions asked.
APA: October 19: hybrid with physical component in Sydney. Two big protest votes with 20% against climate transition plan and 19% against director James Fazzino. Still waiting for webcast archive and transcript on this page.
Aristocrat Leisure, February 24, 11am: fully virtual AGM. See notice of meeting. 6 resolutions with two directors up for re-election and then 4 pay-related votes, including an increase in the fee cap for directors from $3.2 million to $4 million. See text of 16 questions lodged. No webcast archive or AGM transcript provided despite doing this twice a year with the results presentation.
Betmakers: noon hybrid on November 22. See notice of meeting and text of 12 written questions lodged.
Brickworks (BKW): noon physical meeting in Sydney on November 22. Sent Callum Foote as proxy. No archive of webcast provided and no meaningful protest votes.
Brambles (BXB): 2pm, October 18: hybrid with physical component in Sydney. See notice of meeting. Asked about 8 questions. No meaningful protest votes, transcript promised and proxies disclosed ahead of meeting with formal addresses.
Capitol Health: 11.30am fully hybrid meeting on November 15. Richard Loveridge up for election, Andrew Demetriou still in the chair. See notice of meeting. See text of 10 written questions.
Carsales: 11am hybrid, October 28 with physical component at the Richmond head office. See notice of meeting. See text of 8 written questions which were read in full, along with a summary of the answers. Commendably lodged proxy position with ASX ahead of meeting. Biggest protest 11.3% against Kim Anderson after ISS recommended against over tenure concerns. Still awaiting for webcast archive let alone a transcript. Watch video of feisty capital raising question being asked via Twitter.
Chalice Mining: 9am Perth hybrid at Westin Hotel. See notice of meeting. See text of 8 questions asked. Was impressed by the chair and proxies were disclosed early. Biggest protest 9% against termination benefits. Requested access to webcast archive and they refused.
Cochlear (COH): 10am, October 18: hybrid at HQ in Macquarie University. See notice of meeting. Asked 10 questions and no meaningful protest votes.
Collins Foods (CKF): 9.30am, September 2, 2022: hybrid in Brisbane. See notice of meeting and good to see proxy votes disclosed in the pre-AGM presentation. No meaningful protest votes. See list of 9 questions asked, the majority of which were ignored courtesy of a 2 question limit which was attempted mid-meeting but partially rejected by chair Robert Kaye SC. No sign of AGM webcast archive or transcript, despite requests.
Costa Group: 11am, May 25, 2022: hybrid meeting with physical component at 447 Collins St. Lodged these 9 questions but don't know what happened as no webcast archive published. Biggest protest vote was 5% against director Harry Debney.
Credit Corp: 10.30am, October 25: hybrid with physical component in Sydney. See notice of meeting. Ownership Matters and ISS both recommended against rem report which had a 23% against vote. See voting results. Refused to provide archive of webcast or transcript. Still awaiting webcast archive and transcript.
Data3: 2pm hybrid, October 27: with physical component in Brisbane. Here is text of 12 questions asked with summary of answers. See notice of meeting. Constitutional amendments voted down with 35% protest due to move to virtual AGMs and also 16.6% against vote on CEO's LTI grant. No webcast available as yet.
Domino's Pizza: 3pm Brisbane time hybrid on November 2. See notice of meeting and text of 7 written questions which were asked in full. No material protest votes and transcript promised.
Diversified United Investments (DUI): 10am, October 20: hybrid with physical component on Collins Street. Lobbed these 5 written questions. No material protest votes. All 5 resolutions supported by more than 98% of voted stock. Failed to deliver a webcast archive.
Endeavour Group (EDV): 9am, October 18: hybrid with physical component in Sydney. See notice of meeting. Asked 12 questions despite 2 question limit for each item of business.
Eagers Automotive (APE): 10am, July 15, 2022: a hybrid EGM to approve a $193 million related party transaction involving the Canberra car retailing assets of billionaire director and largest shareholder Nick Politis. The physical component was held at Morgans in Brisbane. Lasted for an hour and impressed that all 6 of these written questions lodged during the meeting were read out in full and answered comprehensively. The deal went through with 98% of voted stock in favour, even though proxy adviser Ownership Matters recommended against.
Eagers Automotive (APE): May 18, 11am (QLD time): Hybrid meeting with the physical component at the Brisbane office of Morgans stockbrokers. See notice of meeting. Pre-AGM email sent on April 16. Lodged proxies early. Yes to see promised archive of webcast. See text of 11 questions asked.
GQG (GQG), 9am, April 27, 2022. Fully online AGM for the Florida-based fund manager listed on the ASX since November 2021. See notice of meeting. Pre-AGM email sent on April 11. See text of 13 questions asked. Meeting last just under an hour and no-one else asked questions. Listen to this 21 minute audio recording of Q&A. Company refusing to provide transcript or access to webcast archive.
Globe International EGM: 2.15pm virtual meeting on October 27 following the triggering of a spill by Solomon Lew in vote completed 20 minutes earlier. See voting results as three directors re-elected with just over 90% in favour. See text of questions lodged.
Globe International AGM: 1pm virtual on October 27. See questions asked at both meetings. See voting results with the usual rem strike and board still triggered by Solomon Lew because the founding Hill brothers couldn't vote their 69% stake. See text of questions lodged.
Goodman Group: 10am hybrid on November 17 with physical component at Sheraton on the Park in Sydney. See notice of meeting. See text of 12 written questions. No sign of webcast but how's this for an unusual archive offering from the 2020 AGM.
Healius: AGM webcasts should be standard practice for ASX200 companies. Have asked hospitals and diagnostics giant Healius to put the 2022 webcast up here. You can watch the 94 minute 2021 AGM but no sign of 2022 version
Healthia: 11am hybrid on November 29 for the allied health roll-up with physical component in Brisbane. See notice of meeting. Quite a few protest votes and see text of 9 questions asked. No sign of a webcast archive but have requested.
Harvey Norman: sent Callum Foote as proxy to physical meeting in Sydney on November 24. See his excellent write up for Michaelwest.com, plus this David Richards piece. As usual, no webcast archive provided and result showed normal 20%+ protest vote against non-independent directors.
Hills Industries: 2pm hybrid Sydney with physical component at AICD. See notice of meeting and text of 15 questions asked.
Iluka Resources: April 13, 2022. Hybrid. 9.30am WST. See notice of meeting. Pre-AGM email sent on April 11. See text of 5 questions asked. No meaningful protest votes and all wrapped up in an hour.
Iress (IRE): May 5, 11.30am, 2022: level 27, 447 Collins St (new pantscraper building), plus online. See notice of meeting. See text of 4 questions asked. No early proxy disclosure and 3 rem protests between 12-15%.
Kogan: noon hybrid on November 24 with Melbourne component at KPMG Melbourne. Ruslan Kogan declined to read his address lodged with the ASX. Proxies disclosed early with formals. See notice of meeting and text of 6 questions asked at 51 minute meeting. Virtual AGMs amendment defeated with 28% opposed. Chair said no webcast archive would be provided.
Latitude Financial, noon, April 27, 2022. Hybrid meeting with physical component being held at the RACV Club in Melbourne. See notice of meeting. Pre-AGM email sent on April 11. See text of 8 questions asked. Meeting lasted just under an hour and no-one else asked questions. No webcast archive or AGM transcript provided.
Magellan Financial Group: 3pm hybrid on December 14 to approve increase in board fee cap. See notice of meeting and text of 5 questions asked. No webcast archive provided here. Was approved by 94.2% of voted stock.
Monash IVF (MVF): 2pm hybrid on November 11 with physical component at KPMG Melbourne. $360m market cap. See notice of meeting and text of 12 questions asked. Lasted about one hour.
Opthea (OPT): 9am hybrid on November 16. (market cap $441m). See text of 12 written questions, most of which were ignored. No other questions and meeting lasted 30 minutes.
Polynovo: 1pm hybrid, October 28 with physical component at Minter Ellison in Melbourne. See notice of meeting. See text of 10 written questions lodged, most of which were censored. See voting results with 22% against CEO options grant, 10.6% against chair David Williams and 10% against director Leon Hoare. Still awaiting for full webcast archive and transcript. Lodged this edited down 91 minute video of the AGM webcast with the ASX.
Prime Financial Group: 9am hybrid via zoom on November 25. Physical component level 17 of HWT Tower in Melbourne. Accumulated losses $23.7m, net assets $47.7 and market cap $48m. See notice of meeting.
Promedicus: 10am hybrid in Melbourne on November 21. See notice of meeting and text of 14 written questions lodged.
Qantas: 11am hybrid on November 4 with physical component at Wesley Centre in Sydney. See notice of meeting and text of 8 written questions along with summary of answers and some video grabs. Still waiting for webcast here.
Reckon (RKN): fully virtual EGM to approve changes to CEO incentive package after sale of accounting business. See text of 5 questions asked.
Regis Resources: 10am hybrid in Perth on November 24. See notice of meeting and see text of 7 questions asked. Refused to provide a webcast archive here.
Ridley: 10am hybrid on November 24 with physical component at KPMG in Melbourne. See notice of meeting. See text of 8 questions asked. No sign of any webcast archive here. Emailed requesting archive access and Dean Martinelli replied: "We record the AGM for the purpose of keeping the minutes only. We don't have a practice of uploading a link to the recording post AGM." Too bad if any of the 6,300 shareholders in this $630m company missed the live version.
Santos (STO): May 3, 10am (Adelaide time): Hybrid meeting with physical component at the Adelaide Town Hall. See notice of meeting. There were 4 separate shareholder resolutions on climate issues and the first non-binding vote on the Santos climate report. See pre-AGM letter sent on April 16. See text of 11 questions asked and big protest votes with a first strike on rem and 37% protest vote against the climate change report.
Seven West Media: a physical meeting held in Redfern on November 10 with only a webcast that wasn't archived. See notice of meeting. Appointed Callum Foote as my proxy and he was the only speaker at 45 minute meeting. See his write-up plus voting results which showed a remuneration strike plus a 10% vote against Ryan Stokes. The Age and SMH also covered the meeting.
Servcorp: 4.30pm hybrid on November 9 with physical component in Sydney. See notice of meeting and text of 7 written questions lodged. No material protest votes.
Sims Group: 9am hybrid on November 8 with physical component at The Mint in Sydney. See text of 11 questions lodged, plus brief summary of the answers. All resolutions strongly supported including impressive 89% support for advisory vote on climate transition plan. See notice of meeting.
Spark NZ: 8am hybrid in NZ on November 4. See notice of meeting and text of 5 written questions.
Sports Entertainment Group: 3pm hybrid on November 9. See notice of meeting and text of 7 written questions which were ignored during 20 minute meeting. No material protest votes. Unusual meeting because broadcast was on Zoom whilst online voting was provided through Computershare platform.
St Barbara Mines: 2pm Perth time, October 26: See notice of meeting and text of 6 questions asked. Meeting lasted 63 minutes and no material protest votes.
Toys R Us (formerly Funtastic): hybrid starting at 2pm in Melbourne on December 7. See notice of meeting and text of 8 written questions lodged. No webcast archive provided here.
Tuas Ltd: fully virtual meeting at 11am on December 2. See text of 13 questions asked plus some video packages. See notice of meeting. Have emailed requesting access to webcast archive.
Vita Group (VTG): hybrid 9am in Queensland on November 11. Market cap only $19m. See notice of meeting - forgot to take a copy of 6 questions asked.
Vita Life Sciences (VLS): noon, May 11, 2022: Hybrid meeting with physical component at Automic Office in Sydney on level 5 of Deutsche Bank House at 126 Phillip St. See notice of meeting. Was only shareholder who attended in Sydney with main issue being asking about assault conviction of director Shane Teoh.
Webcentral: 11.30am hybrid on November 24 with physical component at 380 Collins St. See text of 5 questions asked.
White Energy Corp (WEC): hybrid on November 25 with physical component in Sydney. Was the only person asking questions. See text of 9 questions asked at 50 minute meeting.
Woodside Energy (WPL): May 19, Perth: 10am (WST) hybrid. See notice of meeting. See text of 7 questions asked. Meeting lasted 3.5 hours. Sadly, no archive of the webcast has been provided. Big protests with 49% opposing climate report. See results.
Copyright © 2024 The Mayne Report. All rights reserved
