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MarketScreener Homepage  >  Equities  >  Australian Stock Exchange  >  HRL Holdings Limited    HRL   AU000000HRL9

HRL HOLDINGS LIMITED

(HRL)
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HRL : Notice of AGM and Proxy Form

09/23/2020 | 05:00am EST

Notice of Annual General Meeting and

Explanatory Memorandum

HRL Holdings Ltd ACN 120 896 371

Date of Meeting:

Thursday, 22 October 2020

Time of Meeting:

11:00am (Brisbane time)

Place of Meeting:

Level 7, Waterfront Place, 1 Eagle Street, Brisbane Qld 4000

If Shareholders wish to attend the Meeting in person they will need to contact the Company Secretary Mr Paul Marshall (email: paul.marshall@hrlholdings.com) in order for the Company to ensure it is able to maintain compliance with COVID related restrictions applicable as at the Meeting date.

As a precaution in relation to COVID-19, each Resolution will be decided by poll, based on proxy votes and by votes from Shareholders in attendance at the Meeting. Shareholders are strongly encouraged to vote online (www.linkmarketsecurities.com.au) or by lodging the proxy form attached to this Notice in accordance with the instructions set out on that form by no later than 11.00am on 20 October 2020.

Notice of Annual General Meeting

Notice is given that the Annual General Meeting of Shareholders of HRL Holdings Ltd ACN 120 896 371 (Company) will be held at Level 7, Waterfront Place, 1 Eagle Street, Brisbane Qld 4000, on Thursday, 22 October 2020 at 11:00am (Brisbane time).

Terms used in this Notice of Meeting are defined in section 8 (Interpretation) of the accompanying Explanatory Memorandum.

Agenda

Ordinary business

Financial Reports

To receive and consider the Company's Annual Report comprising the Directors' Report and Auditors' Report, Directors' Declaration, Consolidated Statement of Comprehensive Income, Consolidated Statement of Financial Position, Consolidated Statement of Changes in Equity, Consolidated Statement of Cash Flows and notes to and forming part of the financial statements for the Company for the financial year ended 30 June 2020.

1. Resolution 1: Remuneration Report

To consider and, if thought fit, pass the following Resolution, with or without amendment, as an Advisory Resolution of the Company:

"That the Remuneration Report for the year ended 30 June 2020 (as set out in the Directors Report) is adopted."

The vote on this Resolution 1 is advisory only and does not bind the Directors or the Company.

Voting restriction pursuant to section 250R(4) of the Corporations Act

A vote on this Resolution 1 must not be cast (in any capacity) by or on behalf of either of the following persons:

  • a member of the Key Management Personnel (KMP) details of whose remuneration are included in the Remuneration Report; and
  • a Closely Related Party of such a member.

However, the above persons may cast a vote on Resolution 1 if:

  • the person does so as a proxy;
  • the vote is not cast on behalf of a member of the KMP details of whose remuneration are included in the Remuneration Report or a Closely Related Party of such a member; and
  • either:
    • the voter is appointed as a proxy by writing that specifies the way the proxy is to vote on the Resolution; or

1

Notice of Annual General Meeting

  • the voter is the chair of the meeting and the appointment of the chair as proxy:
    o does not specify the way the proxy is to vote on the Resolution; and
  1. expressly authorises the chair to exercise the proxy even if the Resolution is connected directly or indirectly with the remuneration of a member of the KMP for the Company or, if the Company is part of a consolidated entity, for the entity.

Voting intention of the Chair

Shareholders should be aware that any undirected proxies given to the Chair will be cast by the Chair and counted in favour of the Resolutions the subject of this Meeting, including Resolution 1, subject to compliance with the Corporations Act. In exceptional circumstances, the Chair may change his/her voting intention on any Resolution, in which case an ASX announcement will be made. Further details, in relation to the ability of the Chair to vote on undirected proxies are set out in the accompanying proxy form.

  1. Resolution 2: Re-election of Mr Stephen Howse as a Director
    To consider and, if thought fit, pass the following Resolution, with or without amendment, as an Ordinary Resolution of the Company:
    "That Mr Stephen Howse, who retires by rotation in accordance with Rule 38.1 of the Company's Constitution, and being eligible, offers himself for re-election, be re-elected as a Director of the Company."
  2. Resolution 3: Re-election of Mr Richard Stephens as a Director
    To consider and, if thought fit, pass the following Resolution, with or without amendment, as an Ordinary Resolution of the Company:
    "That Mr Richard Stephens, who was recently appointed to the Board following the last annual general meeting of the Company and who retires in accordance with Rule 36.2 of the Company's Constitution, and being eligible, be re-elected as a Director of the Company."
  3. Resolution 4: Approval for issue of performance rights to Mr Stephen Howse
    To consider and, if thought fit, pass the following Resolution, with or without amendment, as an Ordinary Resolution of the Company:
    "That for the purposes of Chapter 2E, section 208(1) of the Corporations Act and ASX Listing Rule 10.14 and for all other purposes, approval be given for the Company to issue and allot 199,890 Performance Rights to Mr Stephen Howse, for nil consideration and to allot and issue Shares upon the vesting and subsequent exercise of those Performance Rights (on a one for one basis) in accordance with the terms and conditions set out in the Explanatory Memorandum accompanying this Notice of Meeting."

A copy of this Notice of Meeting and the accompanying Explanatory Memorandum has been lodged with ASIC in accordance with sections 218 and 260B(5) of the Corporations Act.

2

Notice of Annual General Meeting

Voting exclusion statement - Listing Rule 10.14

The Company will disregard any votes cast in favour of this Resolution by or on behalf of:

  • Mr Stephen Howse; or
  • an associate of Mr Stephen Howse.

However, this does not apply to a vote cast in favour of a resolution by:

  • a person as proxy or attorney for a person who is entitled to vote on the resolution, in accordance with directions given to the proxy or attorney to vote on the resolution in that way; or
  • the Chair of the meeting as proxy or attorney for a person who is entitled to vote on the resolution, in accordance with a direction given to the Chair to vote on the resolution as the Chair decides; or
  • a holder acting solely in a nominee, trustee, custodial or other fiduciary capacity on behalf of a beneficiary provided the following conditions are met:
  1. the beneficiary provides written confirmation to the holder that the beneficiary is not excluded from voting, and is not an associate of a person excluded from voting, on the resolution; and
  1. the holder votes on the resolution in accordance with directions given by the beneficiary to the holder to vote in that way.

Voting Exclusion Statement - Chapter 2E of the Corporations Act

For the purposes of Chapter 2E of the Corporations Act, a vote on Resolution 4 must not be cast (in any capacity) by or on behalf of:

  • Mr Stephen Howse and any other related party of the Company to whom the Resolution would permit a financial benefit to be given; and
  • an associate of those related parties.

However, this does not prevent the casting of a vote on Resolution 4 if:

  • it is cast by a person appointed as a proxy in writing that specifies how the proxy is to vote on the proposed resolution; and
  • it is not cast on behalf of a related party or associate of a kind referred to above.

Voting Exclusion Statement - Section 260B(1) of the Corporations Act

For the purposes of section 260B(1) of the Corporations Act, a vote in favour of Resolution 4 must not be cast by or on behalf of Mr Stephen Howse or any associate of him.

Voting Restriction Statement pursuant to section 250BD of the Corporations Act

A vote in on Resolution 4 must not be cast by and the Company will disregard any votes cast on this Resolution by:

3

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

HRL Holdings Ltd. published this content on 23 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 September 2020 08:59:04 UTC


© Publicnow 2020
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