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SUNCORP GROUP LIMITED — AGM Information 2019
Jul 25, 2019
65879_rns_2019-07-25_e47d703b-45c9-48f1-a43b-ea63eed8c35c.pdf
AGM Information
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ASX announcement
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26 July 2019
Shareholder Resolutions for consideration at AGM
In accordance with ASX Listing Rule 3.17A, Suncorp (ASX: SUN | ADR: SNMCY) gives notice that the below listed resolutions for consideration at the Suncorp Group Limited (“ Suncorp ”) Annual General Meeting (“ AGM ”) to be held on Thursday, 26 September 2019 have been received under section 249N of the Corporations Act 2001 from shareholders representing approximately 0.01% of Suncorp’s shares on issue.
Suncorp expects to circulate its 2019 Notice of AGM on 26 August 2019, which will contain the Board’s recommendations in relation to these resolutions.
Resolutions Sponsored by Market Forces and Requisitioned by Shareholders
1. Amendment to the Constitution (Special Resolution)
“To insert into our company’s constitution beneath ‘Business of Annual and Other General Meetings’ the following new sub-clause 17.2(d): “The Company in general meeting may by ordinary resolution express an opinion or request information about the way in which a power of the Company partially or exclusively vested in the Directors has been or should be exercised. However, such a resolution must relate to an issue of material financial relevance and cannot either advocate action which would violate any law or relate to any personal claim or grievance. Such a resolution is advisory only and does not bind the Directors or the Company.”
2. Fossil Fuel Exposure Reduction Targets (Contingent/ Advisory Resolution)
“Shareholders request that the company disclose short-, medium- and long-term targets to reduce investment and underwriting exposure to fossil fuel (oil, gas, coal) assets, along with plans and progress to achieve the targets set. These targets should be consistent with the goal of the Paris Agreement to pursue efforts to limit the temperature increase of global warming to 1.5°C above pre-industrial levels. This information should be published annually, starting with the 2019-20 annual report.”
ENDS
FOR MORE INFORMATION
Media Brett Zarb +61 417 256 563 [email protected] Analysts/Investors Kelly Hibbins +61 414 609 192 +61 2 8121 9208 [email protected] Jatin Khosla +61 439 226 872 +61 7 3362 1322 [email protected]
Suncorp Group Ltd - ABN 66 145 290 124 – Level 28, 266 George Street, Brisbane Qld 4000 1 suncorpgroup.com.au