PGG Wrightson (PGW) AGM 2024 summary

Opening remarks and agenda

• Chair welcomed attendees, confirmed quorum, and outlined hybrid meeting logistics and safety procedures.

• Meeting opened on 15 October 2024 as a hybrid event, with formal apologies and recognition of key personnel who passed away during the year.

• Board and executive team members were introduced, with apologies noted for absentees.

• Minutes of the previous AGM were confirmed as a true and correct record.

• Agenda included Chair's address, CEO review, shareholder questions, director elections, auditor reappointment, and general business.

Board and executive committee updates

• Garry Moore became Chair in February 2024, succeeding U Kean Seng.

• Rachel Shearer was appointed General Manager of Wool, and Sarah Mears became General Manager of People and Safety in August 2024.

• Acknowledgement of the passing of long-serving staff members Grant Edwards and Victor Schicker.

• Board composition confirmed as balanced and independent following withdrawal of a requisition notice for board changes.

• Executive team highlighted ongoing focus on people, safety, and leadership development.

Corporate governance

• Addressed corporate governance issues from early 2024, including a requisition by Agria for board changes, which was later withdrawn.

• Emphasized the importance of board stability and unity amid sector challenges.

• Current board composition deemed to have the right balance of skills and independence.

• Auditor Ernst & Young reappointed.