Atturra Limited (ATA) Earnings Call Transcript & Summary

Good morning, everyone. My name is Shan Kanji, and I'm the Chairman of Atturra Limited. On behalf of the Board, I'd like to welcome you to this Extraordinary General Meeting. I begin by acknowledging the traditional custodians of the land on which we work, live and gather, and I pay my respects to the elders past, present and emerging. It's now 10:30 a.m. There being a quorum present, I declare the meeting and poll open. I confirm that the meeting has been properly constituted. In opening this AGM, I would like to introduce the Atturra Board and management team who are in attendance: Nicole Bowman, Independent Non-Executive Director; Stephen Kowal, Chief Executive Officer and Executive Director. Also in attendance today is the Company Secretary, Kunal Shah; General Counsel, Helen Ord; our Chief Operating Officer, David Decker. Today is a virtual meeting, and I'd like to thank those shareholders who are joining us by the Computershare meeting platform. The agenda for today's meeting will be as follows: we'll proceed with the formal matters to be considered at today's AGM, will conduct a poll after which we'll close the formal part of the meeting and finally, there will be an opportunity for questions or comments. We now move to the formal business set out in the Notice of Meeting. The notice of the extraordinary general meeting was sent to all registered members on or about 18 November 2024 and is taken as read. Today's meeting is being held online via the Computershare meeting platform. This allows shareholders, proxies and guests to attend the meeting virtually. All attendees can watch a live webcast of the meeting. In addition, shareholders and proxies may ask questions and submit votes. Shareholders and proxy holders can submit questions at any time. To ask a written question, select the Q&A icon, you may enter a selected topic from the drop-down menu to which your question relates and type your question into the text box. Once you have finished typing, please press the Send button. The question will then become visible in the box below the Q&A icon. Please note that while you can submit questions from now on, that will not be addressed until the relevant time in the meeting. Please also note that your questions may be moderated or if we receive multiple questions on one topic, amalgamated. To ask a question verbally, select the broadcast icon and follow the instructions written below. Voting today will be conducted by way of a poll on all items of business. For the purposes of the poll, I appoint Glen Rogers of Computershare Registry, the company's share register, who have examined and prepared summaries of the proxy forms received to act as Returning Officer and to conduct the poll. If you're eligible to vote once voting opens, press the vote icon and the resolution will be activated with voting options. To cast your vote, simply select one of the options. There is no need to hit Submit or Enter button as a vote is automatically recorded. You'll receive a vote confirmation notice on your screen. Shareholders in attendance via Computershare's meeting platform that have already submitted a vote by proxy should note that your votes already have been counted towards the poll. You do not need to lodge another vote unless you wish to change your proxy instruction. You can change your vote up until the time I declare voting closed. All undirected proxies or open votes that have been nominated by the Chairman of the meeting as their proxy will be cast in favor of the resolutions in the notice of Extraordinary General Meeting. Please note that the online voting portal is now open and will remain open until the poll is declared closed. Your votes must have been submitted prior to the poll being closed for them to count. Are there any questions in relating to the voting process? Proxies have been inspected, and all those validly lodged have been accepted. Proxies have been received representing a 273,505,604 shares or 79.75% of the issued capital of the company. We will now proceed to the resolutions set out in the Notice of Extraordinary General Meeting. Resolution 1 is as follows: to consider and if thought fit to pass Resolution 1, ratification of prior issue of Tranche 1 Placement shares as liner resolution. The resolution wording is on the screen. If you wish to discuss this resolution, please submit your questions via the Q&A. The proxies received in relation to this resolution are on the screen. I now put the motion. Shareholders and proxy holders can vote at any time by selecting either For, Against or Abstain on the resolution. Once you submit your vote, you should see a green tick confirming that the vote has been received. Resolution 2 is as follows: to consider, and if thought fit to pass Resolution 2, approval of issue of Tranche 2 Placement shares to 26 Cube's Finance Proprietary Limited as an ordinary resolution. The resolution wording is on the screen. If you wish to discuss this resolution, please submit your questions via the Q&A. Proxies received in relation to this resolution are on the screen. I now put the motion. Shareholders and proxy holders can vote at any time by selecting either For, Against or Abstain on the resolution. Once you submit your vote, you should see a green tick confirming the vote has been received. That concludes the resolutions to be voted on today. As noted, we are conducting a poll on the resolutions. Please remember that to record your vote should be able to see a green tick confirming the vote has been received. I would like to advise that voting on the resolution to close shortly. I'll provide you all with a few moments now to allow you to finish voting. Please complete your voting now. [Voting]

I now declare that poll closed. The staff of Computershare will now process the poll, and the results of the poll will be announced to the ASX once they are available. We'll be holding a general Q&A session shortly. If you have any general questions, please submit your questions in the Q&A box now. Is there any other business that can lawfully be brought forward?

There are some questions launched. I will read out the first question and break it into two sections. Why do you need to approve Tranche 1 of the Placement when you already have capacity to issue these shares under the 15% rule.

This is to allow the company to refresh its placement capacity.

And the second part of the question, please confirm that you won't do another placement before next year's AGM?

That decision is in the hands of the Board, so I can't confirm that at this time.

And I suggest we take the other questions on notice and answer later.

We will do that. There being no further questions, I'd like to thank all shareholders for their attendance and we'll now in the formal part of today's meeting. I declare the meeting closed. As advised earlier, the results of the poll will be announced to the ASX once they are available. You mentioned earlier that any other questions outstanding will be taken offline and responded to individually. Thank you for your continued support of Atturra and your attendance today. We will now close the webinar.