Johns Lyng Group (JLG) Scheme Meeting 2025 summary

Opening remarks and agenda

• Meeting convened to consider and vote on a proposed scheme of arrangement for shareholders, chaired by the Non-Executive Chairman with directors and advisors present, confirming quorum and hybrid participation.

• The meeting was convened in accordance with Supreme Court orders and the company's constitution.

• Purpose outlined as considering and voting on a scheme of arrangement for acquisition by Sherwood BidCo Pty Ltd.

Financial performance review

• Despite market volatility and sector pressures, robust operating results, strong cash conversion, and disciplined growth were achieved, with continued expansion in Australia, New Zealand, and the US.

Board and executive committee updates

• The board expressed gratitude to staff and directors for their dedication and support, emphasizing confidence in long-term value creation and operational resilience.

• Board members and executive team were introduced, with apologies noted for the company secretary.