Our AGM was held on Tuesday 21 November 2023
Results
We are pleased to confirm the following outcomes in respect of the resolutions proposed at the meeting:
| Resolution | Result |
|
3. Election of Director Jackson That Rodney Maxwell Jackson, being a Director appointed pursuant to Articles 9.9 and 9.10 of the Constitution of NGM Group, is elected as a Director of NGM Group. |
Carried |
|
4. Directors’ Remuneration That the maximum aggregate amount payable to the Directors annually by way of Directors’ fees is updated from $1,329,806 to $1,520,000 per annum, effective from 1 July 2023. Note: The update is to account for the increase in the number of Directors from 7 to 8, as advised to members as part of the merger vote in 2022. |
Carried |
Members seeking further details may request a copy of the minutes of the 2023 AGM by emailing the Company Secretary.
Notice is given that the Annual General Meeting (AGM) of Newcastle Greater Mutual Group Ltd ACN 087 651 992 (NGM Group) will be held:
- Date: Tuesday 21 November 2023
- Time: 12:00 pm
- Venue: Online at meetnow.global/KPJHDK, and in person at Fort Scratchley Function Centre, 1/3 Nobbys Road, Newcastle East, NSW 2300
The purpose of the AGM is to consider:
The minutes of the 2022 AGM and general meeting of NGM Group held on 2 November 2022;
The Financial Report, the Directors’ Report and the Independent Auditor’s Report of NGM Group for the financial year ended 30 June 2023 (Reports);
The election of Mr Rod Jackson as a Director of NGM Group; and
Directors’ remuneration.
Reports
The Reports have been dispatched directly to members that have elected to receive them, and have also been made available here.
Please note that you may elect to be provided with the Reports, or update or withdraw an election, at any time by contacting your local brand’s branch or Contact Centre.
Meeting
As a customer-owned organisation, NGM Group recognises the importance of member participation and engagement at the AGM. The 2023 AGM will be held as a hybrid meeting to facilitate engagement across the geographic distribution of NGM Group’s members. Members will be able to attend and participate at the meeting in person or virtually. Members attending the meeting virtually will be able to watch the AGM live online, ask questions either orally or in writing, and cast votes (if eligible to vote).
Key information on how to attend and, if eligible, vote at the meeting physically or virtually is contained in the Notice of Meeting. An Online Meeting Guide has been prepared to provide further support with the virtual meeting platform.
Contact
For further information, or if you have any questions about the items of business, please telephone your brand’s Contact Centre:
- For Greater Bank customers, on 13 13 86 between 8am and 6pm Monday to Friday or between 8am and 1pm on Saturday; or
- For Newcastle Permanent customers, on 13 19 87 between 8am and 6pm Monday to Friday or between 9am and 2pm on Saturday.
If it becomes necessary or appropriate to make alternative arrangements for the holding or conducting of the meeting, NGM Group will make further information available here.
Items of business
The Board encourages members to read the Explanatory Notes and Voting Information that accompany and form part of the Notice of Meeting as part of their consideration of the Items of Business.
To receive the minutes of the 2022 AGM and general meeting of NGM Group (formerly known as Newcastle Permanent Building Society Limited), both held on 2 November 2022.
To receive and consider the Financial Report, the Directors’ Report and the Independent Auditor’s Report of NGM Group for the financial year ended 30 June 2023.
To consider, and if thought appropriate, pass the following as an Ordinary Resolution:
That Rodney Maxwell Jackson, being a Director appointed pursuant to Articles 9.9 and 9.10 of the Constitution of NGM Group, is elected as a Director of NGM Group.
Voting Recommendation: The Board, with Mr Jackson abstaining, unanimously recommends to members that members vote in favour of the resolution electing Rodney Maxwell Jackson as a Director of NGM Group.
To consider, and if thought appropriate, pass the following as an Ordinary Resolution:
That the maximum aggregate amount payable to the Directors annually by way of Directors’ fees is updated from $1,329,806 to $1,520,000 per annum, effective from 1 July 2023.
Voting Recommendation: The Board unanimously recommends to members that members vote in favour of the resolution to update the Aggregate Limit for fees payable to the Directors of NGM Group annually from $1,329,086 to $1,520,000 per annum, effective from 1 July 2023.
Note: The update is to account for the increase in the number of Directors from 7 to 8, as advised to members as part of the merger vote in 2022.
By Order of the Board
Magali Robinson
Company Secretary