Home Meetings, Members and Registers Voting Procedures – Brief (At General Meetings)

Voting Procedures – Brief (At General Meetings)

For the Chairman’s running sheet for the Annual General Meeting I suggest he include some brief words along the following lines about the voting procedure to apply at the meeting – just to make it very clear that voting is initially on a show of hands and only if a poll is called will we revert to the proxies.

Voting Procedures

Shortly I will read out the text of each resolution to be considered, and then ask if you have any questions or comments, after which I’ll ask for your vote, beginning with Resolution 1.

But before putting those resolutions, I should point out the voting procedures which will apply and also inform you of the proxies which have been received.

Resolutions 1, 2 and 4 require a simple majority of those members present and entitled to vote to be passed.

Resolution 3 is a special resolution and therefore requires the approval of at least 75% of shareholders to be passed.

The Company’s Constitution provides that resolutions will first be decided on a show of hands, although a poll may be demanded in certain circumstances.

On a show of hands, every member present (that is, in person, by proxy, attorney or corporate representative) is entitled to 1 vote.

A poll may be demanded on a resolution by the Chairman, or by at least 5 members present, or by any one or more members present holding at least 5% of the shares. The number/percentage right to call a poll is only available to those members present who are entitled to vote on the resolution. On a poll, the member, proxy, attorney or corporate representative is entitled to 1 vote for each share held or represented.

If any poll is demanded, it will be conducted after all the other resolutions have been put to a show of hands. I will explain the procedure for taking a poll in more detail at that time.

The number of proxy votes that have been received for each of the resolutions is as follows:

Please note that the proxy votes in favour of each resolution include open votes which I, as Chairman, intend voting in favour.

As you can see, there is overwhelming support for all resolutions from shareholders

who are not able to be present at the meeting.

*Originally written by Company Secretary, an Australian virtual company secretary service.

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