MAAS Group (MGH) EGM 2025 summary

Opening remarks and agenda

• Meeting opened by the Chairman, confirming quorum and virtual format, with notice of meeting distributed to all entitled parties.

• Acknowledgement of traditional land, introduction of directors and secretary, and instructions for online participation and voting.

• Voting conducted by poll, with proxy results displayed and resolutions read out as the meeting progressed.

Specific resolutions to be voted on

• Ratification of 24,118,280 shares issued under institutional placement at AUD 4.65 per share.

• Ratification of 537,635 shares issued under founder and management placement at AUD 4.65 per share.

• Approval for issue of 5,376,344 shares to Wes Maas or associated entities under conditional founder and management placement.

• Approval for issue of 21,505 shares each to Michael Medway and Tanya Gayle, and 6,452 shares to David Kear, all at AUD 4.65 per share.

• Approval for issue of 25,807 shares to Stephen Bizzell or associated entities at AUD 4.65 per share.

Q&A with stakeholders

• Questions addressed regarding the non-pro rata structure of the capital raise, with explanation that the structure allowed broader participation and practical pro rata access for smaller shareholders.

• Inquiry about why the raising was not a renounceable offer, with management reiterating rationale for the chosen structure.

• Question on whether Wes Maas pledged shares to fund investment, answered in the negative.