Board Chair & Group CEO Addresses to AGM
Released
Released
Announcement PDF
23 October 2025
2025 AGM Chair and Group CEO
addresses and presentation
Please find attached a copy of the Chair and Group CEO addresses and presentation to be delivered at the 2025 Annual
General Meeting to be held at 10.00am (AEDT) today, 23 October 2025.
For further information, please contact:
Virginia Spring
VP, Investor Relations
virginia.spring@articore.com
About Articore Group
Articore owns and operates the leading global online marketplaces, Redbubble.com and TeePublic.com. The Group’s
community of passionate creatives sell uncommon designs on high-quality, everyday products such as apparel, stationery,
housewares, bags and wall art. Through the Redbubble and TeePublic marketplaces, independent artists are able to profit
from their creativity and reach a new universe of adoring fans. For the artists’ customers, it’s the ultimate in
self-expression. A simple but meaningful way to show the world who they are and what they care about.
Founded in 2006, Articore Group (ASX: ATG) was previously known as Redbubble Limited (ASX: RBL).
Forward-looking statements
This announcement contains forward-looking statements in relation to the Articore Group, including statements
regarding the Group’s intent, belief, goals, objectives, initiatives, commitments or current expectations with respect to
the Group’s business and operations, market conditions, results of operations and financial conditions, products in
research, and risk management practices. Forward-looking statements can generally be identified by the use of words
such as "forecast", "estimate", "plan", "will", "anticipate", "may", "believe", "should", "expect", “project,” "intend", "outlook",
"target", "assume" and "guidance" and other similar expressions. The forward-looking statements are based on the
Group’s good faith assumptions as to the financial, market, risk, regulatory and other relevant environments that will
exist and affect the Group’s business and operations in the future. The Group does not give any assurance that the
assumptions will prove to be correct. The forward-looking statements involve known and unknown risks, uncertainties
and assumptions and other important factors, many of which are beyond the control of the Group, that could cause the
actual results, performances or achievements of the Group to be materially different to future results, performances or
achievements expressed or implied by the statements. Factors that could cause actual results to differ materially include:
changes in government and policy; actions of regulatory bodies and other governmental authorities such as changes in
taxation or regulation (or approvals under regulation); the effect of economic conditions; technological developments;
and geopolitical developments.
Page 1
Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as at the date of the
announcement. The Group disclaims any responsibility for the accuracy or completeness of any forward-looking
statement. Except as required by applicable laws or regulations, the Group does not undertake any obligation to publicly
update or revise any of the forward-looking statements or to advise of any change in assumptions on which any such
statement is based. Any projections or forecasts included in this announcement have not been audited, examined, or
otherwise reviewed by the independent auditors of the Group.
This announcement was authorised for release by Articore Group Board.
Page 2
Chair address
Good morning everyone and welcome to the 2025 Annual General Meeting of Articore Group Limited. My name is Robin
Mendelson and I have the privilege of serving as your Chair.
The Company Secretary has confirmed that we have a quorum. And I now declare the meeting open.
Today’s meeting is being conducted virtually and shareholders and their proxies and their representatives can ask
questions through the online platform and vote electronically when prompted.
Should we experience any technical issues, I may need to pause or adjourn the meeting, and we will email you on how and
when to re-join the meeting.
Joining me online today are my fellow Directors, non-Executive Directors Robin Low, Bob Sherwin, John Lewis, together
with our Group CEO and Managing Director, Vivek Kumar.
We are also joined by representatives from Boardroom, our share registry, who will act as returning officer and
scrutineer for today’s meeting.
Before we move to the formal items of business, I will begin with my Chair’s address. Vivek Kumar will then provide a
CEO update on performance and strategy.
There will be an opportunity to ask questions after each item of business.
Since the Board’s renewal in June, we have acted decisively to stabilise the business and accelerate the turnaround
already underway. We are encouraged by the progress made to date, while recognising that there is still more to do.
Following the renewal, the Board has made a number of commitments to shareholders on our priorities for FY26, which
are highlighted on this slide and the progress we have made to date.
● We remain focused on a clear, disciplined strategy aimed at delivering sustainable, long-term returns for
shareholders. Our recent results – two consecutive profitable quarters – demonstrate the momentum building
across the Group.
● The Board has engaged Citizens Capital Markets and Advisory to undertake a strategic review of the Group’s
capital structure and value-creation options.
● To strengthen oversight and local insight, we are progressing the search for an additional independent,
Australian-based Director. We’re taking the time to ensure the appointee adds depth and value to the Board.
● We believe alignment with shareholders is critical. To that end, all non-executive Directors have increased their
shareholdings and we have recalibrated executive performance-based incentives to strengthen alignment with
shareholder outcomes.
● Finally, we are enhancing transparency through regular milestone reporting. Consistent with this commitment, we
released the Group’s first quarter FY26 results well ahead of today’s meeting to enable shareholders time to review
our performance before voting.
We have taken a close look at Articore’s current position and future potential. Articore operates two high-margin,
capital-light digital marketplaces - Redbubble and TeePublic - together with Dashery, our new SaaS storefront platform,
launched earlier this year. Collectively, these businesses place us at the forefront of the global creator economy.
We are operating in a market with strong tailwinds. The global print-on-demand sector is valued at more than $15 billion
and is forecast to grow by about 26% annually over the next decade. As consumer demand continues to shift toward
personalised, made-to-order products, Articore is exceptionally well placed to capture this growth and continue building
long-term value for shareholders.
Articore holds a leading position in this space, underpinned by one of the world’s largest and continually expanding
design ecosystems. As you can see from the slide, in FY25 alone, hundreds of thousands of creators sold millions of
designs to millions of customers on Articore's marketplaces - a powerful demonstration of the scale of our community,
and the value we deliver to both creators and their customers.
I’ll now hand over to our Group CEO and Managing Director, Vivek Kumar, who will provide further detail on the Group’s
operational performance and outlook.
Page 3
Group CEO and Managing Director address
Thank you, Robin.
Good morning everyone, and thank you for joining us.
It’s great to be here, and to have the opportunity to share the progress we’ve made over the past year and where we’re
headed.
One thing that drew me to Articore, and what gets me excited, is the power of the flywheel. This model underpins our
growth, profitability, and scalability.
For shareholders who may not be as familiar with the Group, here is a quick overview of how it works: creators upload
their designs to our marketplaces and sell products printed with those designs to their customers. When a customer
purchases from a creator, the product is printed on demand by a third-party fulfiller who then ships it to the customer.
We take a service fee for each sale.
Creators only earn when they sell, which means our marketplaces benefit from a zero cost, ever-expanding supply of
high-quality user-generated designs.
The more creators we attract, the more unique content they upload to our marketplaces. That content draws in more
customers, who engage and purchase — which in turn attracts even more creators. This reinforcing cycle drives the
marketplace flywheel faster.
As the marketplace flywheel directs greater volume to our community of third-party fulfillers, they achieve scale
efficiencies that reduce unit costs and improve our margins. Stronger margins give us the ability to reinvest in customer
acquisition for creators, which again accelerates the flywheel.
The entire cycle reinforces itself. That’s the power of the flywheel.
Articore is built on four key competitive advantages that make our business model defensible and scalable.
First, our unique asset of more than 3 million creators sell on our platform and over 75 million designs are available to
their customers.
Second, scale economies: we have created one of the world’s leading and most resilient print-on-demand fulfillment
networks, with over 40 third-party fulfillers located around the globe. We are able to increase or reduce volume to
different fulfillers to enhance customer satisfaction through faster shipping times and lower costs.
Third, strong network effects: the more creators and their customers participating in our marketplaces, the more
attractive the platform becomes for new participants.
And fourth, process power: our global team of just 200 people delivers nearly $1.8 million in revenue per employee - a
testament to our efficiency and capability.
Articore continues to trade at a significant discount to peers, despite our improving performance. Our enterprise value
to gross profit multiple is 0.3 times, compared with a peer median of 3.5 times.
Recognising this disconnect in valuation, the Board approved an on-market share buyback as a clear signal of confidence
in our turnaround, our improved cash generation and belief in the long-term potential of the business.
A big part of what makes our business so efficient is how our cash cycle works. Unlike traditional ecommerce retailers, a
product only gets produced after a customer places an order.
We receive the entire customer payment upfront and route payments to creators and fulfillers later, which gives us an
average 20-day positive cash float.
And because we’re paid upfront and hold no inventory, our marketplaces scale without requiring additional investment.
In October 2024, we announced a transformative change for the Group — the consolidation of our two marketplaces
under a single leadership team. This integration was rolled out progressively through the remainder of the year, with a
clear goal: to drive cost synergies, sharpen execution, and deepen our focus on profitable growth.
The results of this change were evident in our fourth quarter performance — the strongest in five years. We delivered a
record gross profit margin and a significant reduction in operating expenses, clear evidence that our turnaround strategy
is gaining real momentum.
We’ve issued strong FY26 guidance, with expected EBIT of $2 to $8 million, representing at least a $12 million
improvement on FY25. We are also guiding to underlying cash flow of $5 to $12 million.
Page 4
Last week, we released our first quarter FY26 results, which reinforced the step change in the Group’s performance. We
have now delivered back-to-back profitable quarters with positive cash flow.
Marketplace revenue decline continues to stabilise. At the same time, we’re seeing significant margin expansion across
the Group. Gross profit increased 5%, with gross profit margin up 570 basis points to 50.6%. GPAPA was up 11%, and the
GPAPA margin expanded by 480 basis points to 30.2%.
We delivered EBIT of $0.8 million, marking our first profitable Q1 in four years - a $6.5 million improvement on the prior
corresponding period.
The benefits of our consolidation efforts and disciplined cost management are clear on this slide.
On the left, you can see the strong uplift in gross profit and GPAPA margins from the second half of FY25 - improvements
we believe are sustainable going forward.
On the right, our operating expenditure has reduced by 29% between FY23 and FY25, reflecting the success of strong
cost discipline, organisational restructure and the consolidation of our marketplaces.
These decisive actions have eliminated inefficiencies, improved operating leverage, and positioned us well to deliver
positive EBIT in FY26.
This slide shows how AI is being used across the Articore flywheel - from detecting fraud patterns and automating
content moderation, to powering on-site search and optimising customer support.
Today, 83% of customer interactions are handled through AI chat, helping us deliver faster, more consistent service at
scale. We’re also using AI in marketing and product discovery, enabling more personalised and effective engagement
with customers.
AI is deeply embedded in how we operate, creating real, measurable advantages that enhance productivity, reduce costs,
and ultimately support our core goal of returning to profitable revenue growth.
As we look ahead, we’re focused on driving growth across our two core marketplaces — Redbubble and TeePublic —
while also investing in Dashery, our new SaaS offering.
We firmly believe both core businesses can deliver sustainable, profitable growth.
Our strategy begins with strengthening the foundations of our marketplace by enhancing the customer and creator
experience, accelerating licensed and fan art content, optimising paid marketing, and driving higher retention and
conversion.
At the same time, we are unlocking new ways to monetise our ecosystem by introducing initiatives such as the new artist
account fee structures, enhanced creator tools, and new ways to connect creators with their customers.
Looking ahead, we are also focused on expanding our marketplace flywheel — launching new products and extending our
reach into additional geographies to capture further growth.
Our conviction that both of our core marketplaces can deliver growth is reinforced by the consistent performance of
TeePublic.
Since it was acquired, TeePublic has delivered revenue growth while expanding margins, demonstrating the strength and
scalability of our model when executed well.
TeePublic’s strong performance demonstrates the capability and experience within our leadership team and the
underlying strength of the business model — the same team is now driving the Redbubble turnaround and we are
applying learnings from TeePublic to Redbubble and vice versa.
We are also investing in a completely new revenue stream with Dashery, our SaaS platform purpose-built for creators.
Dashery is designed to be simple and seamless — creators can set up their own branded stores in minutes, without the
operational burden of managing inventory, logistics, or payments. They also benefit from being a part of the Group’s
digital platform ecosystem, which offers creators scale economies and a low-cost supply chain.
Dashery is a measured, strategic bet that leverages our technology infrastructure, established creator community,
experienced sales team, and global fulfillment network. Importantly, it is also a strategic move within our ecosystem —
helping us retain and re-engage high-value creators and at the same time, it opens up a large opportunity with
YouTubers, Instagrammers, TikTokers, podcasters, and other creators who want to launch their own merch stores and
drive traffic from their own audiences. For Articore, this also reduces reliance on traditional paid marketing channels.
Page 5
We are already seeing positive traction and strong early signals with Dashery, and remain excited about the growth
opportunity ahead.
Momentum is building, our foundations are stronger, and our strategy is clear.
Thank you to our employees, our creators, and our shareholders for your continued support.
That concludes my remarks. I’ll now hand back to the Chair.
Page 6
2025 AGM
23 October 2025
1
Articore Group Limited Board of Directors
1. Appointed Group CEO in June 2025 and Managing Director (MD) in August 2025
2. Appointed a Director in July 2024 and Chair in June 2025
Robin Mendelson
Chair
Appointed
July 20242
20-year career at Amazon
Led multi-billion dollar
divisions
Experience in scaling
complex technology and
consumer platforms
Vivek Kumar
Group CEO and MD
Former CEO of TeePublic
20+ years ecommerce
experience
Successfully drove revenue
growth while expanding
margins
June 20251
Appointed
Bob Sherwin
Director
CMO of Staples
Former CMO of Wayfair
During tenure at Wayfair,
revenue went from $500
million to $12 billion
November 2022
Appointed
2
John Lewis
Director
Major Articore
shareholder for 8 years
Instrumental in numerous
business turnarounds
October 2024
Appointed
Robin Low
Director
Audit and risk expert
Audit and risk committee
chair for 6 ASX-listed
companies (serving on 3
currently)
Former PWC-partner
March 2024
Appointed
Agenda
Chairman’s Address
Robin Mendelson
Group CEO and
Managing Director’s Address
Vivek Kumar
Formal Business
4
Chair’s
Address
Robin Mendelson
5
5
Driving shareholder value through disciplined growth and
enhanced profitability
Your Board’s FY26 priorities
Assessing capital
structure, portfolio
fit, and value
creation pathways
Appointing an
additional
independent,
Australia-based
Director
Ensuring strong
alignment with
shareholders
through Board
ownership of equity
Delivering a clear
strategy focused on
value creation and
strong cash flow
generation
Committing to
regular
milestone-based
reporting
Shareholder
value
Strategic
review
Enhanced
governance
Shared
experience
Transparency &
accountability
Back-to-back
profitable quarters
Appointed Citizens
Capital Markets &
Advisory; comprehensive
strategic review
underway
Released Q1 results
ahead of AGM to
enable consideration
prior to voting
Formal search
underway
All non-executive
Directors have
increased ownership in
FY26
Progress
6
6
A proven platform, ready to capatalise on future opportunities
Founded 2006
Launched 2025
Acquired 2018
Articore has a leading
position in the creator
economy, with one of the
world’s largest and
continually expanding
design ecosystems.
Articore has generated
over $3.2 billion in
marketplace revenue and
more than 250 million
products have been
shipped since listing
Listed 2016
1. Precedence Research. Market size converted from USD to AUD at a rate of 1 USD = 1.53 AUD. https://www.precedenceresearch.com/print-on-demand-market
→ POD market valued
at >$15 billion
→ Forecast to grow at
~26% CAGR from
2025 to 2034.1
→ In FY25 more than
700,000 creators
sold 5 million
designs to 6 million
customers
Articore is well
positioned to benefit the
growing global print on
demand (POD) market
The global leader for
connecting digital
creators with their
customers
Vivek Kumar
7
Group CEO
& Managing
Director’s
Address
8
Fueling growth with the flywheel effect
Creators upload artwork and design products that attract their customers. Customers receive products printed by a third-party fulfillment
network. Creators profit only when they sell, so the marketplaces benefit from a free supply of designs and a take rate business model.
Artists &
Content
Articore
Engine
Supply Chain
Loop
CREATORS UPLOAD TO MARKETPLACE
CUSTOMERS PURCHASE
LOWER COSTS, HIGHER MARGINS
ACQUIRE MORE CUSTOMERS
MORE PRODUCTS PURCHASED
VOLUME INCREASES
MORE PRODUCTS PURCHASED
CREATORS EARN MORE
No cost to join.
Creators can publish ideas instantly.
Passive income model.
Creators
and unique
content
Marketplace
customers
Fulfillment
network
Marketplace
Loop
Fulfilment network scales with demand.
Geographically distributed, enabling faster
delivery and lower shipping costs.
Built for growth: four competitive advantages
that defend and scale
9
Unique asset
>3 million
creators selling
on platform
Scale
economies
A leading global POD
network, with ability to
route demand to third
party fulfillers around the
globe to minimise cost
and delivery timeframes
Network
effects
>75 million
designs
>10,000
average daily
uploads
Process
power
Global team with deep
ecommerce
experience and
scalable infrastructure
40 third-party
fulfillers; <2 day SLA
23 million units
shipped in FY25
Powering access to one
of the largest,
constantly evolving
catalogues of unique
content and artwork
~200 employees
$1.8 million
revenue per
employee
Improving one side
of the flywheel
creates a positive
reinforcing impact on
other side
10
Investment opportunity relative to peers, with strong
margins and positive cash flow supporting upside potential
1. Articore’s FY25 results used to calculate Articore’s EV/gross profit. Other companies data sourced from Capital IQ.
Enterprise value /gross profit
(2025)1
Median: 3.5x
0.0x
1.0x
2.0x
3.0x
4.0x
5.0x
6.0x
7.0x
8.0x
9.0x
10.0x
11.0x
12.0x
High sales volumes, fast cash collection, no inventory and
strong bargaining power with fulfillers underpins 20-day float
● A product is only created after a customer
places an order. The Group receives payment
up front before any product is made
● The Group holds no inventory and has no
holding cost or risk of product obsolescence
● Payments to fulfillers and creators occur after
the cash is received by the business - a float of
~20 days from when cash is collected until it
leaves the Group
1. Creators are paid net of any fees they owe the marketplace. Minimum thresholds apply before payments are made which can extend creator payment terms.
GPAPA margin >26%
Creator earnings payment 1
(4 weeks)
COGS paid (2-4 weeks)
Paid marketing (4 weeks)
Receivables
(3 days)
Payables
(~23 days)
Cash flow timeline (average timing)
Sale made (cash inflow)
11
Momentum building with Group positioned to deliver
positive EBIT in FY26 - first time in 5 years
Began transformation of organisation structure, combining marketplace
operations under single leader
Leadership renewal, US-based, proven operators, Vivek Kumar appointed
Group CEO and Robin Mendelson appointed Board Chair
Q4FY25 results released - Group delivers first profitable Q4 in 5 years
and positive cash flow in seasonally soft quarter
Board launches formal strategic review to evaluate opportunities to
optimise shareholder value and accelerate future growth
Group sets FY26 EBIT guidance of $2 million –$8 million, representing at
least a $12 million EBIT turnaround on FY25
Oct-24
Jun-25
Jul-25
FY26 guidance1
EBIT
$2m - $8m
GPAPA margin
27% - 29%
Underlying cash flow
$5m - $12m
Aug-25
12
Oct-25 1QFY26 results released, reinforcing step change in Group’s performance.
Group on track to deliver FY26 guidance
1. Our ability to achieve this aim is highly dependent on various factors including consumer demand, foreign exchange rates, geographic and product mix
1QFY26 results reinforce step change in performance
$0.8m
1QFY25: -$5.7m, +$6.5m
$82.0m
1QFY25: $87.8m, -7%
$41.5
1QFY25: $39.4m, +5%
Marketplace
Revenue
Gross profit
EBIT
1QFY26
$0.6m
4QFY24: -$5.9m, +$6.5m
$79.2m
4QFY24: $84.6m, -6%
$39.4m
4QFY24: $38.4m, +2%
$24.8m
1QFY25: $22.3m, +11%
GPAPA $24.6m
4QFY24: $22.8m, +8%
4QFY25
GPAPA
margin
31.0%
4QFY24:
26.9%
GPAPA
margin
30.2%
1QFY25:
25.4%
13
1. Underlying cash flow defined as operating EBITDA plus net interest earned, less lease related expenses (excluding the impact of lease impairments), payments for capitalised development costs and property, plant and equipment (PPE).
Gross
profit margin
49.7%
4QFY24
45.4%
Gross
profit margin
50.6%
1QFY25:
44.9%
Underlying
cash flow1
$2.5m
4QFY24: -$3.5m, +$6.0m
$1.7 m
1QFY25: -$4.2m, +$5.9m
First profitable
1Q in four
years and
highest 1Q
GPAPA since
COVID
MPR decline
broadly in line
with 4QFY25,
alongside
continued
gross profit
and GPAPA
margin
expansion
FY25
-$9.8m
FY24: -$10.3m, +$0.5m
$379.1m
FY24: $423.1m, -10%
$173.0m
FY24: $181.7m, -5%
$100.6m
FY24: $108.3m, -7%
$0.6m
FY24: $0.9m, -$0.3m
Gross
profit margin
45.6%
FY24:
42.9%
GPAPA
margin
26.5%
FY24:
25.6%
GPAPA average - 25%1
New leadership driving a culture of continuous improvement
and cost discipline across Group
14
Sustainable improvement to GPAPA margin
(1QFY23 to 1QFY26)
1QFY23:
23.0%
1QFY26:
30.2%
FY23 FY24 FY25
FY26 GPAPA guidance: 27%- 29%
Operating expenditure
(millions, FY23 to FY25)
29% reduction in opex base
FY23 FY24 FY25
$130
$105
$80
$55
$30
129
98
91
7% drop
driven by consolidation
of marketplaces
35%
30%
25%
20%
15%
10%
Technology costs represent more than a third of the Group’s opex base.
Work underway to consolidate tech stacks, starting in FY26 with
our marketing tech stacks, to drive meaningful opex savings
1. Articore’s GPAPA average, 1QFY23 - 1QFY26.
Leveraging AI across the flywheel to enhance
user experience and drive efficiencies
15
● Artist review workflows powered by
AI detect fraud patterns and reduce
manual review
● Content moderation significantly
automated, improving consistency
and speed
● Implemented policies and tools
to manage AI-generated art
● AI leveraged across marketing
function for asset creation, content
augmentation, and campaign
optimisation
● Onsite search stack combines vector
search and machine-learned ranking
to improve discovery relevance and
conversion
● Across engineering and product,
AI is beginning to support
workflows and in development
● Customer Service is leveraging AI;
83% of customer contacts via chat
and 26% of tickets are being
addressed by AI
Supply Chain
Loop
Creators
and unique
content
Marketplace
customers
Fulfillment
network
Marketplace
Loop
16
Pursuing multiple levers to drive profitable revenue growth
Core marketplace growth New SaaS business
Accelerating
fan art and
licensing
Improving site
experience
Optimising
paid marketing
Increasing
customer
retention
Artist
monetisation
Onsite and
offsite
personalisation
New sales
channels
Product
expansion
Geographic
expansion
Dashery, creator
merch platform
Incubated from within
TeePublic leveraging
existing tech platform
and supply chain
Horizon 1 Horizon 2 Horizon 3
AI advancements powering site experience, paid marketing, customer retention, and personalisation.
Group MPR, Redbubble and TeePublic proportion
(FY19 to FY25, millions)
Enhancing monetisation opportunities
- new artist account fee structure announced;
to be implemented 1 September 2025
Expanding into new sales channels to
capture untapped demand for creators
Scaling high-performing content
TeePublic has delivered MPR
growth with margin
expansion
Legacy execution issues at
Redbubble are being
addressed to drive a
turnaround by the same team
that led TeePublic
With higher GPAPA margins
already achieved, the Group
is well positioned to deliver
strong, sustained profitability
Redbubble
TeePublic
$38
$219 $403 $329 $291 $241 $195
$92
TeePublic’s strong performance demonstrates
that existing marketplaces can deliver profitable growth
$150
$154
$177
$182
$184
$258
$257
$553
$350
$483 $468
$423
$379
17
Since Vivek Kumar appointed CEO of TeePublic
→ MPR up 19%
→ GPAPA margin up 450 bps
$600
$400
$200
$0
FY19 FY20 FY21 FY22 FY23 FY24 FY25
COVID-driven surge in demand
18
Dashery is a new potential high-growth revenue stream
for the Group
Re-engaging high-value creators
New creators who bring their own demand
Rigby Cat
1.2m Instagram followers
1.6m TikTok followers
ItsAmbasLife
1.7m
TikTok followers
Adamtots
1.6m
Instagram followers
Tanner the
Planter
1.8m TikTok followers
0.6m Instagram followers
Dashery enables creators to establish their
own merchandise store, with a custom
domain, in minutes
Fully-funded,
disciplined strategic
bet
Asset-light adjacent
business model
New offering that
retains/attracts
high-value creators
in Group ecosystem
Leverages established
creator base and
experienced sales
team
19
Formal
business
Receive and consider
Financial Statements
and Reports
Item of Business
20
Resolution 1
21
Adoption of the
Remuneration Report
For Open Against
98.03%
88,996,621
1.59%
1,447,481
0.38%
343,374
Resolution 2
Re-election of
Mr Robert Sherwin
as a Director
22
For Open Against
89.79%
78,491,936
1.66%
1,447,281
8.55%
7,472,934
23
Resolution 3
Approval of Non-executive Director
participation in Equity Incentive Plan
(EIP) for issue of equity securities in
lieu of cash fees
For Open Against
97.90%
89,735,637
1.63%
1,497,481
0.47%
431,685
Resolution 4
Ratification of prior issues of shares
pursuant to ASX listing rule 7.4
24
For Open Against
98.30%
90,110,788
1.58%
1,447,602
0.12%
106,238
Resolution 5
Ratification of prior issue of
Employee Incentive Securities
pursuant to ASX Listing Rule 7.4
25
For Open Against
97.84%
89,445,503
1.98%
1,812,602
0.18%
165,386
Resolution 6
Conditional spill resolution (only
if required)
For Open Against
0.58%
465,244
2.25%
1,813,602
97.17%
78,379,269
26
27
Other
business
28
Voting on the
resolutions
29
Close of meeting
Thank you for joining us
30
IMPORTANT NOTICE AND DISCLAIMER
This presentation contains summary information about Articore Group Limited (ACN 119 200 592) and its related bodies corporate (together, the Articore Group or the Group) and the Group’s activities as at
the date of this presentation. It is information given in summary form only and does not purport to be complete. It should be read in conjunction with the Group's other periodic corporate reports and continuous
disclosure announcements filed with the Australian Securities Exchange (ASX), available at www.asx.com.au. This presentation is for information purposes only and is not a prospectus or product disclosure
statement, financial product or investment advice or a recommendation to acquire the Group’s shares or other securities.
No representation or warranty, express or implied, is made as to
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