Annual General Meeting

Thank you to all our members that joined us for our 65^th Annual General Meeting on the 27^th of November both in person and via broadcast. Thank you also to everyone who voted on the resolutions and to all members that contributed to the vote. As a customer-owned bank, we greatly appreciate the involvement of our members. The voting results are shared below. We value your participation and on going support.

• Resolution 4 - Board proposal to limit the number of directors to five received 90.1% of votes in favour and was carried.
• Resolution 5.1- Re-election of Sally-Ann Jean Williams received 83.08% of votes in favour and was carried.‍
• Resolution 5.2 - Election of Barry Stewart Jackson received 86.74% of votes in favour and was carried.‍
• Special Resolution 6.1 –Paid Members – Return of Capital & Share Capital Reduction (i.e., the refund of $10 to Paid Members) received 81.84% of votes in favour.  However, after votes cast in favour by Paid Members were disregarded in accordance with section 256C(2) of the Corporations Act 2001 (Cth) this was reduced to 56.65%. In order for this Special Resolution to be carried, at least 75% of votes cast must be favour of the resolution after disregarding votes cast in favour by Paid Members. Accordingly, this resolution was not carried.
• Special Resolution 6.2 – Unpaid Members – Share Capital Reduction (i.e., the release of the obligation for Unpaid Members to pay $10) received 80.28% of votes in favour.  However, after votes cast in favour by Unpaid Members were disregarded in accordance with section 256C(2) of the Corporations Act 2001 (Cth) this was reduced to 74.21%. In order for this Special Resolution to be carried at least 75% of votes cast must be favour of the resolution after disregarding votes cast in favour by Unpaid Members.  Accordingly, this resolution was not carried.

If members have any further questions regarding the resolutions they can contact us on complaints@qudosbank.com.au.