5 questions lodged at 2024 Northern Minerals hybrid AGM

Q1. Have there been any material protest votes against the board's recommendations on any of today's resolution? If so, which shareholders are taking issue with the performance and leadership of the board and how are we managing this?

Answer: The chair... Watch video of exchange via Twitter.

Q2. Could challenging non-board endorsed candidate Enping Fu please comment as to whether he feels the board has run a fair election process. Was he given timely access to the share register and was his platform published in the notice of meeting without editing and was the full notice of meeting adequately distributed to all shareholders.

Answer: The chair didn't invite the challenging candidate to speak but said everything was fairly conducted in accordance with the law. Watch video of exchange via Twitter. The chair also answered a floor question saying the board didn't know much about the challenging candidate who got 48% support on the proxies.

Q3. Has the auditor arrived yet? When did we last tender the audit and when are we next planning to tender the audit?

Answer: Yes, after being stuck in traffic they made it. Someone explained that they had been in the job for 12 years.

Q4. Resolution 4: There have been many substantial protest votes against resolutions like this during the current AGM season. It is not good practice to allow a board to selectively place up to 25% of the company's shares to anyone they like over a 12 month period, diluting the existing shareholders without compensation for their lost property rights. Why not look at pro rata renounceable raisings in the future?

Answer: The chair... Watch video of exchange via Twitter.

Q5. Rem report: That's a very big strike. Which shareholders delivered this and why didn't they also back the spill if they are also backing the challenging candidate?

Answer: The chair... Watch video of exchange via Twitter.

Copyright © 2024 The Mayne Report. All rights reserved

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