6 questions lodged at 2024 Nuix hybrid AGM
November 13, 2024
Below is the text of the 6 written questions submitted at the 50 minute Nuix hybrid AGM held on November 13, 2024, plus a summary of the answers and some video grabs via Twitter.
Q1. After a blizzard of post-IPO bad publicity you really have turned things around from a share price point of view. Macquarie remains our largest shareholder with a 29% stake which is currently worth $758m. Macquarie's history has been to sell out of equity positions such as Transurban, Boart Longyear, Sydney Airport & JB Hi Fi. Are they a long term holder, who on the board represents Macquarie & who handles engagement with them? Do we treat them any differently to other shareholders & are they 1 of our 10 biggest customers?
Answer: The chair... Watch video of exchange via Twitter.
Q2. Could the CEO summarise his past LTI grants as to whether they have vested or lapsed. Also, has he ever sold any ordinary shares in the company or bought any on market without relying on an incentive scheme to build his equity position in the company? Please don't say look it up in the annual report and through ASX announcements. It's complicated and the CEO could factually summarise the situation in 60 seconds.
Answer: The chair... Watch video of exchange via Twitter.
Q3. Thank you for offering shareholders a hybrid AGM today. I couldn't find a copy of last year's AGM webcast on your website but there are copies of the results webcasts going back to 2022. Out of respect for your 15,000 retail shareholders, more than 99% of whom won't be attending or watching this AGM live, could you please undertake to publish a full copy of the AGM webcast on the investors relations section of your website.
Answer: The chair... Watch video of exchange via Twitter.
Q4. Thanks to Jeff Bleich for making the trip Down Under to attend today's AGM in person and for sticking with the company, as chair and now deputy chair, through all the ups and downs of the past few years. Given Jeff's expertise on US politics, could he please share his perspectives on what the election of Donald Trump could mean for our business, particularly now that more than half of our revenues comes from the US market? Could the CEO also comment on broader US regulatory issues in the big data and tech sector?
Answer: The chair... Watch video of exchange via Twitter.
Q5. There's a lot of hype about AI, extraordinary amounts of big tech AI investment and talk of a bubble. Where do sit on the AI continuum? Are we an AI-enabled stock and how much of our resurgence can be put down to AI? Also, what level of engagement do we have with the big global AI players such as Nvidia, Microsoft, OpenAI and Alphabet?
Answer: The chair... Watch video of exchange via Twitter.
Q6. Which of the proxy advisers cover us and did any recommend a vote against any of today's resolutions, including this rem report item? If so, what reasons did they give? Finally, please disclose the proxies to the ASX with the formal addresses at next year's AGM and when disclosing the voting outcome to the ASX, please adopt scheme-like disclosure including data on how many shareholders voted for and against each resolution. As a data rich company, it would be respectful to let shareholders know their data on how they voted.
Answer: The chair... Watch video of exchange via Twitter.
Copyright © 2024 The Mayne Report. All rights reserved
