Senetas Corporation Limited (SEN) Earnings Call Transcript & Summary

Good morning. I'm Francis Galbally, Chairman of Senetas Corporation Limited. It is now 9:30 a.m. This is a properly constituted meeting and a quorum is present. I, therefore, declare this Extraordinary General Meeting of Senetas open. Thank you for your online attendance this morning and for your ongoing support of Senetas. Shareholders and proxyholders in attendance online today have the ability to ask questions and submit votes. I will keep my focus today directed towards the business of the meeting only, as we do not yet have all of the information required to complete the annual accounts of the company for the year ended 30th of June 26. And in addition, the annual audit has not been completed. We will, therefore, not be able to provide any form of commentary nor answer any questions we receive today from shareholders in relation to the business and financial performance of the company for the second half of the 2026 financial year. The market will be fully updated when this information is fully available at the end of August. David Squires from Computershare will act as the company's returning officer for this Extraordinary General Meeting. The Notice of Meeting was made available to shareholders on 22nd June and I propose that it be taken as read. As set out in the Notice of Meeting, there are no voting restrictions today on the single item of business. To ask a question today, select the Q&A icon and type your question into the text box. Once you have finished typing, please hit the send button. Please note that your answers may be moderated or, if we receive multiple questions on 1 topic, amalgamated together. Voting today will be conducted by way of a poll on the single item of business. I will now open voting for the resolution to be considered today. If you are eligible to vote at this meeting, a polling icon will be visible. Selecting this icon will bring up the single resolution and present you with voting options. To cast your vote, simply select one of the options. There is no need to hit a submit or enter button as the vote is automatically recorded. You have the ability to change your vote up until the time I declare voting closed. Where the Chair of the meeting has been nominated as a shareholder's proxy, all open and available proxies have been voted in favor of the resolution to be considered today so that shareholders can see the full picture of the voting instructions received in advance of the meeting. Direct and proxy voting will be displayed on the screen. The single item of business today is the consideration of the approval of a cash return of capital. The company proposes to implement an equal capital reduction to distribute to shareholders approximately $3.5 million of the company's accumulated cash balance with such a reduction to be affected by the company paying to each shareholder as at the record date of 7:00 p.m. Melbourne time on 31st July, an amount of $0.2111 per ordinary share held at that time. Comprehensive details in relation to this item of business are set out in the explanatory notes to the Notice of Meeting. Are there any questions or comments from shareholders in relation to this item of business? There are no questions, so I will now formally put Resolution 1 to the meeting in accordance with the Notice of Meeting. Direct and proxy votes received in advance of the meeting are displayed on the screen. Shareholders and proxyholders, please lodge your vote if you have not already voted. That now covers all the business before today's Extraordinary General Meeting. Are there any other questions shareholders wish to raise? I remind shareholders that I will not be able to answer any questions that we receive from shareholders today about the company's financial performance for the second half of this financial year. As there don't appear to be any questions, I declare that voting by poll is now closed and formally declare this Extraordinary General Meeting closed. On behalf of the directors and staff of the company, I thank you for your attendance via the online platform today. The results of the motion carried at this meeting and the voting instructions received in advance of the meeting will be released to the ASX and will be displayed on the company's website. I now formally declare this Extraordinary General Meeting closed.