WAM Alternative Assets (WMA) AGM 2024 summary

Opening remarks and agenda

• The meeting was opened by the Chair, acknowledging traditional owners and introducing board members and the moderator.

• Notice of meeting was circulated, and the Chair's address was announced to the ASX.

• The meeting was held in a hybrid format, allowing both in-person and online participation.

Financial performance review

• The investment portfolio increased by 3.5% in the four months to 31 October.

• As of 31 October 2024, AUD 0.162 per share was available in the profit reserve after the FY 2024 fully franked final dividend.

• The profit reserve covers 3.1 years of dividends.

Board and executive committee updates

• Michael Cottier highlighted his experience and tenure as director and Chair since 2017 and 2018, respectively.

• Kym Evans, independent non-executive director, emphasized her role in the management transition and as Audit and Risk Committee chair.

• Both directors expressed commitment to ongoing company success and shareholder value.