Notice of Meeting FINAL 26.10 - Australian Securities … · The Explanatory Memorandum and the...
Transcript of Notice of Meeting FINAL 26.10 - Australian Securities … · The Explanatory Memorandum and the...
IMMEDICALLIMITEDACN009436908
NOTICEOFANNUALGENERALMEETINGTheAnnualGeneralMeetingoftheCompanywillbeheldatPatersonsSecuritiesLimited,Level15,333CollinsStreet,Melbourne,Victoriaon30November2016at11:00am(AEDT)
ThisNoticeofAnnualGeneralMeetingshouldbereadinitsentirety.IfShareholdersareindoubtastohowtheyshouldvote,theyshouldseekadvicefromtheiraccountant,solicitororotherprofessionaladviserpriortovoting.Shouldyouwishtodiscussanymatterpleasedonothesitatetocontact theCompanybytelephoneon(03)96078280
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IMMEDICALLIMITEDACN009436908
NOTICEOFANNUALGENERALMEETINGNotice is hereby given that the annual general meeting of Shareholders of IM Medical Limited(Company)willbeheldatPatersonsSecuritiesLimited,Level15,333CollinsStreet,Melbourne,Victoriaon30November2016at11:00am(AEDT)(Meeting).The Explanatory Memorandum to this Notice provides additional information on matters to beconsideredattheMeeting.TheExplanatoryMemorandumandtheProxyFormformpartofthisNotice.The Directors have determined pursuant to regulation 7.11.37 of the Corporations Regulations 2001(Cth)thatthepersonseligibletovoteattheMeetingarethosewhoareregisteredasShareholderson28November2016at7pm(AEDT).TermsandabbreviationsusedinthisNoticeandExplanatoryMemorandumaredefinedinSection8.
AGENDA
AnnualReport
To table and consider theAnnual Report of the Company and its controlled entities for theyearended30June2016,which includestheFinancialReport, theDirectors'ReportandtheAuditor'sReport.
1. Resolution1–AdoptionofRemunerationReport
Toconsiderand, ifthoughtfit,topass,withorwithoutamendment,thefollowingresolutionasanon-bindingordinaryresolution:
“That, forthepurposesofsection250R(2)oftheCorporationsActandforallotherpurposes,theRemunerationReportbeadoptedbytheShareholdersonthetermsandconditions intheExplanatoryMemorandum.”
VotingExclusion
Inaccordancewithsection250RoftheCorporationsAct,avoteonthisResolutionmustnotbecast(inanycapacity)by,oronbehalfof:
(a) a member of the Key Management Personnel whose remuneration details areincludedintheRemunerationReport;or
(b) aCloselyRelatedPartyofsuchmember.
However,apersondescribedabovemaycastavoteonthisResolutionifthevoteisnotcastonbehalfofapersondescribedinsubparagraphs(a)or(b)aboveandeither:
(a) thepersondoessoasaproxyappointedinwritingthatspecifieshowtheproxyistovoteonthisResolution;or
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(b) thepersonistheChairandtheappointmentoftheChairasproxy:
(i) doesnotspecifythewaytheproxyistovoteonthisResolution;and
(ii) expresslyauthorisestheChairtoexercisetheproxyevenifthisResolutionis connected directly or indirectly with the remuneration of the KeyManagementPersonnel.
2. Resolution2–Re-electionofMrPaulBurton
Toconsiderand, ifthoughtfit,topass,withorwithoutamendment,thefollowingresolutionasanordinaryresolution:
“ThatMr Paul Burton,who retires in accordancewith clause 13.2 of the Constitution, beingeligible and offering himself for re-election, be re-elected as a director of the Companywithimmediateeffect.”
3. Resolution 3 – Ratification of issue of Converting Loan FeeShares
Toconsiderand,ifthoughtfit,topasswithorwithoutamendment,thefollowingresolutionasanordinaryresolution:
"That,forthepurposesofListingRule7.4andforallotherpurposes,Shareholdersapproveandratifytheprior issuebytheCompanyof165,000,000Shares(ConvertingLoanFeeShares)tothe Lenders (or their nominees) on the terms and conditions set out in the ExplanatoryMemorandum."
VotingExclusion
TheCompanywilldisregardanyvotescastonthisResolutionbytheLendersandtheirnomineesandapersonwhomightobtainabenefit(exceptabenefitsolelyintheircapacityasholderofordinarysecurities)iftheResolutionispassedandanyoftheirassociates.
However,theCompanywillnotdisregardavoteif:
(a) itiscastbythepersonasproxyforapersonwhoisentitledtovote,inaccordancewithdirectionsontheProxyForm;or
(b) itiscastbytheChairmanasproxyforapersonwhoisentitledtovote,inaccordancewithadirectionontheProxyFormtovoteastheproxydecides.
4. Resolution4–ApprovalofissueofConvertingLoanConversionShares
Toconsider,andifthoughtfit,topasswithorwithoutamendment,thefollowingresolutionasanordinaryresolution:
“That,forthepurposesofListingRule7.1andforallotherpurposes,Shareholdersapproveandauthorisetheissueofupto495,000,000Shares(ConvertingLoanConversionShares)totheLenders(ortheirnominees)onthetermsandconditionssetoutintheExplantoryMemorandum.
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VotingExclusion
TheCompanywilldisregardanyvotescastonthisResolutionbytheLendersandtheirnomineesandapersonwhomightobtainabenefit(exceptabenefitsolelyintheircapacityasholderofordinarysecurities)iftheResolutionispassedandanyoftheirassociates.
However,theCompanywillnotdisregardavoteif:
(a) itiscastbythepersonasproxyforapersonwhoisentitledtovote,inaccordancewithdirectionsontheProxyForm;or
(b) itiscastbytheChairmanasproxyforapersonwhoisentitledtovote,inaccordancewithadirectionontheProxyFormtovoteastheproxydecides.
Dated26October2016BYORDEROFTHEBOARDRichardWadleyCompanySecretary
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IMMEDICALLIMITEDACN009436908
EXPLANATORYMEMORANDUM
1. Introduction
This Explanatory Memorandum has been prepared for the information of Shareholders inconnection with the business to be conducted at the Meeting to be held at PatersonsSecuritiesLimited,Level15,333CollinsStreet,Melbourne,Victoriaon30November2016at11:00am(AEDT).
This ExplanatoryMemorandum should be read in conjunction with, and forms part of, theaccompanying Notice. The purpose of this Explanatory Memorandum is to provideinformationtoShareholdersindecidingwhetherornottopasstheResolutionssetoutintheNotice.
AProxyFormislocatedattheendoftheExplanatoryMemorandum.
2. ActiontobetakenbyShareholders
Shareholders should read the Notice and this Explanatory Memorandum carefully beforedecidinghowtovoteontheResolutions.
2.1 Proxies
A Proxy Form is attached to theNotice. This is to be used by Shareholders if theywish toappoint a representative (a 'proxy') to vote in their place. All Shareholders are invited andencouragedtoattendtheMeetingor, iftheyareunabletoattendinperson,signandreturntheProxyFormtotheCompanyinaccordancewiththeinstructionsthereon.LodgementofaProxy Form will not preclude a Shareholder from attending and voting at the Meeting inperson.
Pleasenotethat:
(a) amemberoftheCompanyentitledtoattendandvoteattheMeetingisentitledtoappointaproxy;
(b) aproxyneednotbeamemberoftheCompany;and
(c) a member of the Company entitled to cast two or more votes may appoint twoproxiesandmayspecifytheproportionornumberofvoteseachproxyisappointedto exercise, butwhere the proportion or number is not specified, each proxymayexercisehalfofthevotes.
The enclosed Proxy Form provides further details on appointing proxies and lodging ProxyForms.
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2.2 VotingProhibitionbyProxyHolders
Inaccordancewithsection250RoftheCorporationsAct,avoteonResolution1mustnotbecast(inanycapacity)by,oronbehalfof:
(a) a member of the Key Management Personnel whose remuneration details areincludedintheRemunerationReport;or
(b) aCloselyRelatedPartyofsuchmember.
However,apersondescribedabovemaycastavoteonResolution1ifthevoteisnotcastonbehalfofapersondescribedinsubparagraphs(a)or(b)aboveandeither:
(a) thepersondoessoasaproxyappointedinwritingthatspecifieshowtheproxyistovoteonResolution1;or
(b) the person is the Chair voting an undirected proxywhich expressly authorises theChair to exercise the proxy even if Resolution 1 is connected directly or indirectlywiththeremunerationofamemberoftheKeyManagementPersonnel.
Inaccordancewithsection250BDoftheCorporationsAct,apersonappointedasaproxymustnotvoteonthebasisofthatappointmentonResolution1if:
(a) thepersoniseither:
(i) amemberoftheKeyManagementPersonneloftheCompany;or
(ii) aCloselyRelatedPartyofsuchamember,and
(b) theappointmentdoesnotspecifythewaytheproxyistovoteonResolution1.
However,theprohibitiondoesnotapplyif:
(a) theproxyistheChair;and
(b) the appointment expressly authorises the Chair to exercise the proxy even ifResolution1areconnecteddirectlyor indirectlywithremunerationofamemberoftheKeyManagementPersonneloftheCompany.
3. AnnualReport
Shareholders will be offered the opportunity to discuss the Annual Report at theMeeting.Copies of the report canbe foundon theCompany’swebsitewww.immedical.com.auor bycontactingtheCompanyon(03)96078280.
ThereisnorequirementforShareholderstoapprovetheAnnualReport.
Shareholderswillbeofferedthefollowingopportunities:
(a) discusstheAnnualReportforthefinancialyearended30June2016;
(b) askquestionsormakecommentonthemanagementoftheCompany;
(c) askquestionsabout,ormakecommenton,theRemunerationReport;
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(d) asktheauditorquestionsabout:
(i) theconductoftheaudit;
(ii) thepreparationandcontentoftheAuditor'sReport;
(iii) accountingpoliciesadoptedbytheCompanyinrelationtothepreparationofthefinancialstatements;and
(iv) theindependenceoftheauditorinrelationtotheconductoftheaudit.
In addition to taking questions at the Meeting, written questions to the Chair about themanagementoftheCompany,ortotheCompany'sauditorabout:
(a) thecontentoftheAuditor'sReport;or
(b) theconductoftheauditoftheFinancialReport,
maybesubmittednolaterthan5businessdaysbeforetheMeetingtotheCompanySecretaryattheCompany'sregisteredoffice.
4. Resolution1–AdoptionofRemunerationReport
Section 250R(2) of the Corporations Act provides that the Company is required to put theRemuneration Report to the vote of Shareholders. The Directors' Report contains aRemunerationReportwhichsetsouttheremunerationpolicyfortheCompanyandreportstheremunerationarrangementsinplacefortheexecutiveandnon-executivedirectors.
Section250R(3)of theCorporationsActprovides thatResolution1 isadvisoryonlyanddoesnotbindtheDirectorsoftheCompany.Ofitself,afailureofShareholderstopassResolution1willnotrequiretheDirectorstoalteranyofthearrangementsintheRemunerationReport.
However, the Corporations Act has been amended by the Corporations Amendment(Improving Accountability on Director and Executive Remuneration) Act (Director andExecutiveRemunerationAct)whichreceivedtheRoyalAssenton27June2011andcameintoeffecton1July2011.
TheDirectorandExecutiveRemunerationActintroducednewsections250Uand250Y,amongothers,intotheCorporationsAct,givingShareholderstheopportunitytoremovetheBoardifthe Remuneration Report receives a 'no' vote of 25% or more at two consecutive annualgeneralmeetings(TwoStrikesRule).
Under theTwoStrikesRule,wherea resolutionon theRemunerationReport receivesa 'no'vote of 25% or more at two consecutive annual general meetings, the Company will berequired to put to Shareholders at the second annual general meeting, a resolution onwhetheranothermeetingshouldbeheld(within90days)atwhichallDirectors(otherthantheManaging Director) who were in office at the date of approval of the applicable Directors'Reportmuststandforre-election.
At the Company’s 2015 Annual GeneralMeeting the remuneration reportwas approved byover75%ofShareholderspresentandvoting.
Insummary,iftheRemunerationReportreceivesa'no'voteof25%ormoreatthisMeeting,Shareholders shouldbeaware that if there isa 'no'voteof25%ormoreat thenextannual
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generalmeeting the consequencesare that allDirectors (other than theManagingDirector)maybeupforre-election.
The Chairwill allow a reasonable opportunity for Shareholders as awhole to ask about, ormakecommentsontheRemunerationReport.
TheChair intendstoexerciseallundirectedproxies in favourofResolution1. If theChairoftheMeetingisappointedasyourproxyandyouhavenotspecifiedthewaytheChairistovoteonResolution1,bysigningandreturningtheProxyForm,youareconsideredtohaveprovidedtheChairwithanexpressauthorisationfortheChairtovotetheproxyinaccordancewiththeChair'sintention.
5. Resolution2–Re-electionofMrPaulBurton
Resolution2seeksapprovalforthere-electionofMrPaulBurton.
Clause 13.2 of the Company's Constitution provides that, at every Annual GeneralMeeting,onethirdoftheDirectorsforthetimebeing(roundeduptothenearestwholenumberbutnotexceedingone thirdof theDirectors)must retire fromofficeandareeligible for re-election.Accordingly,MrBurtonretiresandbeingeligibleforre-election,offershimselfforre-electionattheMeeting.
MrBurtonwasappointedasaDirectoroftheCompanyon23March2011inaccordancewithclause13.4oftheConstitution.
MrBurtonhasextensivebusinessexperience, specialising inmergers,acquisitionsaswell ascorporate strategy, advice and governance. He has held senior executive positions withNAB/MLCand Ipac (nowownedbyAxa)aswell asa self-employedConsultantworkingwithcompanies such as Tauro Capital, Challenger, Q Invest, Strategic Capital Management andSeaview Consulting. Mr Burtonwas themanaging director of Techdrill Services Pty Ltd, anexplorationdrillingcompanywhichgrewitsrevenueandprofitby700%underhis leadershipandwas a foundingpartner anddirectorof LachlanGroupPty Ltd (nowknownasWestoriaCapital),aboutiqueresourceinvestmentcompany.
After beginning his career as a financial adviser, Mr Burton was appointed acquisitionsmanagerbyIpacandsuccessfullycompletedthefoundationtransactionsthatwereaggregatedintothesignificantoperationthatithasbecometoday.SubsequentlyMrBurtonactedastheprincipal of his own consulting business and worked on a number of successful advisoryprojectshighlightedbyhisinvolvementintheChallengeracquisitionandintegrationteamthatsuccessfullynegotiatedandintegratedtheacquisitionofAssociatedPlannersfor$100million.
MrBurtonholdsaMasterofBusinessAdministration(MBA),BachelorofEconomics(Honours)andaDiplomaofFinancialPlanning(DFP).
TheBoardunanimouslysupportsthere-electionofMrBurton.
6. Resolution 3 – Ratification of issue of Converting Loan FeeShares
6.1 General
AsannouncedtotheASXon4August2016,toprovidetheCompanywithinterimfundingforgeneraloperatingexpenses(includingtofunddocumentationcostsforapotentialacquisition
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whichdidnotproceed)andworkingcapital,theCompanyhasenteredintoconvertingloandeedswiththeLenders(ConvertingLoanDeeds)toraise$330,000(beforecosts).
InordertoattracttheLenderstoenterintotheConvertingLoanDeeds,andinlieuofinterest,theCompanyagreedthattheLenderswouldreceiveafeeofatotalof165,000,000Shares(ConvertingLoanFeeShares)forenteringintotheConvertingLoanDeeds.Accordingly,on4August2016theCompanyissuedtheConvertingLoanFeeSharestotheLenders.
ThekeytermsoftheConvertingLoanDeedsareasfollows:
(a) EachLenderloanedanamounttotheCompany(Loan).
(b) NointerestispayableontheLoan.
(c) SubjecttotheCompanyraisingaminimumof$8millioninnewequityfunding,theCompanymustrepaytheLoanwithin5BusinessDaysoffundsfromthecapitalraisingbeingavailabletotheCompany.
(d) SubjecttoShareholderapproval,ifnotrepaidby31December2016,theLoanwillbeconvertedintoSharesataconversionpriceof0.06666667centsperShare.IfShareholderapprovalisnotobtainedby31January2017,theLoanwillimmediatelybecomedueandpayable.(ApprovalforthisconversionisbeingsoughtunderResolution4–seeSection7forfurtherdetails.)
(e) TheLoanisunsecured.
(f) TheamountoftheLoanwillimmediatelybecomedueandpayableifcertaineventsofdefaultoccur,includingun-remediedbreachesoftheConvertingLoanDeedorthewindingup,insolvencyorbankruptcyoftheCompany.
(g) TheLenderacknowledgesthatsomeoralloftheSharestobeissuedtoitpursuanttotheConvertingLoanDeedmaybesubjecttoASXescrowasdeterminedappropriatebytheASX.EachLenderagreesthat,ifrequiredbyASX,itwillexecuteanescrowagreementintheformrequiredbytheASXinrespectofanySharesissuedtoitundertheConvertingLoanDeedandtheissueofSharesundertheConvertingLoanDeedwillbeconditionalontheLenderexecutingsuchescrowagreement.
TheConvertingLoanDeedsalsocontainwarranties,representations,undertakingsandpledgescustomarilyfoundinagreementsofthistype.
ListingRule7.1providesthatacompanymustnot(subjecttospecifiedexceptions),withouttheapprovalofshareholders,issueoragreetoissueduringany12monthperiodanyequitysecurities,orothersecuritieswithrightstoconversiontoequity(suchasanoption),ifthenumberofthosesecuritiesexceeds15%ofthenumberoffullypaidordinarysecuritiesonissueatthecommencementofthat12monthperiod.
TheConvertingLoanFeeShareswereissuedwithintheCompany's15%annuallimitpermittedunderListingRule7.1withouttheneedforShareholderapproval.
ListingRule7.4providesthatwhereacompanyingeneralmeetingratifiesapreviousissueofsecuritiesmadepursuanttoListingRule7.1,providingthatthepreviousissuedidnotbreachListingRule7.1,theissueofthosesecuritieswillbedeemedtohavebeenwithshareholderapprovalforthepurposeofListingRule7.1.
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Resolution3seeksShareholderapprovalpursuanttoListingRule7.4fortheratificationoftheissueoftheConvertingLoanFeeSharestotheLendersasafeepayableunderthetermsoftheConvertingLoanDeeds.
TheeffectofShareholderspassingResolution3willbetorestoretheCompany'sabilitytoissuesecuritieswithinthe15%placementcapacityunderListingRule7.1duringthenext12months.
Resolution3isanordinaryresolution.
6.2 SpecificinformationrequiredbyListingRule7.5
ThefollowinginformationisprovidedforthepurposesofListingRule7.5:
(a) 165,000,000ConvertingLoanFeeShareswereissuedbytheCompanyon4August2016.
(b) TheConvertingLoanFeeShareswereissuedfornilcashconsiderationasafeepayableunderthetermsoftheConvertingLoanDeeds.
(c) TheConvertingLoanFeeSharesarefullypaidordinarysharesinthecapitaloftheCompanyrankingequallyinallrespectswithallotherfullypaidordinarysharesoftheCompany.
(d) TheConvertingLoanFeeShareswillbeissuedtotheLenders,noneofwhomarerelatedpartiesoftheCompany.
(e) NofundswereraisedfromtheissueoftheConvertingLoanFeeSharesastheywereissuedasafeepayableunderthetermsoftheConvertingLoanDeeds.ThefundsraisedfromtheConvertingLoanDeedshavebeenandwillbeusedbytheCompanyasfundingforgeneraloperatingexpenses(includingthecostsofreviewingvariouspotentialtransactionsinvolvingtheCompany)andworkingcapitalpurposes.
(f) AvotingexclusionstatementisincludedintheNotice.
7. Resolution4–ApprovalofissueofConvertingLoanConversionShares
7.1 General
AsnotedinSection6.1,on4August2016,theCompanyannouncedthatithadraised$330,000(beforecosts)undertheConvertingLoanDeedstoprovidetheCompanywithinterimfundingforgeneraloperatingexpenses(includingtofunddocumentationcostsforapotentialacquisitionwhichdidnotproceed)andworkingcapital.
ThekeytermsoftheConvertingLoanDeedsaresummarisedinSection6.1.
AsnotedinSection6.1,subjecttoShareholderapproval,eachLoanthesubjectofaConvertingLoanDeedwill,ifnotrepaidby31December2016,beconvertedintoSharesataconversionpriceof0.06666667centsperShare.
IfShareholderapprovalisnotobtainedby31January2017,eachLoanwillimmediatelybecomedueandpayable.
TheotherkeytermsoftheConvertingLoanDeedsaresummarisedinSection6.1.
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Resolution4seeksShareholderapprovalunderListingRule7.1fortheCompanytoissueupto495,000,000Shares(beingtheConvertingLoanConversionShares)totheLendersonconversionoftheLoans.
AsummaryofListingRule7.1isprovidedinSection6.1.
Resolution4isanordinaryresolution.
7.2 SpecificinformationrequiredbyListingRule7.3
ForthepurposesofListingRule7.3,informationregardingtheissueoftheConvertingLoanConversionSharesisprovidedasfollows:
(c) TheLoansundertheConvertingLoanDeedswillconvertintoamaximumnumberof495,000,000Shares.
(d) The Company will issue the Converting Loan Conversion Shares no later than 3monthsafterthedateoftheMeeting(orsuchlongerperiodoftimeasASXmayinitsdiscretionallow)and it is intendedthat theConvertingLoanConversionShareswillbe issuedonthesamedate (beingshortlyafter theLoansmatureon31December2016).
(e) The Converting Loan Conversion Shares will be issued to the Lenders (or theirnominees), who are sophisticated and professional investors introduced byPatersons,andwhoarenotrelatedpartiesoftheCompany.
(f) TheConvertingLoanConversionShareswillcomprisefullypaidordinarysharesoftheCompanyrankingequallywithallotherSharesonissue.
(g) Nofundswillberaisedfromthe issueoftheConvertingLoanConversionSharesastheywillbeissuedinsatisfactionoftheLoansundertheundertheConvertingLoanDeeds.AsnotedinSection6.2(e),thefundsraisedfromtheConvertingLoanDeedshave been and will be used by the Company as funding for general operatingexpenses (including the costs of reviewing various potential transactions involvingtheCompany)andworkingcapitalpurposes.
(h) AvotingexclusionstatementisincludedintheNotice.
8. Definitions
$meansAustralianDollars.
AEDTmeansAustralianEasternDaylightTime,beingthetimeinMelbourne,Victoria.
Annual Reportmeans the Directors' Report, the Financial Report and Auditor's Report inrespecttothefinancialyearended30June2016.
ASXmeans ASX Limited (ACN 008 624 691) and,where the context permits, the AustralianSecuritiesExchangeoperatedbyASX.
Auditor'sReportmeanstheauditor'sreportontheFinancialreport.
BoardmeanstheboardofDirectors.
ChairmanmeansthechairmanofthisMeeting.
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ConstitutionmeanstheconstitutionoftheCompany.
ConvertingLoanDeedshasthemeaninginSection6.1.
ConvertingLoanConversionShareshasthemeaninginResolution4.
ConvertingLoanFeeShareshasthemeaninginResolution3.
CorporationsActmeanstheCorporationsAct2001(Cth).
DirectormeansadirectoroftheCompany.
Directors' Report means the annual directors report prepared under Chapter 2M of theCorporationsActfortheCompanyanditscontrolledentities.
ExplanatoryMemorandummeanstheexplanatorymemorandumattachedtotheNotice.
Financial Report means the annual financial report prepared under Chapter 2M of theCorporationsActfortheCompanyanditscontrolledentities.
LendersmeanssophisticatedandprofessionalinvestorsintroducedbyPatersons,whoarenotrelated parties of the Company, who have provided loan funding to the Company under aConvertingLoanDeed.
ListingRulesmeansthelistingrulesofASX.
LoanmeansaloanthesubjectofaConvertingLoanDeed.
MeetinghasthemeaningintheintroductoryparagraphoftheNotice.
Noticemeansthisnoticeofmeeting.
ProxyFormmeanstheproxyformattachedtotheNotice.
ResolutionmeansaresolutioncontainedinthisNotice.
Remuneration Report means the remuneration report of the Company contained in theDirectors'Report.
SchedulemeansascheduletothisNotice.
SectionmeansasectioncontainedinthisExplanatoryMemorandum.
SharemeansafullypaidordinaryshareinthecapitaloftheCompany.
ShareholdermeansashareholderoftheCompany.
InthisNotice,wordsimportingthesingularincludethepluralandviceversa. For
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This section must be signed in accordance with the instructions overleaf to enable your directions to be implemented.
Lodge your proxy vote securely at www.securitytransfer.com.au 1. Log into the Investor Centre using your holding details. 2. Click on "Proxy Voting" and provide your Online Proxy ID to access the voting area.
Please mark "X" in the box to indicate your voting directions to your Proxy. The Chairperson of the Meeting intends to vote undirected proxies in FAVOUR of all the resolutions. In exceptional circumstances, the Chairperson of the Meeting may change his/her voting intention on any resolution, in which case an ASX announcement will be made.
SHARE REGISTRY: Security Transfer Australia Pty Ltd All Correspondence to: PO BOX 52 Collins Street West VIC 8007 Suite 913, Exchange Tower 530 Little Collins Street MELBOURNE VIC 3000 AUSTRALIA T: +61 3 9628 2200 F: +61 8 9315 2233 E: [email protected] W: www.securitytransfer.com.au
REGISTERED OFFICE:
SECTION C: Signature of Security Holder(s)
I/We, the above named, being registered holders of the Company and entitled to attend and vote hereby appoint:
SECTION A: Appointment of Proxy
If no directions are given my proxy may vote as the proxy thinks fit or may abstain. * If you mark the Abstain box for a particular item, you are directing your Proxy not to vote on your behalf on a show of hands or on a poll and your votes will not be counted in computing the required majority on a poll.
Individual or Security Holder
Sole Director & Sole Company Secretary
Security Holder 2
Director
Security Holder 3
Director/Company Secretary
«EFT
_REF
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UMBE
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SECTION B: Voting Directions
OR
The meeting chairperson
IMI Code:
«HOLDER_NUMHolder Number:
VOTE ONLINE
«ONLINE PRX ID»
THIS DOCUMENT IS IMPORTANT. IF YOU ARE IN DOUBT AS TO HOW TO DEAL WITH IT, PLEASE CONTACT YOUR STOCK BROKER OR LICENSED PROFESSIONAL ADVISOR. PROXY FORM
«Holder_name» «Address_line_1» «Address_line_2» «Address_line_3» «Address_line_4» «Address_line_5»
«Company_code» «Sequence_number»
Proxies must be received by Security Transfer Australia Pty Ltd no later than 11:00am AEDT on Monday 28 November 2016.
or failing the person named, or if no person is named, the Chairperson of the meeting, as my/our Proxy to act generally at the meeting on my/our behalf and to vote in accordance with the following directions (or if no directions have been given, as the Proxy sees fit) at the Annual General Meeting of the Company to be held at 11:00am AEDT on Wednesday 30 November 2016 at Patersons Securities Limited, on Level 15, 333 Collins Street, Melbourne, Victoria and at any adjournment of that meeting.
IM MEDICAL LTD ACN: 009 436 908
LEVEL 40 140 WILLIAM STREET MELBOURNE VIC 3000
IMIPX1301116 1 1 IMI IMIPX1301116
RESOLUTION For Against Abstain*
1. Adoption of Remuneration Report
2. Re-election of Mr Paul Burton
3. Ratification of issue of Converting Loan Fee Shares
Approval of issue of Converting Loan Conversion Shares 4.
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My/Our contact details in case of enquiries are:
Name:
Number:
( )
1. NAME AND ADDRESS This is the name and address on the Share Register of the Company. If this
information is incorrect, please make corrections on this form. Shareholders
sponsored by a broker should advise their broker of any changes. Please note that
you cannot change ownership of your shares using this form.
2. APPOINTMENT OF A PROXY If the person you wish to appoint as your Proxy is someone other than the
Chairperson of the Meeting please write the name of that person in Section A.
If you leave this section blank, or your named Proxy does not attend the meeting,
the Chairperson of the Meeting will be your Proxy. A Proxy need not be a
shareholder of the Company.
3. DIRECTING YOUR PROXY HOW TO VOTE To direct the Proxy how to vote place an "X" in the appropriate box against each
item in Section B. Where more than one Proxy is to be appointed and the proxies
are to vote differently, then two separate forms must be used to indicate voting
intentions.
4. APPOINTMENT OF A SECOND PROXY You are entitled to appoint up to two (2) persons as proxies to attend the meeting
and vote on a poll. If you wish to appoint a second Proxy, an additional Proxy form
may be obtained by contacting the Company's share registry or you may photocopy
this form.
To appoint a second Proxy you must:
a) On each of the Proxy forms, state the percentage of your voting rights or
number of securities applicable to that form. If the appointments do not
specify the percentage or number of votes that each Proxy may exercise,
each Proxy may exercise half of your votes; and
b) Return both forms in the same envelope.
5. SIGNING INSTRUCTIONS Individual: where the holding is in one name, the Shareholder must sign.
Joint Holding: where the holding is in more than one name, all of the
Shareholders must sign.
Power of Attorney: to sign under Power of Attorney you must have already lodged
this document with the Company's share registry. If you have not previously lodged
this document for notation, please attach a certified photocopy of the Power of
Attorney to this form when you return it.
Companies: where the Company has a Sole Director who is also the Sole
Company Secretary, this form must be signed by that person. If the Company
(pursuant to section 204A of the Corporations Act 2001) does not have a Company
Secretary, a Sole Director may sign alone. Otherwise this form must be signed by a
Director jointly with either another Director or Company Secretary. Please indicate
the office held in the appropriate place.
If a representative of the corporation is to attend the meeting the appropriate
"Certificate of Appointment of Corporate Representative" should be lodged with the
Company before the meeting or at the registration desk on the day of the meeting.
A form of the certificate may be obtained from the Company's share registry.
6. LODGEMENT OF PROXY Proxy forms (and any Power of Attorney under which it is signed) must be received
by Security Transfer Australia Pty Ltd no later than the date and time stated on the
form overleaf. Any Proxy form received after that time will not be valid for the
scheduled meeting.
The proxy form does not need to be returned to the share registry if the votes have
been lodged online.
Security Transfer Australia Pty Ltd Online www.securitytransfer.com.au
Postal Address PO BOX 52
Collins Street West VIC 8007 Street Address Suite 913, Exchange Tower
530 Little Collins Street MELBOURNE VIC 3000 AUSTRALIA
Telephone +61 3 9628 2200
Facsimile +61 8 9315 2233
Email [email protected]
PRIVACY STATEMENT Personal information is collected on this form by Security Transfer Australia Pty Ltd as the registrar for securities issuers for the purpose of maintaining registers of security holders, facilitating distribution payments and other corporate actions and communications. Your personal details may be disclosed to related bodies corporate, to external service providers such as mail and print providers, or as otherwise required or permitted by law. If you would like details of your personal information held by Security Transfer Australia Pty Ltd or you would like to correct information that is inaccurate please contact them on the address on this form.
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