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IAG - Insurance Australia Group Limited

09/28/2020 | Press release | Distributed by Public on 09/28/2020 03:02

28 Sep 2020IAG has released an Addendum to the 2020 Notice of... Read more

There is no change to the date or time of IAG's 2020 Annual General Meeting (AGM) - it will still be held virtually on Friday 23 October 2020 starting at 10.00am (Sydney time) for all shareholders through the online AGM platform at https://web.lumiagm.com. The details for how
to participate, including voting, appointing a proxy and asking questions prior to the AGM remain as set out in the Original Notice.


Additional resolution: Resolution 11 - Allocation of share rights to Mr Nicholas Hawkins

Following IAG's 21 September 2020 announcement that Mr Nicholas Hawkins will be appointed as IAG's Managing Director and Chief Executive Officer (CEO) effective 2 November 2020, shareholder approval is being sought for the portion of Mr Hawkins' FY21 long term incentive
award that relates to his service as CEO. This additional resolution is the subject of the Addendum.

Order of business at the AGM

The numbering of the resolution in the Addendum is a continuation of the numbering used in IAG's Original Notice.

As Resolution 11 relates to remuneration of the incoming CEO, it will be considered at the AGM immediately after Resolution 1 (Adoption of the Remuneration Report). The meeting will then
continue to consider the remaining resolutions in numerical order.

Updated Voting and Proxy Form

Given the inclusion of the new Resolution 11, also attached is an updated Voting and Proxy Form. To be valid, the Voting and Proxy Form must be submitted to IAG's share registry by 10.00am (Sydney time) on Wednesday 21 October 2020.

Shareholder questions

As in past years, IAG encourages shareholders to ask questions in advance of the AGM. Shareholders are able to ask a question ahead of the meeting via any of these options:

Shareholders are reminded that questions must be submitted by no later than 5.00pm on Friday 16 October 2020.