Ann: Notice of General Meeting/Proxy Form - 249D notice, page-3

To clarify, there is no evidence indicating that any member of the Argyle family founded HotCopper. My research shows that HotCopper was actually founded by Ron Gully (https://en.wikipedia.org/wiki/HotCopper), who later sold the company to Tony Cunningham (https://thenightly.com.au/business/...d-cps-capital-founder-dies-aged-55-c-14416421), leading to its public listing. Therefore, any claim about the Argyle family’s founding role is unfounded.
In my opinion, a director's shareholding status is irrelevant as long as they bring value and act in the best interests of ALL shareholders, not just a particular group. It’s worth noting that UIL Limited, the second-largest shareholder, has not sought to nominate an associate to the Board, suggesting that effective governance doesn’t necessarily require direct shareholder representation.
Now, let’s address some key facts about Gavin Argyle and his family:
1. The Australian Financial Services (AFS) license of Capital Investment Partners (CIP), a company owned by Gavin Argyle, was canceled by ASIC. Typically, ASIC cancels an AFS license due to legal breaches or misconduct, aiming to protect consumers and uphold the integrity of the financial services sector.
2. Despite nominating himself, Gavin has not yet circulated a statement (as indicated on page 8 of the meeting notice) outlining the value or credentials he would bring to the company.
3. The Takeovers Panel has presented evidence suggesting a long-standing association between the Argyle family, predating August 9, 2022. The panel highlighted a "multi-decade business relationship between the Argyles that continues to this day." UIL further submitted that "the alleged association remained undisclosed since TMH’s ASX listing in September 2016," and acquisitions by these associates from 2017 to 2018 may have violated section 606. If true, this implies that the Argyle family may have unlawfully accumulated shares to reach their current 43% stake.
4. Since the ousting of former CEO Jag Sanger through coordinated actions by the Argyle family, the share price has plunged from 50 cents to 16.5 cents, resulting in significant shareholder value destruction. This raises the question: is the company being intentionally run down to acquire valuable assets at a discount? While I can't say for certain, the pattern is concerning.
5. Ultimately, do we want to entrust the management of our company to someone whose integrity is questionable?
These points merit serious consideration before deciding on Mr. Argyle’s nomination.