Syntara Limited (SNT) Earnings Call Transcript & Summary

Good morning, shareholders and visitors, and welcome to the General Meeting of Pharmaxis Ltd, which has been called by Notice of Meeting dated the 8th of June 2022. I'm advised by the company secretary that we have a quorum, and I now declare the meeting open. My name is Malcolm McComas, the Chair of Pharmaxis and the Chair of this meeting. And I'm joined off-screen by Dr. Kathleen Metters and Dr. Neil Graham, 2 nonexecutive directors; and the CEO, Mr. Gary Phillips; and our Company Secretary, David McGarvey. And we're at Frenchs Forest. The business of this meeting is to approve the issue of securities by the company under a placement undertaken in November 2021 in order to refresh the company's capacity to issue securities under ASX Listing Rule 7.1 in the future. Today's meeting is being held as a virtual meeting via a live webcast with the use of the Zoho platform and also the Computershare voting platform for voting. This allows shareholders, proxies and guests to participate in the meeting virtually. Shareholders and proxies have the ability to ask questions via Zoho and submit their votes via Computershare. So you need to be logged into both platforms if you wish to vote or change your lodged vote. We will take the Notice of Meeting and proposed resolution as read, but we will also display it as the meeting progresses. Questions can be submitted online at any time. [Operator Instructions] Please also note that to facilitate an orderly meeting, questions will be moderated. If we receive multiple questions on one topic, they will be amalgamated together by David McGarvey. Voting today will be conducted by way of a poll on all items of business, and I will shortly open voting for the resolution. If you're eligible to vote, you'll need to log into the Computershare meeting platform by following the instructions on the screen or contained in the Notice of Meeting. Once voting opens, press the vote icon, and the resolution will be activated by voting options. To cast your vote, simply select one of the options. There is no need to hit or submit or enter button as the vote is automatically recorded. You'll receive a voting confirmation notification on your screen. You can change your vote up until the time I declare voting closed, which will be towards the end of the meeting. So I'll now declare voting open on all items of business, the single resolution that we have before us. We will now proceed with the formal item of business, which is resolution #1. Resolution 1 is an ordinary resolution that relates to ratification of an issue of securities under the November 2021 placement. The proxy votes received prior to the meeting are displayed on the screen of 45.8 million voting in favor of the resolution, 1.7 million voting against the resolution, 104 million votes abstaining from the resolution, 9.5 million proxy votes excluded from voting and 2.2 million votes that are able to be voted by me as Chair. And I intend to vote all those shares in favor of the resolution. Are there any questions in relation to this resolution?

No questions have come through on the platform, Mr. Chairman.

We'll just give everybody a bit of time to lodge any questions if they have any. Would have put up their hand if they wish to ask a verbal question. Last call for questions? Any further questions, David?

No further questions.

Just give a few more seconds to ask questions if you have any. And if there are no questions, that effectively concludes our discussion on this item of business. The voting system is open and has been for some time. I will give you notice now that I will close the voting system in 15 seconds. So please ensure that you've cast your vote on the resolution, and I'll pause briefly to allow you time to finalize your vote. [Voting]

I'll now declare that voting is closed, and the results of these votes will be released to the stock exchange later today. As there is no further business that this meeting can undertake, I declare the meeting closed, and thank you for your attendance.