Generation Development Group Limited (GDG) Earnings Call Transcript & Summary

Hello, and welcome, everyone, to today's Extraordinary General Meeting for Generation Development Group. My name is Christine Christian, and I will chair today's meeting in place of our Chairman, Mr. Rob Coombe, who is presently overseas, but is attending this meeting online. I'd like to begin by acknowledging the traditional owners of the land on which we meet today, the Wurundjeri people of the Kulin Nation and pay my respects to the elders, past and present. We're very happy to be able to once again offer a hybrid meeting, which allows shareholders to attend either face-to-face or virtually via the Lumi platform. Our first order of business is to provide instructions for online attendees. Online shareholders and proxy holders can submit questions at any time. To ask a text question, select the messaging tab at the top of the Lumi platform. At the top of that tab, there is a section for you to type your question. Once you finish typing, please hit the arrow symbol to send the question. Online shareholders who wish to ask a verbal question should call the number on the information page and wait until you are prompted by our question moderator to ask your question. Please note that while you can submit questions from now on, I will not address them until the relevant time in the meeting. Please also note that your questions may be moderated or amalgamated together if we receive multiple questions on one topic. And finally, due to time constraints, we may run out of time to answer all questions. If this should occur, we will commit to answering them in due course via e-mail or by posting responses on our website. In terms of instructions for voting, voting will be conducted by way of a poll on all items of business. And in order to provide online shareholders with enough time to vote, polling on the resolutions is open from now. Online shareholders who are eligible to vote at this meeting will see a new polling icon appear. Selecting this icon will bring up a list of resolutions and present you with voting options. To cast your vote, simply select one of the options. There's no need in this case to hit submit or enter button as the vote is automatically recorded. You do, however, have the ability to change your vote up until the time I declare voting closed at the end of this meeting. Shareholders and proxyholders present in the room who are eligible to vote at the meeting have been issued with a green voting card. Once you fill this in, it should be placed in one of the ballot boxes that's been provided by our share registry. Before I begin, I would like to welcome today my fellow Board members, Bill Bessemer and Rob Coombe & Giselle Collins, who are both online. And also present are our senior executive -- members of our senior executive team, namely our CEO, Grant Hackett; our CFO, Terence Wong; and our Company Secretary, Amanda Gawne. Today's meeting is for the purpose of considering various resolutions in connection with GDG's acquisition of Evidentia Group Holdings. Since launching in 2020, Evidentia has grown into a leading player in the rapidly expanding managed accounts market. Evidentia presents a highly strategic growth opportunity for GDG given the complementary nature of the Evidentia and Lonsec Investment Solutions businesses. Evidentia's boutique tailored managed account solutions and financial advice practice management experience paired with Lonsec's broad managed account offering and strength in research will deliver a more complete and scalable business. This will provide financial advisers and their clients with an even stronger value proposition, access to deeper insights, more extensive investment solutions and an integrated service experience that ultimately supports better outcomes for both financial advisers and clients. Through this transaction, GDG will provide leading end-to-end investment management and managed account solutions for licensees, the financial advisers and their clients with minimal overlap in client bases, product offerings and target markets. So I'll now move on to the formal items outlined in the Notice of Meeting. Moving to Resolution 1, which is on the agenda. It is to ratify the issue of placement shares in connection with the acquisition of Evidentia. And I put forward the following motion. For the purposes of Listing Rule 7.4 and for all other purposes, the shareholders ratify the allotment of 27,566,606 shares issued on the 17th of February this year on the terms and conditions described in the explanatory notes to this meeting. A total of 195,937,979 valid proxy votes have been received on this motion as follows. And as you can see on the screen and online, we have 99.95% for, we have 0.05% or 2,673 votes against. Proxies' discretion at 97,999, which is less than 0.05%. And we have a total of 24,612,665 who have either abstained or excluded. So I do ask that you cast your vote if you have not already done so. I'll also use this opportunity to ask questions from any shareholders that may be in the room or ask Amanda, our Company Secretary, whether any text questions have been received from online shareholders.

There are no questions either text or verbal received.

Thank you. Thanks, Amanda. Okay. So if there are no other questions, we will then move to Resolution 2 on the agenda, which is to ratify the issue of consideration shares in connection with the acquisition of Evidentia, and I put forward the following motion that for the purposes of Listing Rule 7.4 and for all other purposes, the shareholders ratify the allotment of 18,826,000 shares issued on the 18th of February '25 on the terms and conditions described in the explanatory notes to this meeting. I will say that a total of 217,644 proxy votes have been received on this motion as follows. And as you can see, we've received for 99.5%, against 2,673, proxies' discretion 105,138 and abstained the same number as previous, which is 2,906,227. And for those of you who have not already done so, I ask that you cast your votes to resolution 2. And I also use the opportunity to take any questions on resolution 2. Should anyone have any questions in the room? Otherwise, Company Secretary, any questions online?

No questions received.

No questions. Okay. All right. Fantastic. So as there are no other questions from online shareholders, ladies and gentlemen, that concludes our discussion on the items of business. I'll shortly close the voting system. Please ensure that you have cast your vote on all resolutions and the green voting cards should be placed in one of the ballot boxes, which will be provided -- being provided right now by our share registry. Okay. Well, on that basis, voting is now closed, and the results of these votes will be released to the ASX later today. Thank you so much. That concludes the business of the meeting, and I declare the meeting closed. And please join me for refreshments with our Board and executive team, and thank you very much for your attendance today. Thank you.