E&P Financial Group (EP1) EGM 2024 summary

Opening remarks and agenda

• Meeting commenced at 9:00 A.M. with a quorum present, accessible in person and online, with introductions of directors and key officers.

• Chairman and CEO addressed the meeting, outlining the rationale for proposed changes and strategic direction.

• Voting and question procedures for both in-person and virtual participants were explained in detail.

Specific resolutions to be voted on

• Resolution to approve removal from the official list of the ASX and an off-market equal access buy-back for shareholders.

• Ordinary resolution for a buyback of up to 48,076,923 shares at AUD 0.52 per share, funded by $12.5 million placement and $12.5 million debt facility.

• Approval for the issue of convertible notes and options to directors Sally McCutcheon, Anthony Johnson, and Ben Keeble.

• Voting was conducted online, allowing shareholders to vote for, against, or abstain on each resolution.

Board and executive committee updates

• Board composition includes David Evans (Chairman), Ben Keeble (Managing Director & CEO), Josephine Linden, Sally McCutchan, and Tony Johnson.

• Committee roles and responsibilities were clarified, with independent directors chairing key committees.