Predictive Discovery Limited (PDI) Earnings Call Transcript & Summary

Good afternoon, ladies and gentlemen. It being 3 p.m., I now call the meeting to order. I've satisfied myself in accordance with the constitution that a quorum is present, and I therefore declare the meeting open at 3:01 p.m. WST. I'm very pleased to welcome you to the General Meeting of Shareholders of Predictive Discovery Limited. I'm Andrew Pardey, Chairman of Predictive Discovery, and I will chair today's meeting. Let me introduce the CEO and Managing Director, Matthew Wilcox, and Non-Executive Directors, Simon Jackson, Steve and Steven Michael. Executive Director, Alain William and Non-Executive Directors, Howard Golden and Alberto Lavandeira joined us online, also attending as Company Secretary Matthew Foy. The format of today's meeting will consist of dealing with the resolutions on the agenda for this meeting, followed by a short discussion, where we'll be happy to answer any questions concerning the company or its activities. In addition to the directors present today, Chief Financial Officer, Ross McLean, also joins us, who will also be available to answer any questions. I would like to take this opportunity of thanking those present for taking the time to attend today's meeting. Your support and interest in the company affairs is appreciated. For everyone who is in attendance today, please ensure that you have reached your attendance with Computershare, at the entrance of the venue. For shareholders who have not already voted, you would have received a green attendance card, which is also your voting card on the reverse. For any shareholder who has voted by proxy and doesn't wish to change their vote, then you will not need to vote today and no green admission card has been issued. Also, further copies of the notice of general meeting and explanatory statement are available at the door if required. In addition to the members present today, the company has received valid proxies representing a total of 3,153,47,197 shares. We have received valid proxies, which will be displayed on the meeting screen with each resolution. Where a proxy vote has been given to the chair without voting instructions, it is intended that for all resolutions, these proxies will be voted in favor of the resolutions. I will table the proxies received before each resolution is considered and voted upon. Resolutions to be considered by shareholders today are to be determined by a poll. Shareholders and proxy holders will be us to complete their green voting card once all resolutions are tabled and then collected by Computershare. The results of the poll will be announced to the ASX following the meeting. Is there anyone who hasn't received a green voting card?

Doesn't appear to me.

Okay. I now turn to the formal business for today's meeting. The notice of meeting was made available to shareholders within the time provided for in the Corporations Act and has been released to the Australian Securities Exchange. Consequently are proposed to the notice be taken as read. I will now proceed to read out the resolutions as set out in the notice of meeting sent to the shareholders. Resolution #1, approval of change of company name. The resolution and a summary of the proxies are displayed on the screen. I propose a motion from proxies that I hold as Chairman of the meeting. Is there any discussion in respect of a motion?

No discussion.

There being no discussion, I put the resolution to a poll, which will be taken once all the resolutions have been tabled at the meeting. Resolution #2. Approval of consolidation of capital. The resolution and the summary of proxies received are displayed on the screen. I propose the motion from the proxies that I hold as Chairman of the meeting. Is there any discussion in respect to this motion? There being no discussion, I put the resolution to a poll, which will be taken once all the resolutions have been tabled at the meeting. Resolution #3, approval to issue securities under long-term incentive plan. The resolution and summary of proxies received are displayed on the screen I propose a motion from proxies that I hold as Chairman of the meeting. Is there any discussion in respect to the motion?

No.

There being no discussion, I put the resolution to a poll, which will be taken once all the resolutions have been tabled at the meeting. Resolution #4, approval to grant performance rights to Matthew Wilcox clocks. The resolution and a summary of proxies received are displayed on the screen. I propose the motion from proxies that I hold as Chairman of the meeting. Is there any discussion in respect to the motion? There being no discussion, I put the resolution to a poll, which will be taken once all the resolutions have been tabled at the meeting. Resolution #5, approval to grant performance rights to Alain William. The resolution and a summary of proxies received are displayed on the screen. I propose a motion from proxies that I hold as Chairman of the meeting. Is there any discussion with respect to the motion? Okay. There being no discussion, I put the resolution to a poll, which will be taken once all resolutions have been tabled at the meeting. Resolution #6, approval of potential termination benefits under the LTIP. The resolution and a summary of proxies received are displayed on the screen. I propose a motion from proxies that I hold as Chairman of the meeting. Is there any discussion with respect to emotion? There being no discussion, I put the resolution to a poll, which will be taken once all the resolutions have been tabled at the meeting. Resolution #7, amendment to the constitution. The resolution and a summary of the proxies received are displayed on the screen. I propose a motion from proxies that I hold as Chairman of the meeting. Is there any discussion in respect to the motion? There being no discussion, I put the resolution to a poll, which will be taken once all resolutions have been tabled at the meeting.

Which is now.

Poll, shareholders and proxy holders are now asked to complete their poll cards. Rod Sams from Computershare has agreed to be the returning officer who will then collect all cards and ensure your votes are counted. [Voting]

Would you please indicate by raising your hand if you require more time to complete and lodge your voting paper. Okay. It appears as though the voting process has been completed. I therefore declare the poll closed. It is intended that the results of the poll will be released on the ASX platform before 5:30 p.m. WST time today. As there is no other formal business to be considered, I will declare the meeting closed at 3:08 WST. Thank you for attending the company's general meeting. I will now open the floor up for any questions.