Winton Land Limited (WIN) Earnings Call Transcript & Summary

Okay. Welcome, and thank you for joining us at Winton's Special Meeting of Shareholders, which is being held virtually. My name is Chris Meehan, and I'm the Chair of the Board of Directors and the CEO of Winton. It's my pleasure to address you today. We are very pleased to welcome our online participants through our virtual meeting platform provided by our share registrar Link Market Services. The next slide demonstrates the agenda for today's meeting. The order of events for this morning's meeting will be as follows. I will start by introducing the members of the Winton Board. Then as you have seen in the Notice of Special Meeting, we have 1 resolution we would like you to approve. We will take questions from shareholders on the resolution, and I encourage shareholders to submit their questions online through the virtual meeting platform as soon as possible. Voting on the resolution will be conducted by way of poll. Before we formally begin, I would like to reintroduce the other members of the Winton Board. Online today we have Julian Cook, Executive Director and Director of Retirement. We have Steven Joyce, Independent Director. We have Michaela Meehan, Non-Executive Director. We have Guy Fergusson, Non-Executive Director. We have David Liptak, Non-Executive Director, and we have James Kemp, Non-Executive Director. We also have some members of the senior management team in attendance online, including Justine Hollows, who is GM of Corporate Services. Finally, I would like to welcome the team from our shared registrar Link Market Services. Link will help conduct the meeting and with the voting on the formal business, and they will also act as scrutiny. The Company Secretary has confirmed that the Notice of Special Meeting has been sent to shareholders and other persons entitled to receive it. I have been advised that we have a quorum present. On that basis, I am pleased to formally declare the meeting is open. Proxies and postal votes have been appointed for the purposes of this meeting in respect of approximately 177 million shares, representing over 59% of the total number of shares on issue. I would like to thank all shareholders for their participation in the meeting today. My fellow directors and I intend to vote all discretionary proxies we have received in favor of the resolution as set out in the Notice of Special Meeting. The next slide demonstrates the voting instructions and questions process. You can vote and ask questions online. If you encounter any issues, please refer to the virtual meeting online portal guide. Or you can phone the helpline on 0800-200-220 if you're in New Zealand or 1800-990-363 if you're dialing from Australia or elsewhere. You can submit questions by clicking the Ask a Question button in the virtual meeting platform. You can send through questions at any time, so I encourage you to send them through as soon as you can. To ask a question, you'll need to click Ask a Question, within the online meeting platform. Select the item of business and type in your question and press submit. Shareholders will be able to cast their vote using the electronic voting card received when online, when the online registration is validated. To vote, you will need to click Get Voting Card within the online meeting platform. You'll be asked to enter your shareholder proxy number to validate this vote. Please then mark your voting card in the way that you wish to vote by clicking for, against or abstain on the voting card. Once you've made your selection, please click Submit Vote on the bottom of the card to lodge your vote. Please refer to the virtual meeting online portal guide or use the helpline specified, if you require assistance. Voting will remain open until 5 minutes after the conclusion of the meeting. The results of the vote will be announced via the Stock Exchange. The resolution set out in the Notice of Special Meeting is to be considered as an ordinary resolution and as such it must be approved by a simple majority of the votes cast by shareholders entitled to vote and voting on the resolution. The outcome of the proxy votes will be displayed for your information after voting on the resolution. We will now move to the formal part of business, the manner requiring resolution which is outlined in the Notice of Meeting. The resolution is as follows, that for the purposes of Rule 7(c) of the Takeovers Code, the acquisition of 6,991,166 ordinary shares in Winton by a Perpetual Corporate Trust Limited as custodian for TC Akarua 2 Proprietary Limited as trustee of the TC Akarua Sub Trust pursuant to an agreement for the sale of purchase and shares in Winton is approved. I refer you to the independent advisor report issued by Simmons Corporate Finance Limited as attached to the Special Notice of Meeting. All members of the Board, who are not connected with either Akarua or Wanaka Partners as those terms defined in the Notice of Special Meeting recommend that shareholders vote in favor of this resolution. I would like to give shareholders an opportunity to ask questions relating to this resolution. Are there any questions from shareholders in attendance online at this time?

There are no questions from shareholders joining online.

Okay, thank you. Okay, so please now select either for, against or abstain for the resolution on the voting card. And that completes the voting on a resolution. At this time, I'd like to advise the outcome of proxy votes to be lodged in respect to the resolution. And these results are shown on the screen now. Okay, thank you for your attendance today. This ends the formal part of the meeting. I declare that the meeting is closed, with a formal voting to close 5 minutes from now. Thank you.