Q1. Congratulations on your 189 year publishing history and for achieving 33 consecutive quarters of subscriptions growth. With traditional media business models under attack and even analyst numbers falling away, it is great that we are supported by over 100 independent journalists and analysts worldwide. As an independent journalist myself and a new Aspermont shareholder, how do I get involved? Also how did this Perth-based company finish up having physical AGMs in Singapore and does this make sense going forward?
Q2. It's a bit embarrassing that our shares are trading at half a cent. We have a market capitalisation of $12.5 million but do we really need to have 2.47 billion shares on issue? This is more the Commonwealth Bank with 1.7 billion shares on issue and CSL with 489 million. Will the chair undertake to consider proposing a 100-for-1 consolidation for approval at next year's AGM so that we will only 2.57 million shares on issue and a share price of around 50c? What is the history of how we finished up with a ridiculous 2.47 billion shares on issue?
Q3. Could the chair comment on whether he supports the principle that public companies should release their full year results before the deadline closes for candidates to nominate for the board at the AGM. If some disaster unfolds in the annual results, shareholders need time to arrange changes to the board at the following AGM. We follow this principle but the majority of ASX100 companies with September 30 companies don't. Can the chair guarantee that we won't switch to a rushed pre-Christmas AGM like what NAB, Westpac, ANZ, Elders, Bank of Queensland, Orica and Incitec Pivot do? Were there any issues engaging with shareholders after Christmas using our current timetable as this is the excuse that the big banks use for holding premature pre-Christmas AGMs?
Answer: The chair... Watch video of exchange via Twitter.
Q4. 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 investor presentation going back until 2017, including both full transcripts and videos. Out of respect for your 400 retail shareholders, more than 90% of whom won't be attending in Singapore 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. Even better, why not lodge a copy of the full AGM transcript with the ASX, not just including the formal addresses but also picking up the Q&A?
Q5. Why was the rem report defeated on the proxies? Will the undirected proxies and votes in the room save it?
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