Upcoming EGM – Proxies

Phoslock Environmental Technologies (ASX: PET) (the Company) reiterates the proxy voting process detailed in the Notice of Extraordinary Meeting lodged with ASX on 15 December 2023 and the voting intentions of undirected proxies received by the Chairman of the Company, David Krasnostein.

Proxies

A proxy may decide whether to vote on any motion except where required by law or the Company’s constitution to abstain in their capacity as proxy. If a proxy is directed to vote on an agenda item, he or she may vote only in accordance with the direction. If a proxy is not directed how to vote on an agenda item, he or she may vote as
the proxy thinks fit.

If shareholders intend to appoint the Chairman as its proxy, shareholders are encouraged to direct them how to vote by marking a box for those Resolutions (for example, if shareholders wish to vote for, or against, or abstain from voting).

If shareholders appoint the Chairman as its proxy without directing the Chairman how to vote, the Proxy Form authorises the Chairman to vote as they decide on such Resolutions.

Chairman’s intentions – Undirected Proxies

The Chairman of the Board intends to vote all undirected proxies IN FAVOUR of Resolutions 1 and 2 and AGAINST Resolutions 3 to 10.

Shareholders are encouraged to read the Notice of Extraordinary Meeting, particularly section 4.3 of the Explanatory Memorandum where the Board details its rational for unanimously recommending that Shareholders vote IN FAVOUR of Resolutions 1 and 2 and AGAINST Resolutions 3 to 10 (inclusive).

This announcement has been approved by the Managing Director and Chairman.

For the full announcement, download PDF.