4 questions lodged at 2024 Eureka Group virtual EGM

Q1. Thank you for offering your 1000 shareholders online access to this virtual EGM, which is very different to the physical AGM you held in Brisbane on October 31. What was the thinking with both models and is there any chance you could combine the best of these models and run a hybrid AGM next year so that shareholders can attend in person in Brisbane and those of us who live interstate can participate online. The Link hybrid platform is excellent, so please keep using that for the online questions and voting component.

Answer: The chair Murray Boyte said this was a reasonable request but made no firm promises. Watch video of exchange via Twitter.

Q2. I can't find any audio, video or transcript record of your past AGMs on your website, including the recent meeting in Brisbane when there were across the board 40% protest votes on all resolutions. What was that all about? Was this Aspen lashing out shortly before selling down. Could you please undertake to make a recording of today's EGM proceedings available on your website so that the 95%+ of shareholders who are unable to watch it live, are able to find out what was said.

Answer: The chair Murray Boyte confirmed that Aspen caused the big protest votes and said they would consider publishing an archive of the EGM. Watch video of exchange via Twitter.

Q3. What is the full history of Filetron's relationship with both Aspen and Eureka Group. Also are either Ben or Blake Cottle, the co-owners of FDC Construction Group, likely to come on the board after this share sale completes? Surely a shareholder of this size would want board representation.

Answer: The chair Murray Boyte didn't provide much detail besides what had been announced to the ASX. Watch video of exchange via Twitter.

Q4. Last month's $71.4m raise at 61c was poorly structured. It included a $15m placement & a $55.4m 1-for-3.4 non-renounceable with overs capped at just 50% of entitlement. The $6.6m retail offer only attracted 400k, leaving $4.4m with the under-writers after board and management support. Why did you structure the offer so unfavaurably for retail investors? Will Filetron and the board support an SPP for retail shareholders to make up for this dilution, even if it dilutes Filetron's powerful 27% stake after today's approval?

Answer: The out-going chair blamed their advisers and said retail would be treated fairly going forward. Watch video of exchange via Twitter, plus these additional croaky and hard to hear comments by CEO Simon Owen.

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