SDI (SDI) Scheme meeting 2026 summary

Opening remarks and agenda

• Meeting opened with a quorum present and introductions of the Board and key advisors, including legal and financial representatives.

• Procedural and technical details for virtual participation and voting were explained, with instructions for shareholders on how to vote and submit questions.

• The meeting's primary purpose was to consider and vote on a Scheme of arrangement for the acquisition of all shares.

Board and executive committee updates

• Board members and executive team were introduced, including the Managing Director, COO, and Non-Executive Directors.

• All Directors confirmed their intention to vote in favor of the Scheme and recommended shareholders do the same.

• Non-Executive Directors received no exertion payments for work on the deal and will resign upon completion of the transaction.

Shareholder proposals

• Shareholders raised questions about the choice of court jurisdiction, director payments, shareholder turnout, and the format of the meeting.

• The Board addressed concerns about the lack of a hybrid AGM and explained the constitution was amended pre-COVID to allow virtual meetings.