Propel Funeral Partners Ltd. · ASX:PFP
Propel Funeral Partners — Shareholder Meeting (July 2021)
13 slides from Propel Funeral Partners's shareholder meeting presentation, Jul 22, 2021
Slide 1: General Meeting of Shareholders
For personal use only General Meeting of Shareholders 22 July 2021
Slide 2: Brian Scullin, Independent Chairman Introduction
BRIAN SCULLIN For personal use only Independent Chairman & Non-Executive Director Introduction Dils Funeral Services – Auckland, New Zealand 2
Slide 3: Your Board
Your Board For personal use only Focussed on delivering for stakeholders Brian Scullin Fraser Henderson Independent Chairman and Non-Executive Director (NED) Executive Director – Head of M&A and – Chair of Tasmanian Development Board, Macquarie Point General Counsel/Company Secretary Development Cor
Slide 4: Agenda
Agenda For personal use only 1. Why has this meeting been convened? 2. Proposed Internalisation 3. Formal business resolutions 4
Slide 5: 1. Why has this meeting been convened?
1. Why has this meeting been convened? For personal use only To consider: • the proposal to internalise the key management functions of Propel; and • resolutions to implement that proposal, including changes to the constitution, as detailed in a notice of meeting and explanatory memorandum that was
Slide 6: 2. Summary of the internalisation proposal
2. Summary of the internalisation proposal • For personal use only Termination of the Management Agreement, subject to shareholder approval. • Termination fee of $15.0 million, to be funded 50% in cash and 50% in equity. • Removes the obligation on the Company to pay fees to the Manager, including u
Slide 7: Formal business and resolutions
For personal use only 2. COVID-19 Formal Impact business and resolutions XXXX 7
Slide 8: Proxies received prior to the cut off time
Proxies received prior to the cut off time For personal use only Resolution For Open For and Open Against Abstain 1 25,690,795 4,030,793 29,721,588 603,050 55,960 84.72% 13.29% 98.01% 1.99% 2 46,522,822 4,030,793 50,553,615 575,979 28,899 90.99% 7.88% 98.87% 1.13% 8
Slide 9: Resolution: Termination of the Management Agreement
Resolution 1 For personal use only Termination of the Management Agreement “Approval of the termination of the Management Agreement in consideration of Propel paying to the Manager the Termination Fee (by way of payment of the Cash Component and the issue of the Termination Shares) for the purposes
Slide 10: Resolution: Amendments to the Constitution
Resolution 2 For personal use only Amendments to the Constitution Proposed amendments to the Constitution for the purposes of section 136(2) of the Corporations Act. Note: Resolution 2 will not be relevant unless Resolution 1 is passed. However, the passing of Resolution 1 is not conditional upon Re
Slide 11: Voting
For personal use only Voting 11
Slide 12: Meeting Close – Thank you
For personal use only Meeting Close – Thank you 12
Slide 13: For personal use only
For personal use only
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