In this issue : DECEMBER 2018
In this issue : DECEMBER 2018

Securityholder information

“2018 saw a continuation of the Group’s strategy, prudential expansion and our success sustained by retaining and rewarding our people.”

Mr Ian Ferrier, AM
Chairman, Goodman Group

Annual General Meetings

Goodman held its Annual General Meetings on Thursday 15 November in Sydney. Our Chairman Ian Ferrier outlined the Group’s positive performance over the last five years and explained Goodman’s remuneration strategy in the context of the company’s global operating environment. The webcast recording is available on the Goodman website in the investor centre.

Ian’s summary of business highlights over the last five years referred to:

  • FY18 results which included operating profit of $845.9 million, a 9% increase on FY17 and statutory profit of over $1 billion
  • The improved quality of the Group’s property portfolio in key infill and urban locations
  • Expansion in the Group’s newer markets of the US and Brazil
  • Creation of a truly international business with approximately 60% of earnings and 70% of our people outside Australia
  • Continued strengthening of our capital position for long-term sustainability and opportunity.

When explaining the Group’s remuneration structure, Ian highlighted:

  • The alignment of securityholders and employees’ long-term interests as securityholders’ interests are met before short-term incentive awards are considered, or long-term incentives vest
  • The $9 billon in value created by Goodman employees over the last five years
  • Goodman’s significant outperformance of the ASX 100 over the last five years.

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The results of the voting are below:

    • Resolution
    • Number of votes
    • Total %
    • 1Appoint Auditors of Goodman Logistics (HK) Limited (GLHK)
    • Votes cast 'FOR' the resolution
    • 1,508,782,297
    • 99.32
    • Votes cast 'AGAINST' the resolution
    • 10,334,809
    • 0.68
    • 2Re-elect Ms Rebecca McGrath as a Director of Goodman Limited
    • Votes cast 'FOR' the resolution
    • 1,515,696,013
    • 99.40
    • Votes cast 'AGAINST' the resolution
    • 9,105,686
    • 0.60
    • 3Elect Ms Penny Winn as a Director of Goodman Limited
    • Votes cast 'FOR' the resolution
    • 1,524,554,920
    • 99.97
    • Votes cast 'AGAINST' the resolution
    • 502,983
    • 0.03
    • 4Elect Mr David Collins as a Director of GLHK
    • Votes cast 'FOR' the resolution
    • 1,518,413,073
    • 99.87
    • Votes cast 'AGAINST' the resolution
    • 2,008,549
    • 0.13
    • 5aElect Mr Danny Peeters as a Director of Goodman Limited
    • Votes cast 'FOR' the resolution
    • 1,386,766,216
    • 90.93
    • Votes cast 'AGAINST' the resolution
    • 138,300,335
    • 9.07
    • 5bElect Mr Danny Peeters as a Director of GLHK
    • Votes cast 'FOR' the resolution
    • 1,422,729,221
    • 93.57
    • Votes cast 'AGAINST' the resolution
    • 97,691,796
    • 6.43
    • 6Adoption of the Remuneration Report
    • Votes cast 'FOR' the resolution
    • 806,757,405
    • 54.54
    • Votes cast 'AGAINST' the resolution
    • 672,548,371
    • 45.46
    • 7Issue of Performance rights to Gregory Goodman*
    • Votes cast 'FOR' the resolution
    • 773,701,182
    • 52.27
    • Votes cast 'AGAINST' the resolution
    • 706,637,446
    • 47.73
    • 8Issue of Performance rights to Danny Peeters*
    • Votes cast 'FOR' the resolution
    • 809,336,263
    • 54.67
    • Votes cast 'AGAINST' the resolution
    • 671,003,129
    • 45.33
    • 9Issue of Performance rights to Anthony Rozic*
    • Votes cast 'FOR' the resolution
    • 809,348,677
    • 54.67
    • Votes cast 'AGAINST' the resolution
    • 670,988,915
    • 45.33

Each of the resolutions was carried as an ordinary resolution. The advisory vote on Resolution 6 to approve the Remuneration Report recorded a “first strike” as more than 25% of votes cast were against the resolution. For the full voting results, see our ASX announcement dated 15 November on www.goodman.com.

* Vote in relation to Goodman Limited.

Upcoming key dates

    • 21 December 2018
    • Announcement of estimated half year distribution
    • 28 December 2018
    • Ex distribution date
    • 31 December 2018
    • Record date for the half year
    • 14 February 2019
    • Announcement of half year results
    • 26 February 2019
    • Estimated distribution payment date
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