FAR Limited (FAR) Earnings Call Transcript & Summary

Good morning, all. My name is Patrick O'Connor, the company's Chair. And it's my pleasure to welcome you to this general meeting of FAR Limited. The meeting is being held as a hybrid meeting. Those attending virtually may encounter some time lag, and this could cause some delay in your questions and comments coming to our attention. At this meeting today, shareholders are requested to participate, ask questions and cast direct votes at the appropriate time whilst the meeting is in progress. The Company Secretary has advised me that a quorum is present, at this time, 11 a.m., I declare the meeting open. I'm joined through this webcast today by my fellow directors, Robert Kaye and Alan Stein. I would also like welcome our Chief Financial Officer, Garth Campbell-Cowan; and the Company Secretary, Claire Newstead-Sinclair. Our share registry representatives are also in attendance. The Notice of Meeting has been given in accordance with the company's constitution, and copies are available for you on the company's website, the share registry online voting site and the ASX market announcements platform. I will take the Notice of Meeting and explanatory statement as read. As previously advised, this is a hybrid meeting, and shareholders attending virtually are now able to participate and view a live webcast of this meeting, ask questions, cast direct votes at the appropriate time while the meeting is in progress. The purpose of this part of today's meeting is to consider and vote on the proposed resolution as set out in the Notice of Meeting. I will first propose the resolution. This will be followed by a Q&A session on resolution. Once questions have concluded, I will allow shareholders and their representatives to vote on the resolution by way of a poll. Claire Newstead-Sinclair, our Company Secretary, will now outline the procedures for today's meeting.

Thank you, Patrick. Shareholders attending online can submit questions at any time. Written and verbal questions may be asked. To do so, please follow the instructions set out on your screen. Questions which are of a similar nature will be amalgamated and answered as and when the item of business has been addressed. Please note, we may experience some time lag, and this may cause some delay in your written questions or comments coming to our attention. We encourage you to lodge them as early as you can. With regard to voting on today's resolution, all shareholders, proxy holders and authorized corporate representatives and attorneys of shareholders, who are entitled to vote, will be able to do so via the Computershare meeting platform. For proxy holders, you will have a summary of proxy votes, which detail the voting instructions, if any, for the item of business. By completing the voting via the webcast, when instructed to vote in a particular manner, you are deemed to have been voted in accordance with those instructions. Once the poll is opened, select the Vote icon and voting options will appear on your screen. To vote, select your voting direction. A tick will appear to confirm receipt of your vote. To change your vote, select Click Here to Change Your Vote and press a different option to override. Voting shareholders who are attending in person have been given a red voting card at the registration desk. Please complete your voting card according to the instructions outlined on the card, marking a box beside the resolution to indicate how you wish to cast your votes. Once completed, please submit your voting card to Computershare, our returning officer. Nonvoting shareholders will be issued with the blue card upon entering the venue. A blue card will not allow you to vote. However, you may still comment and ask questions. White cards indicate a visitor. Visitors and media are reminded that whilst we welcome you at this meeting, it is a shareholder meeting, and you may not make comments or ask questions. If you have any questions, please raise your red or blue nonvoting admission card prior to speaking to identify yourself as a shareholder. If you are acting as a proxy, please state clearly who you are appointed to represent when introducing yourself to the meeting. I would ask that only questions relevant to the specific resolution be asked. With regard to proxies, we have engaged services of our share registry, Computershare, to compile and report on the proxy voting. Computershare has provided its formal report disclosing the proxy votes received. Those votes will be displayed on the screen. As advised in the Notice of Meeting, where proxies have been properly nominated to be cast at the Chair's discretion, those proxy votes will be cast in favor of today's resolution. Please note that once the poll votes have been tallied by Computershare, we will later today announce the results on the ASX markets announcements platform.

Thank you, Claire. We'll now turn to the business of the meeting. Before opening the poll, I wish to inform shareholders, the poll will remain open for a minute -- few minutes after the proposed resolution has been addressed. I now declare the poll open. I would like to remind you that shareholders who are attending the meeting virtually can submit written questions at any time in relation to the proposed resolution, and these will be addressed at the appropriate time during this meeting. The shareholders who prefer to speak, you will have the opportunity to do so when we reach the Q&A session for the formal part of this meeting. I now turn to the resolution of today's Notice Meeting, which pertains to the issue of options to Alan Stein. If you have any questions in relation to [ the item ] of business, please follow the question process that's been previously outlined by the Company Secretary. We will address your questions after the resolution. I now propose that shareholders consider and, if thought fit, pass resolution 1 as set out in the Notice of Meeting and as displayed on your screen. In relation to this item of business, the following proxies have been received as outlined in the presentation. I move that shareholders consider, and if thought fit, pass the ordinary resolution. We'll now go to shareholder questions. Claire, have we received any questions?

No questions have been received, Patrick.

Thank you. This concludes the Q&A session of the formal part of this meeting. I'll now provide shareholders with an additional minute for poll voting to be completed. [Voting]

Thank you. As the additional minute's now up, I now declare the poll closed. Once the poll results have been tallied by Computershare, we will announce the results later today on the ASX market announcements platform. The company has not received notice of any other business. That concludes the formal business of today's meeting, and I declare the meeting closed. Thank you for your attendance, and we look forward to your continued support. Thank you.