Spacetalk Limited (SPA) Earnings Call Transcript & Summary

Good morning, everyone. My name is Georg Chmiel, and I'm the Chair of Spacetalk Limited and will be chairing today's meeting. On behalf of the Board of Directors, it's my pleasure to welcome you all to our Extraordinary General Meeting of Shareholders for 2025. As there is a quorum present and it's after the appointed time for the meeting, I declare this Extraordinary General Meeting of Spacetalk open. My fellow directors, Mike Rann, Martin Pretty and Simon Crowther, join us today also. Attending from the Spacetalk executive team are Innocent Ndoda, CFO; and our Company Secretary, Kim Larkin. No apologies have been received for today's meeting. Thank you to everyone attending via the online AGM technology today. The online AGM technology allows shareholders, proxyholders and guests to attend the meeting virtually. All attendees can watch a live webcast of the meeting. In addition, shareholders and proxyholders have the ability to ask questions and submit votes. Questions can be submitted at any time. [Operator Instructions] Please state your name or the name of the shareholder that you represent prior to asking your question. Please note that while you can submit questions or comments, we will not address them until the relevant time of the meeting. Please also note that your questions may be moderated, or if we receive multiple questions on the same topic, we will merge them together. Finally, due to time constraints, we may run out of time to answer all your questions. If this happens, we will answer them in due course via e-mail or by posting responses on our website. We will certainly give our best efforts to answer everybody's questions. Voting on the resolution before the meeting will be conducted by way of poll. In order to provide you with enough time to vote, I will shortly open the voting. For those attending this meeting and voting on the online AGM technology, if you are eligible to vote at this meeting, a voting tab will appear once voting is open. Selecting this tab will bring up the detail of the resolution and present you with voting options. To cast your vote, simply select one of the options. There is no need to hit a submit or enter button as your vote is automatically recorded. You do, however, have the ability to change your vote up until the time I declare voting closed. I appoint Boardroom Pty Limited, our share register, to be returning officers. I now declare voting open, and I will provide ample notice to complete your voting prior to the closing of voting. The notice of meeting dated 14 March 2025 was made available to shareholders. And if there's no objection, I shall take the notice of meeting as read. Where a vote is required on a particular item, the valid proxies received in advance of the meeting for the proposed resolution will be shown on the screen to enable shareholders to view them as that item is considered. I will address the resolution and any questions received in respect of the resolution during each item of business. Approval to issue warrant. The motion before the meeting proposes the issue of a warrant to Pure Asset Management Pty Ltd. The motion is to consider and, if thought fit, pass the following resolution as an ordinary resolution: that for the purposes of Listing Rule 7.1 and for all other purposes, shareholders approve the issue of a warrant to Pure Asset Management Pty Ltd in its capacity as trustee for the Income and Growth Fund or their nominee on such terms and conditions more particularly described in the explanatory memorandum. The proxy details are displayed. I note that undirected proxies directed to the chair are intended to be passed in favor of the resolution. The directors unanimously recommend that shareholders vote in favor of this resolution. I will now pause for a moment to allow shareholders to lodge any written questions or comments on the online platform. Kim, are there any written questions in respect of this item of business?

There are no questions at this time.

Do we have any verbal questions from shareholders?

There are no verbal questions either at this time.

I now invite you to vote on this resolution by selecting the vote button. Ladies and gentlemen, please ensure that you have cast your vote on the resolution. I will now pause to allow you time to finalize those votes. [Voting]

We will publish final voting results with the ASX on our website later today. Thank you for your attendance today. That concludes the formal business of the meeting. There being no business, I now declare the meeting closed.