5 questions asked at 2024 AJ Lucas hybrid AGM

Q1. We've got $460 million in accumulated losses. Could the chair and CEO each have a go at providing a simple of explanation of where all the shareholder money went? Perhaps start with summarising the 3 worst decisions we made as a public company.

Q2. Are our enormous tax losses an asset that can be utilised by someone else. For instance, if a highly profitable company such as Wesfarmers bought us, would that reduce their tax bill going forward as they work through our tax losses?

Q3. Pro-rata is the fairest way to raise capital and that doesn't need any special shareholder approval. Are you really planning to do selective placements exceeding 15% of issued capital over the next 12 months. Why should we trust you with this power when past boards of this company have wracked up $460m in accumulated losses?

Q4. Given the interesting discussions across a range of topics today, could the chair undertake to make an archived copy of the webcast plus a full transcript of proceedings available on the company's website? Judges aren't told to go back back and watch video webcasts and politicians have Hansard which provides a full written record of proceedings. The likes of Nine, AGL, ASX, ANZ, Domino's, IAG, Lendlease and Woolworths all routinely produce transcripts. Will you follow suit today?

Q5. When disclosing the outcome of voting on all resolutions today, could you please advise the ASX how many shareholders voted for and against each item, similar to what happens with a scheme of arrangement? This will provide a better gauge of retail shareholder sentiment on all resolutions insight into the chronically low retail shareholder participation rate. Others have already blazed the trail as this was a voluntary disclosure initiative adopted by the likes of Qantas, ASX, Metcash, AUI, Webjet, Suncorp, Tabcorp and Myer in recent years. You've got the data, so why not let the sun shine in?

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