Pendal : Constitution

For personal use only

Pendal Group Limited

Level 14, The Chifley Tower

2 Chifley Square

Sydney NSW 2000

Australia

ABN 28 126 385 822

10 December 2021

Company Announcements Office

ASX Limited

20 Bridge Street

SYDNEY NSW 2000

Pendal Group Limited Constitution

The Constitution for Pendal Group Limited as approved at the Annual General Meeting held on 10 December 2021 is attached.

Yours sincerely

Authorising Officer

Joanne Hawkins

Group Company Secretary

Pendal Group Limited

Tel: [phone]

pendalgroup.com

For personal use only

CONSTITUTION OF PENDAL GROUP LIMITED

ACN 126 385 822

A PUBLIC COMPANY LIMITED BY SHARES

As adopted at the 2021 Annual General Meeting on 10 December 2021

{00021869.doc}

- SYO1: 2001586528.5

CONTENTS

For personal use only

Rule			Page
1.	Preliminary	............................................................................................................................................	1
	1.1	Replaceable rules do not apply ..........................................................................................	1
	1.2	Definitions .........................................................................................................................	1
	1.3	References to expressions used in Corporations Act or Listing Rules ..............................	2
	1.4	Other rules of interpretation...............................................................................................	2
	1.5	Schedules ...........................................................................................................................	3
	1.6	Relationship with previous constitutions ...........................................................................	3
	1.7	Transitional Provisions ......................................................................................................	3
	1.8	Application of Listing Rules ..............................................................................................	4
	1.9	Compliance with Operating Rules .....................................................................................	4
	1.10	Enforceability.....................................................................................................................	4
	1.11	Jurisdiction.........................................................................................................................	5
2.	Powers and Responsibilities of the Board .............................................................................................	5
	2.1	Management of the business of the company ....................................................................	5
	2.2	Delegation by the board .....................................................................................................	5
	2.3	Committees ........................................................................................................................	5
3.	Proceedings of the Board.......................................................................................................................	5
	3.1	Board meetings ..................................................................................................................	5
	3.2	Convening board meetings ................................................................................................	6
	3.3	Notice of board meetings ...................................................................................................	6
	3.4	Failure to give notice .........................................................................................................	6
	3.5	Conduct of board meetings ................................................................................................	6
	3.6	Quorum for board meeting.................................................................................................	7
	3.7	Chair and deputy chair of the board...................................................................................	7
	3.8	Chair of board meeting ......................................................................................................	7
	3.9	How board resolutions are decided....................................................................................	7
	3.10	Voting rights of alternate directors ....................................................................................	7
	3.11	Written resolutions.............................................................................................................	7
	3.12	Assenting to a written resolution .......................................................................................	8
	3.13	Validity of acts done by directors despite formal defect....................................................	8
4.	Appointment, Retirement and Removal of Directors............................................................................	9
	4.1	Number of directors ...........................................................................................................	9
	4.2	Board may act despite vacancy..........................................................................................	9
	4.3	Appointment of directors by the board ..............................................................................	9
	4.4	Election of directors at general meeting ............................................................................	9
	4.5	Eligibility for election at general meeting..........................................................................	9
	4.6	Restriction on term.............................................................................................................	9
	4.7	Retirement of directors at annual general meeting ............................................................	9
	4.8	One managing director exempt ........................................................................................	10
	4.9	Time at which retirement, election or re-election takes effect.........................................	10
	4.10	Other circumstances in which director ceases to hold office...........................................	10
	4.11	Alternate directors............................................................................................................	11
	4.12	No share qualification ......................................................................................................	11
5.	Payments to directors ..........................................................................................................................	11
	5.1	Directors' fees ..................................................................................................................	11
	5.2	Manner of payment of fees ..............................................................................................	12
	5.3	Additional or special services ..........................................................................................	12
	5.4	Expenses ..........................................................................................................................	12

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	5.5	Superannuation and similar benefits ................................................................................	12
	5.6	Remuneration and expenses of alternate directors...........................................................	12
6.	Interests of Directors ...........................................................................................................................	13
	6.1	Disclosure of interests......................................................................................................	13
	6.2	Permitted interests............................................................................................................	13
	6.3	Exercise of voting rights held by the company................................................................	14
	6.4	Director with material personal interest...........................................................................	14
	6.5	Participation despite interest ............................................................................................	14
7.	Executive Officers ...............................................................................................................................	14
	7.1	Appointment of managing directors and executive directors ..........................................	14
	7.2	Powers of managing directors and executive directors....................................................	14
	7.3	Remuneration of managing directors and executive directors.........................................	14
	7.4	Where managing director or executive directors cease to be a director...........................	15
	7.5	Where managing director or executive director ceases to be an employee .....................	15
	7.6	Secretaries ........................................................................................................................	15
	7.7	Validity of acts done by executive officers......................................................................	15
8.	Convening General Meetings ..............................................................................................................	15
	8.1	General meetings .............................................................................................................	15
	8.2	Annual general meetings..................................................................................................	16
	8.3	Convening a general meeting...........................................................................................	16
	8.4	Length, form and content of notice..................................................................................	16
	8.5	Persons to whom notice must be given............................................................................	16
	8.6	Irregularities in giving notice...........................................................................................	16
	8.7	Change of place, postponement or cancellation before date of meeting..........................	16
	8.8	Consent required for postponement or cancellation.........................................................	17
	8.9	Business at a general meeting ..........................................................................................	17
9.	Proceedings at General Meetings ........................................................................................................	17
	9.1	Admission to general meetings ........................................................................................	17
	9.2	Requirement for a quorum ...............................................................................................	18
	9.3	Number for a quorum.......................................................................................................	18
	9.4	If quorum not present.......................................................................................................	19
	9.5	Quorum for adjourned meeting........................................................................................	19
	9.6	Postponement before start of meeting..............................................................................	19
	9.7	Chair of general meeting..................................................................................................	20
	9.8	Acting chair of general meeting.......................................................................................	20
	9.9	Conduct of general meeting .............................................................................................	20
	9.10	Suspension of general meeting ........................................................................................	21
	9.11	Amendments to resolutions..............................................................................................	21
	9.12	Adjournment of general meeting .....................................................................................	21
	9.13	Business of adjourned meeting ........................................................................................	21
	9.14	Notice of adjourned meeting............................................................................................	21
	9.15	Directors entitled to attend and speak at general meeting................................................	21
10.	Voting at General Meetings.................................................................................................................	22
	10.1	How resolutions are decided ............................................................................................	22
	10.2	Method of voting..............................................................................................................	22
	10.3	Resolutions decided on a poll ..........................................................................................	22
	10.4	Demand for a poll ............................................................................................................	22
	10.5	When a poll may be demanded ........................................................................................	22
	10.6	How a poll must be taken.................................................................................................	23
	10.7	Direct voting ....................................................................................................................	23
	10.8	Rights to vote ...................................................................................................................	23
	10.9	Voting rights of holders of partly paid shares on a poll...................................................	24
	10.10	Voting by joint holders ....................................................................................................	24

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	10.11	Voting by member of unsound mind ...............................................................................	24
	10.12	Voting by infant member .................................................................................................	24
	10.13	Voting by persons entitled by transmission .....................................................................	24
	10.14	Restrictions on voting rights ............................................................................................	25
	10.15	Objection to voting qualification .....................................................................................	25
11.	Representation of Members at General Meetings ...............................................................................	25
	11.1	How members may attend and vote.................................................................................	25
	11.2	Corporate representatives.................................................................................................	25
	11.3	Form of proxy appointments............................................................................................	25
	11.4	Signature or authentication of proxy appointments .........................................................	26
	11.5	Name of proxy not completed..........................................................................................	26
	11.6	Time for receipt of proxy appointment ............................................................................	26
	11.7	Incomplete proxy appointment ........................................................................................	26
	11.8	Attorneys..........................................................................................................................	27
	11.9	Rights of corporate representatives, proxies and attorneys..............................................	27
	11.10	Validity of votes cast by proxy or attorney......................................................................	27
	11.11	No right to speak or vote if appointing member present..................................................	28
	11.12	Rights where 2 proxies or attorneys are appointed ..........................................................	28
	11.13	More than one corporate representative present ..............................................................	28
	11.14	More than two proxies or attorneys appointed.................................................................	28
	11.15	Identity of person acting as corporate representative, proxy or attorney .........................	28
12.	Share Capital .......................................................................................................................................	29
	12.1	Power of board to issue shares.........................................................................................	29
	12.2	Alteration of share capital................................................................................................	29
	12.3	Fractions of shares ...........................................................................................................	29
	12.4	Preference shares .............................................................................................................	29
	12.5	Rights attaching to preference shares...............................................................................	29
	12.6	Variation of class rights ...................................................................................................	29
	12.7	Effect of share issue on class rights .................................................................................	30
	12.8	Calls on shares, liens on shares, forfeiture and surrender of shares.................................	30
	12.9	Joint holders of shares......................................................................................................	30
	12.10	No recognition of third party interests .............................................................................	30
	12.11	Uncertificated shares........................................................................................................	31
	12.12	Certificates for shares ......................................................................................................	31
	12.13	Shares which are restricted securities ..............................................................................	31
	12.14	Company's rights to sell small holdings...........................................................................	32
13.	Transfer of Shares ...............................................................................................................................	32
	13.1	Participation in computerised or electronic systems........................................................	32
	13.2	Method of transfer............................................................................................................	32
	13.3	Written instrument of transfer..........................................................................................	32
	13.4	Company to register transfers ..........................................................................................	32
	13.5	Obligation to refuse to register transfers..........................................................................	33
	13.6	Power to refuse to register transfers.................................................................................	33
	13.7	Notice of refusal to register transfer ................................................................................	33
	13.8	Holding lock ....................................................................................................................	33
	13.9	Effect of registration ........................................................................................................	33
	13.10	Company to retain instrument of transfer ........................................................................	34
	13.11	Proportional takeover bids ...............................................................................................	34
14.	Transmission of Shares........................................................................................................................	34
	14.1	Effect of statutory provisions...........................................................................................	34
	14.2	Transmission of shares on death ......................................................................................	34
	14.3	Rights of personal representative.....................................................................................	34
	14.4	Election by persons entitled on transmission...................................................................	34

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