AVJennings (AVJ) AGM 2025 summary

Opening remarks and agenda

• Meeting opened with confirmation of quorum and instructions for voting and participation, both in-person and online.

• Purpose of the Scheme Meeting was to vote on the proposed Scheme of arrangement for acquisition by PM Nominees C Pty Ltd.

• Directors, executive team, and key staff were introduced to attendees.

Financial performance review

• FY 2025 recently completed; audited accounts are being prepared and will be released in due course.

Board and executive committee updates

• Board unanimously recommended shareholders vote in favor of the Scheme, subject to no superior proposal and continued positive independent expert advice.

• Mr. Philip Kearns may be entitled to vesting of certain performance rights in connection with the Scheme.

• Board determined to accelerate and vest 93.9% of equity incentives for all participants via new share issuance.