Assetora Limited (AOH) Earnings Call Transcript & Summary

Okay. Phil, can you hear me there?

Yes, I can. Yes.

Sorry, everybody. There seems to be a technical issue with my PC joining. So just bear with me. I was going through our introduction and run sheet. So look, I'll go back to that. My apologies for the technical issues. So I'm the Chairman of DomaCom. Welcome to this general meeting today. We do have a quorum of at least 5 shareholders. So I declare the meeting open again at 11:13. Again, apologies for the logistical issues. Let me just firstly introduce my fellow directors and Company Secretary. With us on the call is our acting CEO, Darren Younger; my fellow directors, Alberto Basile, Steven James, Ray Jourdan, and Vinu Koliyat. Our Joint Company Secretary, Philip Chard, also joins us with apologies from David Hwang, who's our Joint Company Secretary also. As the notice of meeting has been circulated to all shareholders, I propose that this be taken as read. The purpose of this meeting has been called to allow shareholders to consider and vote on the resolutions as set out in the notice of meeting and the explanatory statement. An Annual General Meeting will be held at a later date where we will be able to provide a more general update on the company and our strategy to move the business forward. Let me move to the resolutions for today. You'll see up on your screens there, Resolution 1, which is the subsequent approval and agreement to issue 71 million. Well, you can see the numbers there on your screen. Currently, we have for and against, as you'll see. Tony, if we can move on to Resolution 2, please.

So Mr. Chairman, maybe just the voting procedure, we should just explain a little further. So the voting procedure, maybe if I sort of step in here for a second. So shareholders were encouraged to submit their votes prior to the meeting. Voting is now open through the Lumi software if you haven't already voted prior to the meeting. So each vote will be allocated in accordance with the number of shares held. The votes will be combined with the votes received in advance of the meeting to determine the results of the poll, and will be released to the ASX after the meeting. So before the resolutions are put to the vote, so each individual resolution, there will be an opportunity for shareholders to ask questions around that particular resolution. So if we can ask that those questions only relate to that particular resolution. So as we go through the resolutions, there can be separate sets of questions as required. And the questions will only be taken from persons who are entitled to vote at the meeting. And the Chairman has indicated as the appointed -- where he's been appointed a proxy, he intends to vote all votes in favor of resolutions. So maybe if I pass back to you, Ross.

Yes, sure. So Resolution 1, which is the subsequent approval and agreement to issue ordinary shares. You'll see there on your screens the numbers of votes for and against currently. These are the proxies we've received up to this date. Any questions in relation to this resolution?

So if you'd like to ask a question, either you can raise your hand or through Lumi, there's the opportunity to send in a question that I can read out. So I don't see any raised hands.

Okay. So we'll move to Resolution 2.

Before we just move on, Mr. Chairman, sorry. So we're now sort of putting the matter to a poll. So if you haven't already voted, if you can please vote now using the Lumi software. Okay. So the Lumi is open now so you can vote continuously now on any of the resolutions as we go through. So yes, Mr. Chairman, sorry, we can move on to Resolution 2, please.

Okay. Resolution 2 is the subsequent approval and issue of options. These options have been outlined on terms and conditions in the explanatory statement and is approved under Listing Rule 7.4. I advise the company has received proxies that are shown on this slide to this date. Are there any questions in relation to this resolution? If there are no questions, I'll now put the matter to vote.

Okay. Mr. Chairman, sorry, I've just actually received a question around Resolution #1. So is it too late to go back to Resolution #1? Or should we continue on?

Well, we've already put it to a poll, have we not.

Okay. So we'll continue moving on. So Resolution 2. Okay.

So if there are no questions to Resolution 2, we'll put that vote to a poll.

Yes, I'm just checking there are no questions coming through. There's nothing come through Lumi. No hands have been raised. So we can go forward with a poll. Yes.

Okay. So we'll move on to Resolution 3, which is the subsequent approval for agreement to issue 20,026,802 ordinary shares. I advise the company has received proxy votes that are shown on the table here for Resolution 3. Are there any questions in relation to this resolution?

Okay. So we're just -- okay. So I'm just reading the questions here, Mr. Chairman. So these are still related -- this is in Lumi, so still relating to Resolution 1. Okay. So nothing new -- no new questions on Resolution 3. I'm just checking there's no hands raised. So I'm not seeing any hands raised. So, no questions on Resolution 3. So please proceed.

Okay. So Resolution 4 is the approval to issue 33,544,626 ordinary shares. The company has received proxy votes as shown on the slide here to this date. Are there any questions in relation to this resolution?

So I'm not seeing any hands raised, but let me just check Lumi, please. So there's no new questions around this resolution.

Okay. So let's put this vote to a poll also.

Yes. Okay. So we can move on to the next resolution.

Okay. So Resolution 5 is the approval of 14,285,715 options. We have received proxy votes as shown on this slide here in relation to this resolution. Are there any questions that relate to this? If there aren't, we'll put this one to a poll too.

Yes, I'm just checking. So there's nothing -- no new questions in relation to this resolution. So no, we can proceed.

Okay. Resolution 6, approval of issue up to 200 million ordinary shares and 200 million bonus shares. We have received proxy votes as shown on this slide for this resolution today. Are there any questions in relation to this resolution?

There's no hands raised. So there's no questions in relation to this.

Okay. So we'll put this matter to a poll.

Yes, please proceed.

Okay. Resolution 7, the approval of 14,285,715 ordinary shares and bonus shares to a related party. You'll see the proxies that have been received to date in relation to this resolution. Are there any questions that relate to this?

I'm not seeing any hands raised. We're going through Lumi. Okay. There's nothing in relation to this resolution.

Well, let's put this to a poll then.

Yes.

Thank you. So Resolution 8 is the approval of 250 million ordinary shares as alluded to as further shares. You'll see the proxies on your screen there that have been received to date. Are there any questions about this resolution?

So there's no hands raised. So there's nothing on...

Let's put this vote to the poll.

Yes.

Well, thank you, everyone. I now declare the voting closed. The results of poll will be released to the ASX after the meeting. And ladies and gentlemen, that concludes the business of this meeting. Thank you for your participation. I would declare the meeting closed at 11:24.

Yes. Okay. Thank you, Mr. Chairman.

Thank you, Phil. Thank you, attendees.