Pact Group (PGH) EGM 2024 summary

Opening remarks and agenda

• Meeting opened by the Chair, confirming quorum and introducing directors and senior management.

• Notice of meeting was sent to shareholders and ASX, and proceedings are being recorded.

• Three items of business to be considered, each resolution to be voted on separately.

Specific resolutions to be voted on

• Re-election of Raphael Geminder as director, with board (excluding Geminder) recommending in favor.

• Re-election of Michael Wachtel as director, with board (excluding Wachtel) recommending in favor.

• Re-election of Carmen Chua as director, with board (excluding Chua) recommending in favor; her re-election was also passed at the prior AGM.

Corporate governance

• Meeting held due to consecutive strikes against the remuneration report and a passed spill resolution at the 2024 AGM.

• All directors except the Managing Director and CEO to cease office before the end of the meeting, but eligible for re-election.

• Board evaluation process involves written surveys and feedback, with results circulated and reviewed.

• Board culture described as open to criticism and challenge, with robust processes for managing conflicts of interest.