Cadence Opportunities Fund Limited (CDO) Earnings Call Transcript & Summary

All right, ladies and gentlemen, I think we'll get going. The formal part of this is going to be quite quick, and then we're going to get everyone in for the presentation, so that will be when we do lots of questions. So good afternoon, and welcome to the Cadence Opportunities Fund Limited's Sixth Annual General Meeting. And I would like to thank you all for your attendance and would like to warmly welcome any new shareholders who are joining us for the first time. My name is Karl Siegling, and I will be chairing today's meeting. I'm joined today by our Board members, Susan Oakes, Jolanta Masojada, and Wayne Davies. Welcome. Joining us from Cadence Asset Management's investment team are Chris, Nicholas, and Kieran and joining us from the Asset Management finance team is Elizabeth and [ Min Li ]. Also joining us to address any questions regarding the Company's financial statements is Kinh Luong with HLB Mann Judd, the Company's new auditor. So welcome for the first time as well. Our agenda today begins with the formal part of the Cadence Opportunities Fund Limited meeting. Straight after this, we will be joined by Cadence Capital Limited shareholders for our initial investment briefing -- for our investor briefing presentation. We would please ask that you keep questions to the end of the investor briefing presentation where we will be given opportunity -- where you will be given opportunity to ask questions. After the presentation, we would ask that you please join us for a cup of tea. So now moving on to the formal part of today's meeting. The first item is to discuss the financial report for the year-ended the 30th of June 2024. Does anyone have any questions in relation to the financial report? All right. Then I'll move on to the resolutions for today. There are 3 resolutions to be passed. All resolutions today will be decided by a poll in accordance with the proxy form, which form part of the AGM pack. The Chairman intends to vote all eligible undirected votes where he holds the proxy in favor of the resolutions. The final voting results will be released to the ASX following the conclusion of today's meeting. So here is resolution #1, that the Company adopts the remuneration report as set out in the Directors' report. This resolution is advisory only and does not bind the Company or its Directors. I hold proxies for approximately -- sorry, not approximately, this is accurate at this time. I hold proxies amounting to 5,479,191 for this resolution and 119,670 against this resolution. I will now ask shareholders with questions regarding the first resolution to raise their card. Please complete the voting card in relation to this first resolution. All right. Moving on to resolution #2. Resolution #2 is that Ms. Susan Oakes, who retires in accordance with the Company's constitution and being eligible, offers herself for reelection to be reelected as a Director of the Company. I hold proxies amounting to 5,794,209 for this resolution and 1,335 against this resolution. I will now ask shareholders with questions regarding the second resolution to raise their cards. Please complete the voting card in relation to the second resolution. And finally, resolution #3 is that Ms. Jolanta Masojada, who retires in accordance with the Company's constitution and being eligible, offers herself for reelection to be reelected as a Director of the Company. I hold proxies amounting to 5,794,209 for this resolution and 1,335 against this resolution. I will now ask shareholders with questions regarding this third resolution to raise their card. And could you please complete the voting card in relation to this third resolution? All right. If everyone has had an opportunity to vote on these resolutions, I now declare the polls closed for the vote on each of these resolutions, and that concludes the voting on these resolutions. Could you please place your cards in one of the ballot boxes provided by the boardroom? I don't think there are even boxes anymore. I think they're just a folder. There is a box. Does anyone need to fill anything to put anything in the box? All right. Ladies and gentlemen, that concludes the formal business of the meeting. We will now be joined by the Cadence Capital Limited shareholders and Board members for our investor briefing presentation, which was planned to start at 2:00. What time is it, Wayne? Five minutes, that was good. All right. So we've got 5 minutes before the rest of the shareholders come in. Thanks very much.