The meeting should have been adjourned as per ASX guidelines (see the bottom of this post)
So, we can all moan on HC or we can do something about it. If you don't do something about it then it will continue.
Step 1
[email protected]
[email protected]
And let them know that
1) they failed their duties as directors under Treasury Laws Amendment (2021 Measures No. 1) Act 2021 section 253Q Virtual Meetings
2) you were not allowed to attend the meeting nor listen to it's content
3) you were not allowed to contribute to the meeting.
4) the meeting should have been adjourned
5) if you feel your rights as a minority shareholder have been surpressed, then tell them.
Step 2
Lodge a complaint with ASX https://www2.asx.com.au/about/contact-asx/customer-feedback/report-misconduct
The meeting should have been adjourned as setout in recommendations by asx
https://asic.gov.au/about-asic/news-centre/news-items/asic-guidelines-for-investor-meetings-using-virtual-technology/
- if technical issues result in a number of members being unable to reasonably participate, the meeting should be adjourned until the problem is fixed. An extension to a statutory timeframe may be required to facilitate this. In the case of AGMs of entities with financial years ending up to 7 April 2021, a company or responsible entity may rely on ASIC’s ‘no-action’ position to extend the time within which they can hold the AGM by up to two months.
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