6 questions lodged at 2024 Pact Group hybrid AGM and EGM

AGM (1 hour)

Q1. In terms of the Australian operation, how many enterprise agreements with unions does our company have across the business and are we worried about these ongoing proposed changes to industrial relations law by the Federal Government such as the right to disconnect and "same job, same pay" rules

Answer: The chair Raphael Geminder read from a script and said they have about 30 enterprise agreements.

Q2. Did any of the 5 main proxy advisers - ACSI, Ownership Matters, Glass Lewis, ISS and ASA - issue a report ahead of today's AGM and, if so, what did they recommend?

Answer: The chair said proxy advisers are less important now that he owns 88% of the business. Listen to audio of exchange via Twitter.

Q3. 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?

Answer: The chair said they would take this into consideration.

SPILL MEETING (20 minutes)

Q4. Why doesn't Raphael negotiate with the minority shareholders who triggered today's second rem strike and spill meeting and reach an outcome either through board representation or an improved privatisation proposal? This situation is becoming farcical and with thousands of minority shareholders under-water, you owe it to us to resolve the situation fairly and equitably.

Q5. What does Michael Wachtel think of the two strike remuneration report voting system and could he also please detail the history of his dealings with the two challenging candidates for the board at the earlier AGM, David Harris and Mark Gandur. Does Michael believe a peace agreement could be reached that saw one or both these candidates invited onto the board to end this embarrassing dysfunction and scrutiny of our poor performance and ongoing mistreatment of minority shareholders?

Q6. As a candidate for the board at this EGM, what does Carmen Chua think of the two strike remuneration report voting system and could she also detail the history of her dealings with the two challenging candidates for the board at the earlier AGM, David Harris and Mark Gandur? What does Carmen think would be the best way to resolve this impasse and is our board culture open to criticism and challenge of the executive chair and controlling shareholder Raphael Geminder?

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