Spacetalk Limited (SPA) Earnings Call Transcript & Summary

Good morning, everyone. My name is Georg Chmiel, and I'm the Chair of Spacetalk Limited, and I will be chairing the meeting today. On behalf of the Board of Directors, it's my pleasure to welcome you all to this Extraordinary General Meeting of shareholders. As there's a quorum present, I declare the Extraordinary General Meeting of Spacetalk Limited open. The technology are [ locked on ], allows shareholders, proxy holders and guests virtually to attend the meeting. All attendees can watch a live webcast of the meeting. In addition, shareholders and proxy holders have the ability to submit questions and vote. Written questions can be submitted at any time. To ask a question, select the Q&A, icon at the top of the page on the virtual meeting platform, type your question in the text box and then press submit to send. 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 if we receive multiple questions on one topic, amalgamated together. Finally, due to the time constraints, we may run out of time to answer all of your questions. If this happens, we will answer them in due course via e-mail or on our website. For those shareholders who wish to ask a verbal question, an audio question facility is available during the meeting. To use this service, please follow in the instructions below in the broadcast window on the virtual meeting platform and the moderator will facilitate your participation in the meeting at the appropriate time. You will be listen -- you will be able to listen to the meeting while waiting to ask your question. If you have any issues using this system, please contact Computershare on +61-394-154-024. I encourage shareholders who are attending online to submit questions for and requests to address the meeting as early as possible. I will ask the Company Secretary, Kim Larkin (sic) [Clark] to act as moderator for the meeting and to read out any written questions or advise of any shareholders or proxy holders with verbal questions. In the event that I am disconnected from the meeting and cannot immediately rejoin due to technology failure, Martin Pretty will assume the role of Chair of this meeting. Voting today will be conducted by way of poll on the item of business. In order to provide you with enough time to vote, I will shortly open voting for the resolutions. At that time, if you're eligible to vote at this meeting, a vote item will appear at the top of the virtual meeting platform page. Selecting this item will bring up the resolution and present you with voting options. To cast your vote, simply select 1 of the options. There is no need to hit a submit or enter button as the vote is automatically recorded. You have, however, the ability to change your vote up until the time, I declare voting closed. I appoint Nigel Bulling of Computershare Investor Services to be returning officer and to conduct the vote. I now declare voting open. I would like to introduce to you the directors of the Board, Martin Pretty; Mike Rann and our Managing Director and CEO, Simon Crowther. Also attending from Spacetalk executive team, Tonderai Maenzanise Chief Financial Officer and Company Secretary, Kim Larkin (sic) [Clark]. No apologies have been received for today's meeting. Order of business. The notice of meeting dated 15 December 2023 was made available to all shareholders. And if there's no objection, I shall take the notice of the meeting as read. Where a vote is required on a particular item the [ ballot ] proxies received in advance of the meeting for the proposed resolution will be shown on the screen to enable shareholders to view the details as the item is considered. These figures may be varied if a shareholder who submitted a proxy is attending the meeting today and has revoked their proxy. Resolution 1. As this resolution is in relation to shares and options to be issued to myself, Martin Pretty will assume the Chair of the meeting for this resolution.

Thank you, Georg. The motion before the meeting propose that the issue of shares and options to director Georg Chmiel. The motion is to consider and if thought fit pass the following resolution as an ordinary resolution, that for the purposes of Listing Rule 10.11 and for all other purposes, shareholders approved the issuance of 4,545,454 shares and 2,272,727 Options to Mr. Georg Chmiel. Non-Executive Director; all his nominee as a result of his application to participate in the shortfall component of the entitlement offer as announced on the ASX on 28th of August 2023 in the company. On such terms and conditions more particularly described in the explanatory memorandum. The proxy details are displayed. I note that undirected proxy directed to the chair are intended to be cast in favor of the resolution. The directors make no recommendation in relation to the resolution put to this meeting given Mr. Chmiel's interest in this matter. I will now pause for a moment to allow shareholders to launch any written questions or comment on the online platform. Kim, are there any written questions in respect of this item of business?

Martin, there are no questions at this time.

Thank you, Kim. Do we have any verbal questions from shareholders?

There are no verbal questions at this time.

Thank you. I now invite you to vote on this resolution by selecting the Vote icon. And I will now pass the chair back to Mr. Chmiel.

Thank you, Martin. Ladies and gentlemen, please ensure that you have cast your vote on the resolution. I will now pause to allow you time to finalize your vote. Kim, can you confirm that there are no further questions that you have yet that have yet to be addressed?

No, there are no questions at this time.

We will pause for one and a half minutes. I declare the poll closed and formal incharge Mr. Nigel Bulling of Computershare as returning officer to count the votes. We will publish final voting results on the ASX platform and on our website. Thank you for your attendance today. That concludes the formal business of the meeting. There being no further business, I now declare the meeting closed.