Envirosuite (EVS) Scheme Meeting 2025 summary

Opening remarks and agenda

• Chair welcomed shareholders, outlined the meeting's focus on the proposed scheme of arrangement for acquisition by Ideagen BidCo, and provided procedural details including technical support and voting eligibility.

• Agenda included board introductions, Chair's address, scheme overview, Q&A, and voting.

• Chair's address delivered by Non-Executive Chairman Colby Manwaring.

Board and executive committee updates

• Board and senior leadership team introduced, including Colby Manwaring (Chairman), Jason Cooper (CEO), Stuart Bland, Eric Winsborrow (Non-Executive Directors), CFO, and Company Secretary.

• Financial and legal advisors, as well as share registry representatives, were present to assist.

Strategic initiatives and plans

• Growth strategy execution highlighted, especially in industrial and aviation sectors and partnership with Hitachi Construction Machinery.

• Scheme of arrangement proposed for acquisition by Ideagen, with a cash offer of AUD 0.09 per share, representing a 109.3% premium to the last closing price.

• Entry into the scheme implementation deed with Ideagen followed a thorough review and engagement process.

• If approved, Ideagen will acquire 100% of shares, and shareholders will receive cash consideration.

• Timetable for implementation includes court approval, suspension from ASX, and payment dates.