Unith Ltd (UNT.AX) Earnings Call Transcript & Summary

Okay. Let's get started. Ladies and gentlemen, I welcome you all to the General Meeting of members of Unith Limited. My name is Antony Eaton. I'm a Non-Executive Director of Unith, and I'll chair the meeting today. Sytze Voulon, who is unfortunately unwell. On the call is Executive Director, Scott Mison in the Barcelona office. I understand that a quorum is present in accordance with the constitution, and I therefore declare the meeting open. The Notice of Meeting was lodged on the ASX on 20 August 2025, and shareholders would have received a letter detailing how to access the Notice of Meeting. I now move that the Notice of Meeting and Explanatory Statement be taken as read. The company has received a total of 552,542,181 valid proxy votes or approximately 37.07%. I will read out each resolution and provide the proxy votes. All resolutions will be put to a poll at the end of the meeting. Where the proxy discretion is appointed to the Chair, it will be voted all for the resolution. I'll now move to the resolutions. Resolution 1. That, pursuant to ASX Listing Rule 7.4, shareholders ratify the issue of 127,121,469 shares on the terms and conditions set out in the Explanatory Statement. The proxy votes are as follows: for, 190,597,964; against, 40,018,616; proxy discretion, 16,792,431 and abstain, 8,643,850. This resolution will be put to a poll at the end of the meeting. Resolution 2. That, pursuant to ASX Listing Rule 7.4, shareholders ratify the issue of 122,878,541 shares on the terms and conditions set out in the Explanatory Statement. The proxy votes are as follows: for, 190,597,964; against 40,018,616; proxy discretion, 16,842,431; and abstain 8,643,850. This resolution will be put to a poll at the end of the meeting. Resolution 3. That, pursuant to ASX Listing Rule 10.11, approval is given for the company to issue 12,857,133 shares, 12,857,133 attaching listed options and 12,857,133 attaching unlisted options to Scott Mison or his nominee on the terms and conditions set out in the Explanatory Statement. The proxy votes are as follows: for, 356,999,724; against 37,358,265; proxy discretion, 139,665,361; abstain, 18,505,628. This resolution will be put to a poll at the end of the meeting. As this next resolution 4 relates to me, I'll hand over the chair to Scott to put forward the resolution.

All right. Thanks, Anton. So Resolution 4 pertains, as Anton said, is that pursuant to ASX Listing Rule 10.11, approval is given to the company to issue 1,428,571 shares and 1,428,571 attaching listed options and 1,428,571 attaching unlisted options to Antony Eaton or his nominee on the terms and conditions set out in the Explanatory Statement. The proxy votes are as follows. So for the resolution is 349,949,694. Against the resolution is 54,458,295 and the proxy's discretion is 139,615,361 and abstained is 8,505,628. This resolution again will be put to a poll at the end of the meeting. I will now hand over the Chair back to Anton.

And up to Resolution 5, which is that, pursuant to ASX Listing Rule 7.1, shareholders approve the grant of 250,000,010 attaching listed options and 250,000,010 attaching unlisted options to the placement participants on the terms and conditions set out in the Explanatory Statement. The proxy votes are as follows: for, 64,068,787; against 188,471,320; proxy discretion, 1,926,954 and abstain 1,585,800. This resolution will be put to a poll at the end of the meeting. Resolution 6. That, pursuant to ASX Listing Rule 7.1, shareholders approve the grant of 26,428,571 attaching listed options and 26,428,571 attaching unlisted options to SP Corporate Advisory Pty Ltd or its nominees on the terms and conditions set out in the Explanatory Statement. The proxy votes are as follows: for, 175,289,994; against 185,537,113; proxy discretion, 125,127,027 and abstain 58,003,415. This resolution will be put to a poll at the end of the meeting. Resolution 7. That, pursuant to ASX Listing Rule 7.1, shareholders approve the grant of 26,428,571 attaching listed options and 26,428,571 attaching unlisted options to GBA Capital Pty Ltd or its nominees on the terms and conditions set out in the explanatory statement. The proxy votes are as follows: for, 85,750,259; against 283,598,277, proxy discretion, 125,177,027; abstain, 58,003,415. This resolution will be put to a poll at the end of the meeting. And at this point, I'll ask if there are any questions in relation to any of the resolutions.

Now if you are on through Lumi, there's a section where you can ask questions on there. So if anyone's got any questions, please drop those into Lumi now. And then we can -- we'll give you a minute and then we can answer those questions. Otherwise -- and then we'll go on to the voting side.

There's one on the chat, Scott.

Okay.

I'm not sure who it's from.

Okay. So someone says, will the option issued now? Well, with the results, we don't know the results of the meeting as yet. But from the proxies, it looks as though they might get voted down. But once it goes to the poll, we'll be able to release the results on the ASX. So anyone got any other questions, they can either put it into the chat on Zoom or in Lumi if they're in that system. No, I don't think there's any more Anton. I think we move on.

Okay. Okay. That concludes all the resolutions on the agenda, and we will now complete the poll voting on all resolutions. Could those that have registered for voting, please now vote online, and we'll wait a few minutes whilst that happens.

Again, if you've gone through the Lumi system, you should be able to vote through that system. If you're a shareholder. [Voting]

I think that should be enough time there.

The votes of the poll will be calculated and the results of the meeting will be lodged on the ASX. As there is no other formal business to be brought before this meeting, I formally declare the meeting closed. I thank everyone for attending, and I note that the final results will be lodged shortly on the ASX. Thanks, everyone.

Thanks, everyone.