Ann: Shareholder update June 2024 Annual Report, page-7

I asked Mr google if a company can operate without an AGM in a year. I am not sure if the answer below is general or if applicable to AU law.

No, a public company cannot legally go for more than a year without holding an AGM(Annual General Meeting) as per the Corporations Act, which requires them to hold an AGM at least once every calendar year within a specific timeframe after their financial year ends, usually within five months.

Key points about AGMs for public companies:

• Legal requirement:

  Holding an AGM annually is a mandatory legal requirement for public companies.

  
  
• Timeframe:

  The AGM must be held within five months of the end of the company's financial year.

  
  
• Consequences of not holding an AGM:

  Failure to comply with the AGM requirements can lead to legal repercussions for the company and its directors.