AGM Statement
No summary for this filing – the full text is below.
Select text to share a quote on X · sign in to keep highlights & notes in your AMP notes
SAE announces that at the Annual General Meeting of the Company held today, all resolutions put to shareholders were duly passed, with the exception of special resolution 8 which was not passed.
All resolutions were decided on a poll. The Company will engage with the largest of those shareholders that voted against Resolution 8 to understand their reasoning.
The results of the votes are set out below:
| FOR* | AGAINST | ||||
|---|---|---|---|---|---|
| RESOLUTIONS | Votes | % of votes cast | Votes | % of votes cast | Withheld** |
| Ordinary Resolution 1 | 270,827,984 | 100.00% | 0 | 0.00% | 1,000 |
| Ordinary Resolution 2 | 235,459,318 | 87.14% | 34,737,149 | 12.86% | 632,517 |
| To approve the Remuneration Report and Directors' fee | |||||
| Ordinary Resolution 3 | 270,459,743 | 99.89% | 300,000 | 0.11% | 69,241 |
| To reappoint Nexia Singapore PAC as audit | |||||
| Ordinary Resolution 4 | 270,525,984 | 99.89% | 300,000 | 0.11% | 3,000 |
| To set the remuneration of the auditors | |||||
| Ordinary Resolution 5 | 235,541,570 | 87.15% | 34,721,138 | 12.85% | 566,276 |
To re-elect John Anthony Clifford Woodley as a director of the Company
| FOR* | AGAINST | ||||
|---|---|---|---|---|---|
| RESOLUTIONS | Votes | % of votes cast | Votes | % of votes cast | Withheld** |
| Ordinary Resolution 6 To re-elect Simon Matthew Hirst as a director of the Company | 269,962,008 | 99.89% | 300,700 | 0.11% | 566,276 |
| Special Resolution 7 To authorise the directors to allot and issue equity securities | 257,343,705 | 95.23% | 12,896,916 | 4.77% | 588,363 |
| Special Resolution 8 To authorise the directors to dis-apply pre-emption rights, as set out in the notice of meeting | 7,839,111 | 2.90% | 262,319,356 | 97.10% | 670,517 |
| Special Resolution 9 To authorise the directors to grant options and awards under the Company's Share Plans | 240,470,246 | 88.98% | 29,770,375 | 11.02% | 588,363 |
| Special Resolution 10 To authorise the directors to make market purchases of own shares | 253,901,589 | 93.76% | 16,904,308 | 6.24% | 23,087 |
*Votes received for the resolutions includes votes allowing the Chairman's discretion. ** A "vote withheld" is not a vote in law and is not counted in the calculation of the proportion of the votes for and against the resolution.
As the date of the Annual General Meeting the Company had in issue 722,812,335 ordinary shares.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.