Alexium International Group Limited (AJX) Earnings Call Transcript & Summary

Good morning. I'd like to welcome everybody to the 2024 Extraordinary General Meeting of Shareholders of Alexium International Group Limited. At the moment, we have appear to have a quorum, and I will declare the meeting open. I would like to introduce my fellow directors who are joining us today either in person or on the screen. We have, in no particular order, Mr. Carl Dennis, Dr. Paul Stenson, Mr. Billy Blackburn, our Chief Executive and Managing Director; and Dr. Bob Brookins, our Chief Technology Officer. I would also like to welcome Ms. Lisa Hubka, Alexium's Vice President of Finance; and Toby Hicks, representing the company's legal counsel, Steiner press, who are joining us online. We have also in attendance Sandra McIntosh from Acclime Australia, representing our Company Secretary. I would like to welcome Matthew Hunter from Automic Share Registry who is in attendance with us today. Mr. Hunter will be the returning officer, and I remind everyone to register with Automic. And if you have not, please do so. All resolutions will be voted on by way of a poll today, and will be conducted after all resolutions have been put to the meeting. When you registered at the attendance desk this afternoon or this morning, you should have received a voting card from Automic. Members holding a yellow card can vote and speak at the meeting. Members holding a blue card are nonvoting shareholders and can speak at the meeting, and visitors holding a red card are not eligible to vote or speak at the meeting. If there is anyone present who is eligible to vote but has not received a yellow card, please see a representative of Automic at the registration desk now. I would like to highlight that where underwritten proxies have been given in favor of the Chairman, I will be voting those proxies in favor of all resolutions being put to the meeting today. As provided [indiscernible] in our constitution, I have determined to conduct a poll on each of the regions being put to shareholders. The poll will be held at the end of the meeting with the results of those poles announced to the ASX as soon as practicable thereafter. After discussion of each resolution, the proxy votes will be advised for each resolution. When the time comes for questions, I suggest we work through these in an orderly manner. Everyone with a question or comment will be accorded a reasonable opportunity to be heard. Please note, virtual attendees will not be able to vote or ask questions via the live stream link. For those in attendance in person, please raise your hand to ask a question. The notice of meeting was made available to all registered members on the 4th March, 2024. And with your agreement, I will take it as read. All resolutions are subject to a number of voting exclusions and prohibitions, which are detailed in the Notice of Meeting. Should anyone wish to review them. These exclusions will be dealt with as part of the poll. This meeting has been called for the purpose of considering and, if thought fit, passing the resolutions as detailed in the Notice of Meeting. As previously stated, all resolutions today will be decided by a poll. And then we'll take the time now to move into the resolutions. As Resolution 1 involves a party related to myself, I will pass to Carl Dennis, the Chair for the purposes of this resolution and putting it to the members. Carl.

Thank you, Simon. So Resolution 1 relates to the approval of the issue of securities to Colinton Capital Partners, Pty Ltd. And, it's related to considering and if thought fit to pass it out with or without amendment, the following resolution as an ordinary resolution, up to 550,753,108 shares to Colinton Capital Partners and 153,846,154 to Colinton Capital Partners Pty Ltd. The result of the proxy voting are in the following slide, 98.38% for, 1.44% against and open is 0.17%. Are there any questions or comments in relation to Resolution 1? If not, then we move onto to Resolution 2 and I'll hand the chair back to Simon.

Thank you, Carl. Resolution 2 relates to the issue of placement shares to unrelated parties. The resolution to consider, if thought fit, to pass with or without amendment the following resolution as an ordinary resolution, that for the purposes of Listing Rule 7.1 and all other purposes, approval is given for the company to issue up to 131,384,615 shares on the terms and conditions set out in explanatory statement. The results of the proxy voting are as shown on the slide now being presented at the meeting: for, 213,162,039 shares, which is 93.24%. Against, 15,131,712 shares, which is 6.62%. Against, 332,318,389 shares. Open, which is [0.0015% ] and 134,520 shares abstaining. Are there any questions or comments in relation to Resolution 2? We'll move on to Resolution 3. Resolution 3 relates to the issue of placement shares to a related party, William Blackburn. This resolution is to consider and if thought fit, to pass with or without amendment the following resolution as an ordinary resolution, that for the purpose of Listing Rule 10.11 and for all other purposes, approval is given for the company to issue up to 12 million shares to William Blackburn or his nominee on the terms and conditions set out in the explanatory statement. The results of the proxy voting are as shown on the slide now being presented to the meeting. For, 98.79% or 298,169,431 shares. Against, 3,337,312 shares, which is 1.11%. Open shares to be voted by proxy, 309,140 shares or [ 0.001% ]. Abstaining, 124,520 shares. Are there any questions or comments in relation to Resolution 3? Okay. Resolution 4 relates to the issue of placement shares to related party Paul Stenson. This resolution is to consider, and thought fit, to pass with or without amendment the following resolution as an ordinary resolution. That, for the purpose of Listing Rule 10.11 and for all other purposes, approval is given for the company to issue up to 11,500,000 shares to Paul Stenson or his nominee on the terms and conditions set out in the explanatory statement. The results of the proxy voting are shown on the slide now being presented to the meeting. For, 94.87% or 286,342,882 shares against 5.02% or 15,163,861 shares open [ 0.001% ] or 309,140 shares and abstaining 124,520 shares. Are there any Questions or comments in relation to Resolution 4? Resolution 5 relates to the issue of placement shares to related party Robert Brookins. This resolution is to consider, and if thought fit, to pass with or without amendment, the following resolution as an ordinary resolution, that for the purposes of Listing Rule 10.11 and for all other purposes, approval is given for the company to issue up to 3,850,000 shares to Robert Brookins or his nominee on the terms and conditions set out in the explanatory statement. The results of the proxy voting are shown on the slide now being presented to the meeting. For, 98.78% or 294,550,515 shares. Against, 1.12% or 3,337,312 shares. Open, [ 0.001% ], which is 309,140 shares. Abstaining, 124,520 shares. Are there any questions or comments in relation to Resolution 5? That concludes the formal items business to be considered at today's meeting. On the topic of general business, we'll consider, we have received one shareholder question prior to the meeting. And I'll address that question after we take the poll. So the poll process is that concludes the formal business of the meeting. As there are no items of business of which notice has been received, we will now move to the conducting of the poll on all resolutions. I will now hand it over to Matthew Hunter of Automic, who will manage the process of the poll. When the voting has been collated, the result will be declared on each resolution and released on the announcements platform of the ASX.

I think Matthew has collected all of the voting cards from the room. So we'll move in to just the closure statement here. The one question we received is, with respect to the next leg of the recapitalization of the company, which is the entitlements offer, and particularly, the question is, will the company release a 4C -- its 4C for April, which relates to the March quarter's trading results and provide a trading update prior to the closure of the entitlements offer? And the answer to that is, Yes. We haven't fixed the date yet as to when the 4C will be released, but it will be released a number of days prior to the entitlement offer to enable everybody who is a shareholder and who has an entitlement to participate in the capital raising, the latest information on the current trading results for the business and also the outlook that Billy will share with people at that time. I think that gives everybody the very best chance to make the most informed decision possible as to whether to participate. And it's been the Board's intention and certainly my intention along the way here to give as much runway as possible for the company to make as much progress as possible before investors need to make that final decision as to whether to participate in the capital raising or not. So please keep an eye out for on the ASX website as to the formal release date as to when we will be releasing the 4C and when there will be a trading update from Billy. But at this point, it's likely to be in the second to last week of April and giving everybody at least a week to digest that information and then make a decision as to whether to participate in the entitlement offer or not. And with that, I'd like to thank all participants here today. That concludes the formal part of the meeting, and I hereby declare the meeting closed. Thank you all for your attendance and interest, and we look forward to your continued support in the coming year. Thank you once again for your support. I feel that the very best times of the company is certainly ahead of it. And your management team and your Board will be doing everything they possibly can to deliver a strong outcome for your investment over the coming years. Thank you again.