Original article by Lilly Vitorovich
The Australian – Page: 15 : 19-Dec-19
Seven West Media’s proposed acquisition of regional affiliate Prime Media Group has been cleared by the Australian Competition & Consumer Commission. The ACCC would require Seven to divest the Spirit and RedFM radio networks in regional Western Australia to comply with broadcasting laws. However, Prime has indicated that the proxy votes which have been cast to date suggest that the deal will not proceed. Prime shareholders will vote on the deal on 19 December. Prime has confirmed that chairman John Hartigan will retire following the shareholders’ meeting.
SEVEN WEST MEDIA LIMITED – ASX SWM, PRIME MEDIA GROUP LIMITED – ASX PRT, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, WIN CORPORATION PTY LTD, SPIRIT RADIO, REDFM
Original article by
Haoma Mining NL Announcements – Page: Online : 19-Dec-19
Yesterday at Haoma Mining’s AGM, Chairman Gary Morgan presented information on Haoma’s activities, including recent Test Work at Bamboo Creek. Included in the information was the report that over the last 7 days a Vat Leach Trial at Bamboo Creek processed a sample of 1.425 tonnes of course (+180 microns to -3mm) Kitchener Low Grade Ore using the Elazac Leach Process. The ‘calculated’ gold grade (based on the Elazac Assay Method) was 37.39 g/t gold. Shareholders were reminded that the Bamboo Creek Vat contains 28,000 tonnes of crushed course Kitchener Low Grade ore and leaching should be operating early next year.
HAOMA MINING NL
Original article by Caroline Overington
The Australian – Page: 13 & 18 : 18-Dec-19
Prime Media Group’s chairman John Hartigan expects shareholders to reject Seven West Media’s takeover offer for its regional affiliate on 18 December. He says the deal is likely to be blocked by major shareholders Bruce Gordon and Anthony Catalano, noting that they have a different agenda to other Prime investors. Hartigan supports the merger with Seven, arguing that cross-media ownership rules governing regional broadcasters are outdated and do not reflect the rise of streaming services. Hartigan has downplayed speculation that he will step down after the vote.
PRIME MEDIA GROUP LIMITED – ASX PRT, SEVEN WEST MEDIA LIMITED – ASX SWM
Original article by Glenda Korporaal
The Australian – Page: 17 & 20 : 9-Dec-19
Some 64 per cent of votes cast at Westpac’s 2018 annual meeting rejected its remuneration report. The bank is likely to incur a second ‘strike’ at its 2019 annual meeting on 12 December, while the re-election of director Peter Marriott is uncertain in the wake of the scandal over breaches of anti-money laundering laws. However, Westpac is likely to avoid a resolution calling for a board spill. The Australian Shareholders’ Association and proxy adviser ISS will vote against the remuneration report, although the ASA will oppose any push to spill the board.
WESTPAC BANKING CORPORATION – ASX WBC, AUSTRALIAN SHAREHOLDERS’ ASSOCIATION, INSTITUTIONAL SHAREHOLDER SERVICES INCORPORATED, OWNERSHIP MATTERS PTY LTD, CGI GLASS LEWIS PTY LTD, AUSTRALIAN COUNCIL OF SUPERANNUATION INVESTORS INCORPORATED, AUSTRALIA. ATTORNEY-GENERAL’S DEPT. AUSTRALIAN TRANSACTION REPORTS AND ANALYSIS CENTRE
Original article by Aleks Vickovich
The Australian Financial Review – Page: 17 : 5-Dec-19
Westpac’s money-laundering scandal is set to dominate its AGM on 12 December. The Australian Shareholders’ Association has signalled its intention to vote against the remuneration report and the re-election of Westpac director Peter Marriott. However, it will support the re-election of Nerida Caesar, Steve Harker and Margaret Seale. The Australian Council of Superannuation Investors has indicated that it will vote in favour of Marriott’s re-election. Some 64.2 per cent of votes cast at Westpac’s 2018 AGM rejected its remuneration report.
WESTPAC BANKING CORPORATION – ASX WBC, AUSTRALIAN SHAREHOLDERS’ ASSOCIATION, AUSTRALIAN COUNCIL OF SUPERANNUATION INVESTORS INCORPORATED, LEGG MASON ASSET MANAGEMENT AUSTRALIA LIMITED, MARTIN CURRIE INVESTMENT MANAGEMENT LIMITED
Original article by Andrew White
The Australian – Page: 21 : 29-Nov-19
The Australian Council of Superannuation Investors will back the re-election of four Westpac directors at the bank’s upcoming annual meeting. ACSI chair Louise Davidson says it would have voted differently if Westpac CEO Brian Hartzer had remained at the helm and chairman Lindsay Maxsted had not agreed to bring forward his retirement. Davidson adds that Maxsted’s successor will need to ensure that Westpac’s board has the right mix of skills to prevent another money-laundering scandal.
WESTPAC BANKING CORPORATION – ASX WBC, AUSTRALIAN COUNCIL OF SUPERANNUATION INVESTORS INCORPORATED, AUSTRALIA. ATTORNEY-GENERAL’S DEPT. AUSTRALIAN TRANSACTION REPORTS AND ANALYSIS CENTRE, FEDERAL COURT OF AUSTRALIA
Original article by Peter Ker, Angela Macdonald-Smith
The Australian Financial Review – Page: 19 : 8-Nov-19
BHP held its annual meeting of shareholders in Sydney on 7 November, at which over 27 per cent voted in favour of a resolution that called for the mining firm to quit groups that do not support the Paris climate agreement. The strong vote was despite CEO Andrew Mackenzie saying that industry associations were better able to achieve solutions to global issues than companies acting on their own, while chairman Ken MacKenzie claimed environmentalists should welcome its plan to spend $US400 million on climate change mitigation
BHP GROUP LIMITED – ASX BHP
Original article by Perry Williams
The Australian – Page: 17 & 20 : 30-Oct-19
Fortescue Metals Group chairman Andrew Forrest has criticised iron ore rivals such as BHP and Rio Tinto for their stance on issues such as Scope 3 emissions and gender parity. He has described their announcements on such issues as "sugar hits" that have no real substance. Fortescue CEO Elizabeth Gaines has told the pure-play miner’s AGM that its own Scope 1 and Scope 2 emissions are a priority, rather than the emissions of its customers. Meanwhile, 24.72 per cent of votes cast at the AGM rejected Fortescue’s remuneration report.
FORTESCUE METALS GROUP LIMITED – ASX FMG, BHP GROUP LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO
Original article by Perry Williams
The Australian – Page: 21 : 20-Sep-19
AGL Energy chairman Graeme Hunt has noted the Paris climate accord is one between countries, and not that one that binds companies. He was commenting on a resolution put by activist group Market Forces to its AGM on 19 September that called on AGL to close its coal-fired power stations by 2030, in line with the Paris Agreement to restrict global warming to 1.5C above pre-industrial levels; 30 per cent of AGL shareholders voted in favour of the resolution. AGL stated that the transition away from coal-fired generation needs to be done in an orderly fashion
AGL ENERGY LIMITED – ASX AGL, MARKET FORCES
Original article by Peter Ker
The Australian Financial Review – Page: 17 & 24 : 10-May-19
Rio Tinto Jean-Sebastien Jacques says the resources giant will only increase its Pilbara iron ore shipments if doing so makes financial sense. The price of the steel input has rallied in the wake of supply disruptions following a tailings dam collapse at a Vale mine in January, and it was trading above $US94 per tonne on 9 May. Meanwhile, just six per cent of shareholders at Rio Tinto’s Australian annual meeting supported a Market Forces resolution which would have required Rio Tinto to set carbon emission reduction targets for its customers.
RIO TINTO LIMITED – ASX RIO, VALE SA, MARKET FORCES, FRIENDS OF THE EARTH, GRANGE RESOURCES LIMITED – ASX GRR, BHP GROUP LIMITED – ASX BHP, FORTESCUE METALS GROUP LIMITED – ASX FMG, ROY HILL HOLDINGS PTY LTD