Good morning, ladies and gentlemen. My name is Thomas Duthy, and I'm the Chairman of Arovella Therapeutics. On behalf of the Arovella Board of Directors, I'm pleased to welcome you to the Extraordinary General Meeting of Arovella today. It is now 11:00 A.M., and there being a quorum present, I declare the meeting open for business. I confirm the meeting has been properly constituted. I would like to introduce my fellow directors and Company Secretary with me today, Dr. Michael Baker, CEO and Managing Director; Dr. Deborah Barton, Non-Executive Director; Mr. Gary Phillips, Non-Executive Director; and our Company Secretary, Mr. Tim Luscombe. We have an apology from Dr. Elizabeth Stoner, Non-Executive Director. The meeting today is being held virtually via Automic Group's Online Meeting Platform. The meeting enables shareholders and proxy holders to participate in this live webcast of the meeting, as well as ask questions and submit votes.
When we reach the formal business of the meeting, voting on all resolutions will be conducted by poll. Shareholders wishing to vote on the resolutions being put to the meeting can do so through the Automic Investor Portal. If you are not already logged into the Investor Portal, instructions on how to do so can be found in the notice of meeting. A summary of these instructions can now be seen on the screen. If you have any problem registering your shareholding with Automic, please call the support number shown on the screen. To allow shareholders time to log in, I will now declare the poll open. Online voting is now open and will remain open until I declare it closed at the end of the formal business. Your votes must be submitted prior to the poll being closed for them to count.
Questions can be submitted at any time. To ask a question, press on the Q&A icon. This will open a new screen. At the bottom of that screen, there is a section for you to type your question. Please start your question by typing your shareholder SRN or HIN. This will allow the moderator to identify you as a shareholder. If you'd like to speak, type your SRN or HIN and then type "I'd like to speak." Once you have finished typing, please hit Enter on your keyboard to send. Please note that while you can submit questions from now on, I will not address them until the relevant time in the meeting. Kindly include the agenda item number to which your question relates. Please also note that your questions may be moderated, or if we receive multiple questions on one topic, they will be amalgamated together.
Due to time constraints, we may run out of time to answer all your questions. If this happens, we will answer them in due course. All questions should be addressed to me as the Chairman. I will either deal with the question personally or will ask someone who is better placed to respond to the question. We will now move to the formal business of today's meeting. The notice of Extraordinary General Meeting was mailed to all registered members on 10 April 2025 and is to be taken as read. Voting on all resolutions will be conducted by poll, as mentioned. For purposes of the poll, I appoint Adrienne Atkinson of Automic Group, the company share registry, who have examined and prepared the summaries of the proxy forms received to act as returning officer and to conduct the poll.
Shareholders that have already submitted a vote by proxy should note that your votes will already be counted towards the poll. You do not need to lodge another vote unless you wish to change your proxy instruction. Shareholders that have not submitted a vote by proxy and wish to vote on the resolutions being put to the meeting today can do so by registering your shareholding with Automic. Instructions on how to register your holding were provided in the notice of meeting. As indicated on the proxy form and in the notice of meeting, the intention of the Chair is to vote all undirected proxies in favor of each resolution. We will now proceed to the resolutions as set out in the notice of extraordinary meeting. Resolution One seeks ratification of the issue of placement shares relating to the placement in March 2025.
The proxy results are available on the screen and will be determined by poll. Are there any questions pertaining to Resolution One?
I've not received any questions, Tom.
Thank you, Tim. As there are no other questions, I will move that shareholders consider and, if thought fit, pass the resolution to ratify the issue of shares pursuant to the placement as set out on the screen. Resolution Two. Resolution Two seeks ratification of placement options relating to the placement in March 2025. The proxy results are available on the screen and will be determined by poll. Are there any questions regarding Resolution Two?
No questions relating to Resolution Two, Tom.
As there are no questions, I move that shareholders consider and, if thought fit, pass the resolution to ratify the issue of options pursuant to the placement as set out on the screen. Ladies and gentlemen, that concludes the formal items of business that have been presented. We will now conduct a poll on all resolutions. If you are intending to vote on the formal business of the meeting, you should submit your votes now. If you have any questions in relation to the submission of voting, please send them through the Q&A function now. I can see a couple of questions have popped up. Tim, I can address those directly if you like.
Yes, feel free.
First question is, is a copy of today's webcast going to be made available on the company's website for the benefit of thousands of shareholders who are not able to watch live? The answer is, Michael, I believe, yes. We place all our webcast presentations on our investor section of our website. Michael, can you confirm that is correct?
Yes, we can do that, Tom.
Thank you. The second question is, why wasn't this meeting run as a hybrid, and will the next shareholder meeting be a hybrid? Thank you for the question. Today's meeting, as noted, is a fully virtual meeting. The reason why it's not being run as a hybrid or fully in-person meeting is logistics of doing so with multiple directors based in the United States and alternate states from our domicile. The second part of the question, as it relates to, will the next meeting be a hybrid meeting? Our planned next meeting, notwithstanding any matters outside of that, will be our annual general meeting in November. For our annual general meeting, we always run them as either an in-person or hybrid. I hope that answers the questioner's question. Tim, is there any other questions for today's AGM?
No questions have been received for that. Thanks.
Thank you very much. There being no further questions, I now declare the poll closed. The results of the voting will be released later today on ASX. I would like to thank all shareholders and guests for attending today. We look forward to updating you throughout the remainder of the year on the company's progress towards meeting our business objectives. I now declare the meeting closed. Thank you.