MLG Oz (MLG) AGM 2025 summary

Opening remarks and agenda

• Meeting opened with confirmation of quorum, introductions of board members, executives, and auditor, and was led by Acting CEO Mark Hatfield in November 2025.

• Meeting held online, allowing shareholders to participate, ask questions, and vote virtually.

• Voting conducted by poll on all resolutions, with results to be announced post-meeting and to the ASX.

Board and executive committee updates

• Founder Murray Leahy confirmed he has only bought additional shares since listing, holds over 50%, and has no plans to sell or pledge shares.

• Simon Price confirmed as an independent non-executive director with no prior history with the founder.

Shareholder proposals

• Shareholders questioned the need for an extra 10% placement facility, expressing concerns about dilution and preference for pro-rata issues.

• Board explained the placement facility is for commercial flexibility, with no immediate plans for capital raising.