AGMs

4 questions lodged at 2024 Betmakers hybrid AGM


November 26, 2024

Below is the text of the 4 written questions submitted at the 23 minute hybrid AGM held on November 26 2024, plus a summary of the answers and some video grabs via Twitter.

Q1. Did any of the 5 main proxy advisers - ACSI, Ownership Matters, Glass Lewis, ISS and ASA - recommend a vote against any of today's resolutions? If so, what reasons did they give and will you disclose the proxy votes before the debate on each resolution so shareholders can ask questions about the reasons if there have been any protest votes? Please don't say they are confidential. It is standard for companies to be across this detail on the voting recommendations and inform shareholders where relevant without publishing the full proxy adviser reports, of course.

Answer: The chair said he was unaware of any proxy adviser reports or recommendations. Watch video of exchange via Twitter.

Q2. Thank you for offering shareholders a hybrid AGM today. I couldn't find a copy of last year's AGM webcast on your website. Out of respect for your thousands of 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:
Question wrangler Charlie twinned this with question 3 and said a copy of the AGM webcast would be published online. Watch video 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 and 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, Suncorp, Tabcorp and Computershare during the current AGM season. You've got the data, so why not let the sun shine in?

Answer:
Question wrangler Charlie twinned this with question 2 and said they would take this into consideration. Watch video of exchange via Twitter.

Q4. The 5 most valuable US big tech stocks - Microsoft, Apple, Amazon, Alphabet and Nvidia - are together worth more than $20 trillion, largely because they have enormous pricing power and are over-charging customers the world over. Could the CEO comment on which of the big global technology companies we are most reliant on and what would we do if they suddenly put their prices up by 30%?

Answer:
Not asked as they offered no general questions after the poll and terminated the Zoom meeting within seconds of the chair declaring the meeting closed after just 23 minutes.