Dropsuite (DSE) Scheme Meeting 2025 summary

Opening remarks and agenda

• Meeting opened as a hybrid event with both physical and virtual attendance, confirming quorum and outlining participation and voting procedures.

• Chairman Theo Hnarakis opened the meeting and outlined the agenda, including formal business and a Q&A session.

• Chair introduced board members, senior management, and advisors present, and described the meeting's structure and agenda.

Board and executive committee updates

• Board and management team introduced, including CFO Bill Kyriacou, Managing Director Charif El Ansari, and other key executives.

• Directors unanimously recommended voting in favor of the scheme, with all directors committing their shares to the proposal in the absence of a superior offer.

• No superior proposal had emerged as of the meeting date.

Shareholder proposals

• Shareholders were asked to vote on a scheme of arrangement for Ninja One to acquire all issued shares at AUD 5.90 per share.

• Shareholders considered a scheme of arrangement between Dropsuite Limited and its ordinary shareholders, as detailed in the scheme booklet.

• The scheme booklet and independent expert's report were made available, with the expert deeming the scheme fair and reasonable.