Me Today (MEE) AGM 2024 summary

Opening remarks and agenda

• Meeting opened with confirmation of quorum and introduction of board members and key advisors.

• Over 65% of shares represented by proxies, with directors intending to vote discretionary proxies in favor of the resolution.

• Chairman and CEO addresses included in the agenda, along with resolutions, voting, questions, and other business.

• Agenda included business update, Q&A, and voting on auditor remuneration.

Financial performance review

• Group completed a capital raise and restructured debt, separating King Honey from Me Today brand.

• Group sales for six months ended December 2023 were NZD 2.8 million; expected to exceed NZD 4 million for the period to December 2024, a 42% increase.

• EBITDA trading losses expected to be less than NZD 2.2 million for the year to December 2024, with further reductions anticipated in FY25.

• Cost-cutting measures continue, with ongoing review of business expenses.

Board and executive committee updates

• Board and management committed to growing both King Honey sales and the Me Today brand.

• Board comprises experienced members with backgrounds in health, wellness, finance, and marketing.

• Several directors are not considered independent due to substantial shareholdings.

• Board members have experience in both public and private sectors, with notable industry achievements.

• Further updates on growth strategy and capital structure to be provided in the new year.