Good morning, ladies and gentlemen. My name is Rob Cole and I'm the Chair of Perenti. It's now just after 11 am Perth time and I welcome all shareholders to the company's 2021 Annual General Meeting. This year's meeting is being held online through a virtual meeting platform provided by our share registry Link Market Services Limited. If we experience any technical issues today, a short recess or an adjournment may be required depending on the number of shareholders being affected.
If this occurs, I'll advise you accordingly. As we have a quorum present, I now declare the Annual General Meeting open. First, I'd like to acknowledge the traditional custodians of the various lands from which we meet today, including the Whadjuk people here in Perth. We also acknowledge the Aboriginal and Torres Strait Islander people participating in this meeting. We pay our respects to Elders past, present and emerging and recognize and celebrate the diversity of Aboriginal peoples and their ongoing cultures and connections to the lands and waters in Australia.
I'm joined at the meeting by Mark Norwell, our Managing Director and CEO Andrea Hall, an Independent Non Executive Director and Chair of the Audit and Risk Committee Mark Hine, an Independent Non Executive Director and Chair of the People and Remuneration Committee Alex Atkins, an Independent Non Director and Tim Longstaff, an independent non executive director who recently joined the company and Tim is joining us online from Sydney today. I'm also joined by our group executive, Paul Muller, CEO Mining Pete Bryant, Chief Financial Officer Ben Davis, Chief People Officer Vivian Powell, CEO, Investments Josh Bovell, Chief Information Officer Raj Ratneza, Chief Legal and Risk Officer and Raj is joining us remotely. And Sarah Coleman, CEO of iDOBA is an apology today. Craig Heatley, a partner of PricewaterhouseCoopers, the company's auditor is also present. We ask that all shareholders familiarize themselves with the virtual meeting online guide via the link on your screen.
The virtual meeting online guide explains how to, a, register for a voting card and cast your votes online and b, ask questions online via the ask a question box or by calling the teleconference line to ask your question verbally. All shareholders will have the opportunity to comment on and ask questions in relation to the resolutions. I will hold comments and questions until the relevant item of business has been introduced and we'll then invite questions and comments from shareholders. As I mentioned, shareholders will be able to ask questions online in writing or by dialing in and asking a question verbally. I would invite shareholders to send through any questions online as soon as possible after registering to vote rather than waiting until each resolution is read.
The notice of meeting has been made available to all shareholders. If there's no objection, the notice of meeting will be taken as read. The procedure for today's meeting will be as follows. 1st, I'll give a short address. This will be followed by the Managing Director and CEO's address to shareholders.
We'll then move on to the formal items of business as set out in the notice of meeting. All items of business will be voted on via a poll. Instructions regarding the poll will be given prior to commencement of the poll. The results of the poll will be tallied and announced via the ASX platform as soon as the results are available. After the poll is closed, shareholders will have an opportunity to ask questions about or make comments on the management of the company via the online facility or through the teleconference line.
Turning now to my address to shareholders. First up, I'd like to thank all participating into Perenti's 2021 AGM, our first as a fully virtual event. Perenti is a proud West Australian business with 8,000 outstanding people operating across 12 countries in 4 continents, providing world class mining services to a great list of loyal long term clients from across the world. This is my first AGM as Chairman of Perenti and I'm humbled and pleased to be in this position, following in the footsteps of the late Ian Cochrane, who sadly passed away earlier this year. I'll make some more comments about Ian's contribution to Perenti at the conclusion of my address.
2021 will go down as a difficult, but ultimately successful year for Perenti. We continued to deliver meaningful progress against our 2025 strategy despite the presence of challenging and persistent headwinds including COVID-nineteen, a stronger Australian dollar compared to 2020 and a tight labor market. Despite these headwinds, which had a significant impact on the performance of the business, management did an excellent job responding to these challenges and we're pleased with the business outcomes delivered during the year, including a solid underlying financial result. Like all of us, in our professional and personal lives, at Perenti, we've had to navigate COVID-nineteen with the added complexity of running a global business with some unique operating and logistical challenges. This is perhaps the most pleasing aspect of our performance.
The company was united in delivering ongoing consistent operational excellence for all our clients. This is no small feat given our global footprint and that we rely on the mobility of our people to ensure we have the right leadership, expertise and skills in the right locations to deliver safe and reliable services for our clients and create value and certainty for all of our stakeholders. At the start of the pandemic, the company established a task force with a clear purpose to understand the risks, protect our people and our business and to develop and execute strategies to manage these risks. Our group executive led by Mark Norwell has worked tirelessly in collaboration with our clients, our people and a range of stakeholders around the world, including governments to manage these challenges and keep our business performing. Many of our people endured and continue to endure very significant disruption to their personal lives, including longer swings, multiple rounds of hotel quarantine and working in international environments where the COVID-nineteen experience is very different to the experience we've had here in Western Australia.
On behalf of the Board and shareholders, I'd like to formally acknowledge and thank our employees for their resolve and commitment in overcoming these challenges and helping Perenti deliver for its clients, shareholders and other stakeholders. I would also like to thank the families of our people for their support. They've endured the absence of loved ones for prolonged periods over the past 18 months. At the same time, while dealing with these challenges, we continued to keep our eye on the medium to long term by focusing on the delivery of key initiatives within each of the 5 pillars of our 2025 strategy. Mark will elaborate on some of these initiatives in his address.
However, there has been significant progress made across all pillars including the continued delivery of operational excellence to generate value and certainty for our clients despite the external headwinds our successful strategic growth, seeing our business winning profitable work in the Tier 1 minuteing jurisdictions of Botswana and North America. A focus on further strengthening our organizational health, including the continued transformation of AMS, the strategic transition out of loss making contracts and a reduction of our footprint in West Africa and our strength and commitment to ESG. The continued progress on our strategic technological growth, which includes the launch of Adobo, our technology driven services model and finally, the continued focus on capital management and liquidity to underpin our strong financial capacity. It was pleasing to see our strategy come to life with Baminko awarded its 2nd North American contract, a Newcrest Redcrest Mine in British Columbia, Canada and AMS awarded the contract for Sandfire Resources Mateo project in Botswana, the largest surface contract awarded in the history of our business. The Red Chris mine has significant potential and our involvement in the early stages of the underground project positions us well to play an ongoing part in its long term success.
Botswana's Kalahari Copper Belt is one of the world's most exciting emerging copper producing regions and Sandfire's project is also a long term proposition for us. We're already established in Botswana at Koi Macau's Zone 5 project where we've built an award winning mining training center to build capability and capacity in the local workforce. We're building a strong pipeline of opportunities in North America as our unique underground mining expertise developed and matured across Australia and Africa over more than 30 years generates a great deal of interest in a mining market looking for innovation to drive capital and operational efficiency. Our review of AMS was completed during the year. Mark will talk through that in more detail.
But from the Board's perspective, we're very pleased with the improved performance of AMS and with the award of substantial work on good commercial terms with Sandfire in Botswana. Turning to a tragic matter, we were deeply saddened by the loss of 2 valued Perenti people this year. In separate incidents, Troy Cameron and Daniel Quay Naughte tragically lost their lives. The safety of our people matters deeply to everyone at Perenti and our primary safety goal is no life changing events. Clearly, we did not meet our own standards this year.
The Board takes the oversight of our safety system standards and culture very seriously. The company has made some significant progress in many important safety areas over the last 12 months, but these tragic events remind us there is more to do and we need to continue to deliver against the plan we've put in place. To us, safety and sustainability are intrinsically linked. So taking a broader view and in elaborating on what I've just talked about as well as my comment on a strengthening of our commitment to ESG, the Board recognizes that ESG and sustainability are critical to the ongoing development and success of Perenti. As such, I'm pleased to announce that the Board has approved the formation of a sustainability committee as a subcommittee of the Board.
During the year, we continued to invest to ensure that we have the right capability, governance, systems and processes to sustainably manage a growing global multibillion dollar business. We made further enhancements to our governance, including the appointment of a Chief Legal and Risk Officer to our group executive. We also appointed Sydney based Executive Tim Longstaff to the Perenti Board. Tim is highly experienced in Investment Banking with many years in Managing Director and Senior Executive roles at Top Tier Global Firms. Tim will also take on the role of inaugural Chair of the Sustainability Committee.
An exciting development for us, although just outside the reporting date for the 2021 financial year was the launch of IDOVA, our technology driven mining business. Our move into this area has been deliberate, well researched and strategic. For a modest investment, we've acquired 3 excellent local businesses with global reach that have impressive track records of delivery to some of our industry's most prominent companies. The business is in its infancy, but we see it as an integral part of our future where the physical and digital realms are combined. We're acutely aware of the importance of meeting society's expectations in relation to the environment and the importance of creating a positive legacy for our host communities.
Last year, we included a range of sustainability commitments in our inaugural sustainability report and we've made solid progress implementing these as we continue to integrate sustainability considerations into our business. Importantly, we are enhancing transparency in relation to our sustainability commitments. This is an important foundation to our approach to sustainability, which drives us to do better and helps our stakeholders including the investment community, potential clients, future employees and host communities understand how Perenti can be a partner investment or employer of choice for them. We're pleased to announce a dividend of $0.02 per share at the end of the year, bringing the full year dividend of $0.055 unfranked, per share unfranked. The final dividend of €0.02 reflects the solid underlying performance of the business weighed up against our future capital requirements.
It represents a payout ratio of 43% or so for second half underlying NPAT A, which is in line with our 10 year average range of around 41%. When considering everything I've discussed, the board recognizes the significant impact that uncontrollable external headwinds have had on the performance of the business and the excellent job by management done by management to navigate these challenges and deliver solid underlying financial performance. We're pleased with what our executive team have delivered in the face of these headwinds and the significant progress made against our strategic objectives. We're now two and a half years into implementing our 2025 strategy and the team has successfully delivered
on a
range of the initiatives outlined in that strategy. Over the coming months, we will take the opportunity to further evaluate our progress and roadmap for the future with a focus on sustainable shareholder returns. Mark will discuss this further in his address. In December 2020, Terry Strap retired from the Board after 15 years' service as a non executive director. Terry made an outstanding contribution to the Board and showed great leadership including being Chair of the Audit and Risk Committee.
The Board wishes Terry well in his retirement and thanks him for his service over many years. And earlier this year, our Chairman, Ian Cochrane advised he was standing down to focus on his health. Sadly, Ian passed away in July after a battle with cancer. Ian had a long affiliation with Parente that began in the 1990s and led ultimately to his appointment as Chair in 2017. He was instrumental in much of Parente's development and success and in particular bringing Ausdrill and Baminko together.
Iain was a man of the highest integrity and he was a great friend and a mentor to many in business. On behalf of everyone at Perenti, we recognize him for his service to our company and express our thoughts and best wishes to his wife, Rosanna and family. In closing, I'd like to thank Mark Norwell and his executive team who've shown exemplary leadership during this year and that thanks extends right through Perenti's 8,000 people who work in Australia, Africa, North America and Europe. We're a diverse and strong organization that continues to deliver certainty and value to our clients, shareholders, people and communities. And finally, thank you to our shareholders, especially those of you who've taken the time to participate in today's meeting.
We appreciate your ongoing support for our company and we look forward to delivering on your expectations in the years ahead. Thank you and I'll now hand over to Mark.
Thank you, Rob. Good morning, ladies and gentlemen, and thank you for taking the time to join our 2021 Annual General Meeting. 2021 has been a year where Perenti delivered solid results despite significant headwinds. It has been a year where our people have demonstrated their resolve to ensure we can deliver for clients in the face of adversity. And it has been a year where we have continued the disciplined execution of our 2025 strategy, achieving several important milestones, some of which I'll outline today.
However, firstly, I'd like to touch on the 2 fatal incidents that have occurred this year. In July, an incident at our Hemlo project in Canada resulted in the death of employee, Troy Cameron. This followed the loss of our underground mining alliance colleague, Daniel Quay Naughte in May due to a fall of ground incident at the Obuasi Gold Mine in Ghana. These are both tragic events and in addition to supporting their families and everyone impacted, we continue to work with our clients to implement the applicable findings at each project and we're relevant more broadly across the business. We are constantly working towards improving our safety performance and achieving our objective of new life changing events.
Throughout the year, we continued the implementation of our new health, safety and environment management system and by leveraging our principle of being smarter together, this is helping to identify and standardize improved practices across the business. We also introduced a safety leadership program and critical risk management program, which in FY 'twenty one, saw us train more than 600 people in critical risk management and our leaders conduct well over 11,000 field verifications of critical controls across our operations. These two programs remain a key focus of our safety strategy and further elements will be introduced in FY 'twenty two. We recognize that we are not where we want to be from a safety perspective. However, we are working very hard to ensure a safe working environment for all our people and firmly believe we will achieve our objective of new life changing events.
Given the significant headwinds during FY 'twenty one and into FY 'twenty two, I'm very pleased with the performance of the business as we continue to develop and strengthen our business foundations, secure new work, deliver innovative approaches for our industry and provide reliable, high quality mining services to deliver certainty and value to our clients around the world. Throughout the year, we have made notable progress against our strategy. We combined the underground and surface mining businesses under Paul Mulla, our CEO of Mining. We took decisive action following our strategic review of African Mining Services to improve the performance of AMS. We executed positive steps to improve our environmental, social and governance performance and we made further investments in our systems and people to support the sustainable growth of our business.
This was achieved in challenging operating conditions with a global pandemic directly impacting many aspects of our operations. Most significantly, travel restrictions and quarantine requirements created challenges for us in mobilizing both our expatriate and domestic workforces. I cannot overstate how challenging it is to operate a global business during the pandemic and to deliver the results we did is a testament to the strength, capability and resilience of our people. This resolve has absolutely delivered value for our clients and ensured the health of our business, which will deliver longer term returns by maintaining a solid foundation that will be leveraged when we come out the other side of COVID-nineteen. Overall, our underlying financial performance was solid, as we delivered more than $2,000,000,000 of revenue, in line with our 2020 results, with excellent cash conversion and a reduction in our net debt.
Our revenue, earnings and profit were impacted by the higher than forecast Australia dollar. As an international business, we accept that there is a degree of variation in exchange rates that can impact our financial performance. Excluding the foreign exchange impact, our earnings and profit results were down, largely because of the exit of legacy contracts in Africa, the tight labor market in WA and COVID-nineteen impacts. The exit of the Bongu and Yanfilila contracts, which were performing poorly for our business and in Bongu's case, came with significant security risks, freed up $88,000,000 in cash from the sale of assets, which is being redeployed into better performing activities. Our underground business continued to be a standout performer despite the slower than expected ramp up of some projects.
Positive outcomes included further expansion into the North American market while securing our 2nd North American contract at Newcrest Redcrest mine in British Columbia, Canada and the opening of our Denver office in the U. S. We have seen a significant improvement in the performance of the Surface business in the second half of the year as the changes we implemented after our strategic review began to take effect. We are in a good position to move our AMS business forward and we are encouraged by securing Matteo and the Itu Aaprem contract, both of which are examples of the improved commercial acumen that we have embedded across the business. Our Investments ISG navigated difficult conditions during FY 'twenty two with a softer East Coast equipment rental market impacting revenue and earnings for our BTP business.
In response, we revitalized the leadership team and a new investment CEO, Vivian Power, and increased the focus on marketing and operational delivery for BTP and Mini Analytical to improve performance. As Rob mentioned, technology has also been a focus for Perenti. And during the year, we accelerated progress on our technology driven mining strategic initiative, establishing the building blocks for the July launch of IDOBA, our technology and innovation service business headed by Sarah Coleman. The digital transformation of the mining industry is well underway and iDOBA positions us uniquely within the industry, enabling us to respond to our clients' evolving needs and to capitalize on this exciting opportunity. IDOVA will perform 2 important roles for Prenti.
1, we'll be utilizing IDOVA's capability in Prenti's operating businesses to generate insights into our performance in support of our focus on improving our productivity, efficiency, flexibility and safety performance. The second opportunity lies in combining Prenti's deep mining expertise and data with IDOVA's skill set to deliver capital light services to the industry in addition to IDOVA's current offerings. As we start FY 'twenty two, we do so with a great deal of confidence with our business have improved its strength and resilience over the last 18 months. Our priorities are to maintain our focus on the safety of our people, deliver operational excellence for our clients, successfully ramp up critical projects in North America and Botswana and grow our new technology business, IDOBA. As Rob mentioned, we launched our 2025 strategy in February 2019 and now 2.5 years on, we are taking the opportunity to review the strategy with the outcome of that review to be presented to the market during the second half of this financial year.
Whilst we have not yet concluded this review, the focus will be on delivering sustainable total shareholder returns with key focus areas, including strengthening and enhancing our approach to capital management and allocation reviewing our current portfolio of services, regions and businesses optimizing our business performance to improve our ability to generate free cash flow and utilizing technology and data to provide insights into the current business and to develop future capital light services. In addition, we will continue to invest in our people and systems to support the long term performance of the business. Our updated strategy will build upon and capitalize on the significant work that has been done by our team to date with a focus on ensuring sustainable shareholder returns. Before I close, I'd like to acknowledge the significant contribution of our former Chairman, Ian Cochrane. Ian was a great mentor to me personally and his influence has shaped our business into a leading provider of mining services globally.
Many of you would have known Ian, and it was only last year that he chaired our 2020 AGM. Ian was a thoroughly decent man who has left a lasting legacy in Perentie and the Perth business community more broadly. Our thoughts continue to be with Ian's wife, Rozena, his family and friends. In closing, I'd like to express my sincere thanks to our people who proudly work for Perenti in our operating businesses. This has been an extraordinary year, which has placed significant demands on many of our people that we could not have envisaged 18 months ago.
Despite these challenges, our people have continued to deliver for our clients and our company every day, which speaks volumes for their commitment and desire to succeed. I'd also like to thank the Board and the group executive for their support and significant contribution throughout FY 'twenty one and into FY 'twenty two. Finally, thank you to our shareholders for your continued support and I look forward to a exciting year ahead. I'll now hand back to Rob.
Okay. Thanks, Mark. As mentioned earlier, voting on all resolutions will occur by way of a poll. After each item of business has been introduced, there will be an opportunity for shareholders to ask questions of the Board in relation to that item of business before shareholders cast their vote online for that resolution. Please limit your questions to the item of business being discussed.
There will be time for general questions at the conclusion of the meeting. Please note that voting prohibitions apply to resolutions 15 under the Corporations Act and voting exclusions apply to resolution 5 under the ASX listing rules. If you're in doubt as to whether a voting exclusion or voting prohibition applies to you, please refer to the notice of meeting. To register to vote, click on the get a voting card box at the top of the web page or below the videos. Please ensure you have your security holder reference number or holder identification number to validate your voting registration.
You can ask a question using the online platform by selecting the ask a question box at the top of the web page or below the videos. You can also ask a question verbally by utilizing the teleconference facility. Shareholders must use their unique PIN provided to them by Link Market Services. If you are using the teleconference facility, please ensure you mute the sound on your device and listen to the meeting by phone until you've finished asking your question. I now declare the poll open and we'll move on to the formal business of the meeting.
First item of business is the financial report and accounts. Under the Corporations Act, the company is obliged to lay before this meeting the last audited financial statements and reports which were circulated and which were dated 24 August 2021. No resolutions required, but I now invite shareholders to comment or ask questions on the financial reports and accounts of the company. Questions may also be asked of the auditors in relation to the conduct of the audit, content of the audit report, accounting policies adopted by the company and the independence of the auditor in carrying out the audit. Questions may be submitted by selecting the Ask a Question tab or by utilizing the teleconference facility.
I'll consider the questions submitted online after I've taken questions from shareholders using the teleconference facility. Out of fairness to everyone, I ask that you limit your questions to 1 at a time and restrict your questions and comments to the resolution being considered. I reserve the right as chair to rule questions is not pertaining to the AGM or out of order. Are there any questions from telephone participants on this item?
There are no questions
on the telephones at this time.
Thank you. I'll now take questions from shareholders watching online who sent in their questions online in writing. Okay. And there don't appear to be any. As there are no further questions, we'll move on to the next item of business which is the resolution to adopt the remuneration report.
Under the Corporations Act listed companies are required to include as part of their directors report, a remuneration report which includes specified information. The directors have prepared a remuneration report to 30 June 2021 and it's included in the annual report on Pages 64 to 78. The Corporations Act also requires companies to put to shareholders a resolution that the remuneration report be adopted. I therefore move that the remuneration report of the company for the financial year ended 30 June 2021 be adopted. Under the Corporations Act, the vote is advisory only and doesn't bind the directors or the company.
As I mentioned earlier, voting exclusions apply to this resolution as described in the notice of meeting. The proxies received in relation to this resolution are displayed on Slide 12. Any open and usable proxies held by me as Chair of the meeting will be voted in favor of the resolution. Are there any questions from telephone participants on this item?
There are no questions from shareholders participating by telephone.
Thank you. I'll now take questions from shareholders watching online who sent in their questions online in writing. No, online questions. As there are no further questions, I will now invite you to vote on this resolution via your online voting card. We'll now move to the next item of business, which is the re election of, which relates to the re election of directors.
As stated in the notice, certain directors will retire at the AGM and being eligible, each offer themselves for reelection as directors at the meeting. All directors' details are set out in the directors report on pages 5862 of the annual report. Details regarding Mark Hine, one of the 3 directors up for reelection this year, are displayed on Slide 14. Mark's an independent non executive director and chair of the People and Remuneration Committee. I move that Mark Hine, who retires by rotation under Article 60 of the company's constitution and being eligible, offers himself for reelection, be re elected as a Director of the company.
The Board, other than Mark, unanimously, Mark Hine, unanimously recommends that shareholders vote in favour of Resolution 2. The proxy votes received in relation to this resolution are displayed on Slide 16. Open and usable proxies held by me as Chair of the meeting will be voted in favor of the resolution. Are there any questions from telephone participants on this item?
There are no questions from shareholders participating by telephone.
Okay. I'll now take questions from shareholders who've sent in their questions online in writing. There don't appear to be any questions. So as there are no questions, I now invite you to vote on this resolution via your online voting card. And the next resolution proposes my reelection as a director and for the purpose of conducting this business, I'll pass the chair to Andrea Hall.
Thank you, Rob. Resolution 3, reelection of Mr. Rob Cole. Details regarding Rob Cole, the 2nd Director up for reelection this year are shown on Slide 17. Rob is a Non Executive Director and Chair of the company.
He is a member of both the Audit and Risk Committee and the People and Remuneration Committee. I'll now move that Rob Cole, who retires by rotation in accordance with Article 60 of the company's constitution and being eligible, offers himself for reelection. Reelected as a Director of the company. The Board, other than Rob Cole, unanimously recommend that shareholders vote in favor of Resolution 3. The proxy votes received in relation to this resolution are displayed on Slide 19.
Open and usable proxies held by the Chair of the meeting will be voted in favor of the resolution. Are there any questions from telephone participants on this item?
There are no questions from shareholders participating by telephone.
As there are no questions, are there any further questions from telephone participants? No, sorry. I'll take questions from shareholders who have sent in their questions online in writing. There are no questions. As there are no further questions, I now invite you to vote on this resolution via your online voting card.
I will now hand the chair back to Rob.
Thank you, Andrea. We'll now move on to the next item of business, which relates to the reelection of Mr. Tim Longstaff. Details regarding Tim, the 3rd and final Director up for reelection this year are displayed on Slide 20. Tim joined the company as a non executive director and member of the Audit and Risk Committee on 16 August this year and is based in Sydney.
I move that Tim Longstaff, who retires in accordance with Article 59.2 of the company's constitution and being eligible offers himself for reelection, be reelected as a Director of the company. The Board, other than Tim Longstaff, unanimously recommends that shareholders vote in favour of Resolution 4. The proxy votes received in relation to this resolution are displayed on Slide 22. Open and usable proxies held by me as Chair of the meeting will be voted in favour of the resolution. Are there any questions from telephone participants on this item?
There are no questions from shareholders participating by telephone.
Thank you. I'll now take questions from shareholders who've sent in their questions online in writing. There don't appear to be any. As there are no questions, I now invite you to vote on this resolution via your online voting card. We'll now move to the next item of business, which is special business.
Under Resolution 5, the company seeks shareholder approval for the proposed grant of STI rights under the incentive rights plan to the Managing Director, Mark Norwell or his nominee as a short term incentive for FY 2021. I now move that Resolution 5 as follows and as set out in the notice of meeting be passed as an ordinary resolution. That for the purposes of ASX Listing Rule 1014 and for all other purposes, approval is given to issue up to a maximum of 271,426 STI rights under the incentive rights plan to the Managing Director of the company, Mr. Mark Norwall or his nominee as part of Mr. Norwall's short term incentive for the financial year ended 30 June 2021 as described in the explanatory memorandum.
The actual number of STI rights to be granted to Mark Norwell or his nominees now been finalized and will be 271,426 STI rights. The Board, other than Mark Norwell who abstains, unanimously recommends that shareholders vote in favour of Resolution 5. Voting exclusions apply to this resolution as described in the notice of meeting. The proxy votes received in relation to this resolution are displayed on Slide 25. Open and usable proxies held by me as Chair of the meeting will be voted in favour of the resolution.
Are there any questions from telephone participants on this item?
There are no questions from shareholders participating by telephone.
Thank you. I'll now take questions from shareholders who've sent in their questions online in writing. There don't appear to be any questions. As there are no questions, I now invite you to vote on this resolution via your online voting card. As this is the last resolution, you will have 5 minutes after the poll has been completed, closed to complete your votes.
This will be indicated by a 5 minute countdown on your screen. If you have any questions, please refer to the virtual meeting online guide or call link on the number set out in the guide or on the top of screen. You'll now see the 5 minute countdown to complete your votes appear on your screen and I declare that the poll will close on expiry of that countdown. The votes will then be counted by link and the results of the poll will be announced to ASX shortly. In the meantime, we'll move on to other business.
As I mentioned before, my address at an annual general meeting, shareholders are entitled to ask questions about or make comments on the management of the company. Before calling this meeting to a close, I'd like to provide shareholders with this opportunity to ask any questions that you may not have been able to ask earlier. Please follow the steps in the virtual meeting online guide to ask a question or make a comment. Are there any questions or comments from shareholders on the teleconference line? There don't appear to be any questions via the teleconference facility.
I'll now take questions from shareholders who've sent in their questions online in writing. There don't appear to be any questions. So thank you. And as I mentioned earlier, the results of the poll will be available shortly and will be announced via the ASX platform. To the shareholders and visitors participating online, thank you for your attendance and interest.
We're pleased that our technology enabled your attendance today and we thank you for joining us remotely. We look forward to your continued support in the coming year. That ends the meeting, which I now declare closed. Thank you.