Good afternoon, ladies and gentlemen. On behalf of Centuria's Board of Directors and Senior Management, I'd like to formally welcome you to the 2022 Annual General Meeting. I'm Garry Charny, Chair of the Centuria Group. As a quorum is present, I'd like to declare the meeting open, and I'd like to acknowledge the Gadigal people of the Eora Nation, the traditional custodians of this land on which our AGM is being held, and pay my respects to elders past, present, and emerging. We also welcome our friends from Aotearoa. It is my pleasure to introduce my fellow board members: Susan Wheeldon, Kristie Brown, John McBain, Jason Huljich, John Slater, and Joe Dawson. Together, the directors bring to the board an important range of skills and experience across the business in which our company is engaged, including funds management, property and investment markets, banking and finance, accounting, legal, and technology. A brief profile of each director is included in the 2024 Annual Report. Also attending the meeting is Anna Kovarik, our CoSec, our CFO Simon Holt, James Loney from K&L Gates, and Paul Thomas, the audit partner from KPMG. Paul is available to answer any questions regarding the conduct of the audit and the content and preparation of the audit report. If any security holders who are attending remotely experience any technical issues during the course of the meeting, they should contact Boardroom using the telephone numbers on the screen. If I might start with some housekeeping matters and meeting formalities. If you're present in the room today and have a mobile phone, could I please ask that it's either turned off or turned to silent for the duration of the meeting? The business of this AGM is set out in the Notice of Meeting. The Centuria Capital Group consists of Centuria Capital Limited, which I'll refer to as the company throughout this afternoon's meeting, and Centuria Funds Management Limited as the responsible entity of the Centuria Capital Fund, which I shall refer to as the Trust. I will refer to the collective group as Centuria. Each share in the company is stapled to a unit in the Trust, which forms stapled securities. This meeting is a concurrent meeting of the shareholders in the company and unit holders in the Trust. Every security holder and proxy holder in the room should have registered on the way in, and all those eligible to vote should now have a blue voting card. Anyone who believes they're entitled to vote but does not have a blue card, please see a member of the Boardroom staff who are stationed at the registration desk outside. Anyone with a green card or a white card is not entitled to vote. If you're a proxy holder who have been instructed how to vote, please ensure you cast your vote in accordance with those instructions. As the chairman of this meeting, I will be voting any undirected proxies in favor of each item. The online platform for the conduct of this meeting enables security holders to ask written and verbal questions. We will also be taking questions from security holders who are present in the room. If you are a Centuria security holder or properly authorized representative of a security holder attending the AGM online, you may ask a written question during the meeting by clicking on the messaging icon. Type your question in the box at the top of the screen and press the send button. Your question will be sent immediately for review. The moderator will then identify the security holder and read out the questions submitted at the relevant time. I will attempt to respond to all questions at this meeting, and if not, I will find someone from the company to assist. Due to a slight technical delay with the webcasting, we encourage security holders attending online to submit their questions as soon as possible. Please note, if you ask a question in real time as you receive the broadcast, I may well be on to the next item already. To ask your question verbally, click on the Request to Speak button at the top right of the broadcast window. The audio questions interface will now display as shown on the screen. You'll be prompted to confirm your name and enter the topic of your question. Submit your request and follow the instructions to allow access to your microphone so that you can ask your question. For those security holders and their properly authorized representatives who are present in the room this afternoon, if you wish to ask a question at the relevant time, please raise your blue or green card and wait for a microphone to be brought to you. Before asking your question, please state your name. If you're not a security holder, please state the name of the security holder that you represent. Voting on the resolutions may be conducted by way of a poll, sorry, will be conducted by way of a poll, and on a poll, each Centuria security holder has one vote for each security held. Security holders attending online may vote at this meeting by clicking on the voting icon in the navigation bar. You may submit your vote on each of the resolutions by clicking the for or against buttons or the abstain button. Your selection will be highlighted, and a confirmation message will appear. Voting can be performed at any time during the meeting and until I declare that the poll is closed. To change your vote, simply select a different option to override. There is no need to press a submit or send button. The notice of this meeting dated 29 October 2024 has been in security holders' hands for the required number of days, and therefore I propose to take it as read. The company's annual report has been placed on the company's website for your review and has been sent to those security holders who have requested a hard copy. The minutes of the last AGM were signed as a true and correct record of the meeting and are available for inspection. Resolutions three to six are ordinary resolutions, and we passed if more than 50% of the votes are cast in favor. Persons holding Centuria's stapled securities, as at 7:00 P.M. on Wednesday, the 27th of November, were taken to be the security holders entitled to vote. Voting exclusions apply to a number of resolutions as detailed in the notice of meeting. I intend to read out and propose each of the resolutions and then conduct a poll on all resolutions together. Our returning officer is Andy Marr from Boardroom. Shortly, I will take you through the formal resolutions on which you're being asked to vote and the proxy votes received to date. That's the end of the intro. Thank goodness. Excuse me, chairman's address, good afternoon again and welcome. On behalf of Centuria's Board of Directors and Management, I would like to formally welcome you now to this 2024 Annual General Meeting. Again, I'm Garry Charny, the Chair of Centuria. I would like to again acknowledge the Gadigal people of the Eora Nation and the traditional custodians of this land on which the AGM is being held and pay my respect to elders past and present. We also welcome our friends again from New Zealand. Before we begin, I would like to confirm that after nine years, or almost nine years, I am not seeking re-election as a director, and this will be my last AGM as Centuria's Chairman. This decision is consistent with my strong views that independent non-executive directors should not overstay their welcome, but rather provide a pathway for board renewal. I will come back to that topic a little later. It's my pleasure to introduce my fellow board members: Kristie Brown, John McBain, Jason Huljich, John Slater, Joe Dawson, and Susan Wheeldon. This year's economic and operating environments have presented numerous challenges for the Australasian real estate sector. Interest rates and the impact of higher debt costs have weighed on activity, while inflationary pressures dampened investors' and business sentiment. GDP growth has remained anemic. In fact, outside of the pandemic period, Australia experienced its lowest economic growth since 1992, when the nation was recovering from the recession that we had to have. This should give you an indication of the challenging environment that we face today. At Centuria, we have not been immune to these conditions, as transaction volumes, valuations, debt costs, and returns to varying degrees were impacted. Notwithstanding these impacts, we are pleased with the overall operational performance during the 2024 financial year, which is a testament to the integrated management model Centuria leverages to service its tenants, assets, and to unlock new opportunities for our growing investor network. On the asset front, throughout the past five financial years, Centuria has delivered a total of 28% compound annual growth rate for its assets under management. Though AUM is just one of several metrics used to measure performance, it has been particularly pleasing to see the group's AUM remain steady throughout FY24. This stability has made us a relative outperformer against those peers who suffered falling AUM levels in FY24, largely due to declining valuations. The single point of difference that enabled Centuria to maintain its AUD 21.1 billion platform is diversification. We are diversified not just in the traditional real estate sectors of office, industrial, and retail, but now more than 20% of our property platform is weighted to alternative sectors, including agriculture, healthcare, and real estate finance, the latter of which is often referred to as private credit or non-bank finance. During FY24, Centuria Bass Credit continued to scale its operations as non-bank private tailwinds persisted. To this end, Centuria increased its stake in Centuria Bass to 80%. It's the latest example of our corporate activity providing a runway for growth and early mover advantages, especially within alternative markets that can be highly scalable and appeal to a range of investors. Reflecting back to when I first became chair in 2016, Centuria was essentially an office-only REIT. Today, in a paradigm shift, our platform has 30% weighting to industrial assets, 16% to retail, and 21% to alternative assets. Diversification has been the touchstone of our success and growth. Another step forward has been the evolution and expansion of the group's commitment to sustainable outcomes. During FY24, Centuria progressed its new sustainability framework and set targets. This framework helped us better understand the environmental, social, and governance impacts of our activities and assists in driving ongoing improvements through our business strategy. It is based on the areas where the group has or can have the greatest impact on the environment, people, and the economy. In particular, Centuria New Zealand delivered its first mandatory XRB climate-related disclosures during the period. This extensive exercise will be implemented annually and helps the Australian business prepare for mandatory reporting in the coming years. Details of mandatory reporting and how the group has positively progressed towards its targets were outlined in our fourth sustainability report, which was released in late October, along with our voluntary climate-related disclosures. During the year, there were significant changes to our board and management teams to strengthen our talents and capabilities. Joanne Dawson, third from the right, joined the Centuria board as an independent non-executive director and chair of the group's audit, risk, and compliance committee. We welcome Jo warmly, and I personally thank her for the exceptional job she has done in taking on this critical and demanding task. It will also be remiss of me not to mention Susan Wheeldon's contribution as chair of the remuneration and nomination committee and the Culture and ESG Committee, and Professor Simon Rice's contribution as chair of our conflicts committee. On the management front, Andrew Essey was promoted to Chief Investment Officer in Australia. This was richly deserved, and Andrew's value and contribution to the group should not be understated. Joel Lindsay was made Chief Investment Officer in New Zealand. Jesse Curtis as our new head of funds management, Annie Scott, was appointed National Facilities and Engineering Manager. Grant Nichols is now head of listed funds and CIP fund manager, and Belinda Cheung was appointed the COF fund manager. Centuria New Zealand has also strengthened its senior management committee with the addition of two new members, Ben Harding, the head of asset management and Centuria New Zealand industrial fund manager, and Mark Madigan, head of finance New Zealand. Reflective of Centuria's effective leadership is our 2024 engagement survey with an overall engagement score of 77%, which was maintained year on year. This is a notable outcome given overall engagement scores declining to 71%, as well as nationally to 70% since 2023. In addition to developing the team's skill sets through ongoing training, professional development, IT, and cybersecurity training, management has continued to focus on well-being, particularly mental health awareness and training. This is now coupled with a new employee assistance program, which provides extensive support and safety services for our team. Workplace culture has changed, and Centuria has changed with it for the better. Lastly, we have an active and well-organized intern scholarship program, which is creating long-term career opportunities for talented young graduates. Centuria remains focused on being a leading Australasian real estate funds manager. Our experienced management team remains dedicated to a disciplined, strategic approach to capital management with the aim of continuing our upward growth strategy as financial markets stabilise. We intend to scale our business, particularly within alternative sectors, to provide compelling returns to you, our security holders. As I mentioned earlier, I will not stand for re-election as chair or as a director. I'm on the record about my personal views and commitment to board renewal. Simplistically, as a NED, it takes three years to get on top of the job, three years to really perform the job, and three years to work out it's time to get out of the job. My time is done, and I will leave it to others to mark the scorecard. I joined the board in strong support of Miss Kristie Brown to begin her tenure as chair following this AGM. Without too much self-indulgence, I would like to reflect on the remarkable growth of the company over the last nine years, from the small cap in 2016 to being firmly entrenched in the ASX 200 today. In that period, our AUM has grown from AUD 1.9 billion to a little bit above AUD 21 billion. All of that would have been impossible without my fellow board members, the leadership of John and Jason, and an extraordinary team of dedicated staff. I shall miss them. Not wishing this to become a procession, I do want to single out and thank my COSEC team, in particular Anna Kovarik and Yvonne Tan, they're here somewhere, who do a lot of work sight unseen that makes the job of chair look far more seamless than it really is. If I leave with any meaningful legacy other than a hopefully robust share price, it is the fact that nine years ago we had no board diversity at any level within the group. At the conclusion of this AGM, CN I will have four non-executive directors, which skew 75% female and 25% male, a recipe for further success. Our REIT boards are 50% and 25% female-led, respectively, and Centuria Life has a 50% split. Further, 45% of Centuria employees are women, along with 29% of the Centuria senior management. Disappointing as it is that we still have to keep measuring these things, Centuria has progressed by any measure. In conclusion, let me again thank my fellow board members at both the group and responsible entity level, our wider management team in Australia, New Zealand, and the Philippines, and the entire team at Centuria who make this the company that it is. Most of all, let me thank you all, our security holders, who have shared this journey with me and continue to share Centuria's vision for a high-performing, diversified real estate funds management business. Your support is never taken for granted. So let me leave you with the words of Oscar Wilde: "Some cause happiness wherever they go, others whenever they go." Thank you, Mr. Chairman, and good afternoon, everyone. John McBain and I, as joint CEOs, welcome you all to Centuria's 2024 annual general meeting. It is my pleasure to present Centuria Capital Fund's management and real estate activities during the year, which will be followed by John's address detailing Centuria's financial performance, ESG considerations, financial year 2025's initial activities, and our market outlook. As our chairman mentioned, Centuria maintained assets under management at AUD 21.1 billion during the 2024 financial period. Maintaining AUM against the backdrop of challenging market conditions and falling valuations is noteworthy relative to our industry peers. This performance is largely attributed to our diversification into alternative real estate sectors, which has allowed AUM growth in these new sectors, offsetting falls in some of the traditional asset classes. These alternative sectors invigorated our platform, providing fresh growth opportunities and enabled the group to generate new revenue streams. Approximately 96% of Centuria's AUM comprises real estate funds, and more than 20% of this comprises alternative property sectors. In particular, over FY24, our agricultural real estate portfolio increased 21% to around AUD 640 million, and the real estate credit division under the Centuria Bass brand increased 46% to just under AUD 2 billion. During FY24, we increased our investment in Centuria Bass to 80%, which reflects a current earnings multiple of approximately four times based on total acquisition costs. We believe real estate is a long-term investment proposition, and we continue to look for opportunities to organically grow our funds management platform. Throughout the year, Centuria executed AUD 2.3 billion of total transactional activity, including AUD 1.3 billion of acquisitions and real estate credit transactions and AUD 1 billion of divestments and real estate credit repayments. The group's transactional activity was further supported by AUD 550 million of gross inflows from unlisted investors and AUD 600 million of new institutional capital for deployment. This level of activity, while relatively lower than recent periods, is evidence of our team's ability to actively source and execute organic investment opportunities, despite the prevailing operating climate and subdued transaction markets in Australia and New Zealand. Another growth lever available to the group is a AUD 2.2 billion development pipeline, almost half of which is weighted to the strongly performing industrial sector. Centuria continues to selectively execute development opportunities that will create new generation assets for our underlying funds, while contributing development, management fees, and some development profits to the business. Development completions of AUD 300 million were delivered in FY24. Now, looking more specifically at our real estate platform, as at 30 June 2024, Centuria managed circa 400 properties leased to approximately 2,500 tenant customers. Lease terms were agreed across more than 630,000 square meters of space, encompassing 483 separate transactions. This significant leasing activity contributed to an average 5.7-year WALE and an occupancy of over 96%. In addition, we had a high 99% average rent collection. At Centuria, our tenant customers remain a key stakeholder group that we continue to service, providing functional and attractive accommodation as part of an ongoing hands-on management approach. Centuria's real estate platform comprises over AUD 12 billion of unlisted real estate, AUD 6 billion of listed real estate, and approximately AUD 2 billion of real estate credit. Our diversification strategy has seen us scale our exposure to alternative real estate sectors. Collectively, we have grown real estate credit, agriculture, and healthcare to more than AUD 4 billion of group AUM, including AUD 600 million in the FY24 period alone. Centuria's industrial and large-format retail verticals also expanded during the period, offsetting the reductions across some of our other sectors. Tailwinds across the industrial markets persisted during the year, enabling Centuria to lease a record 350,000 square meters of space and achieve an average releasing spread of 42%. These strong leasing outcomes have continued to underpin valuation movements across the group's industrial portfolio. The large-format retail sector also continued to provide compelling tailwinds, with Centuria's portfolio achieving an average releasing spread of 5%. Centuria expanded its daily needs retail portfolio with the addition of Halls Head Central in Western Australia, which was strongly supported by our unlisted investor base. We continue to focus on daily needs and convenience-based retail centers, with over 50% of our income being derived from non-discretionary supermarkets and the LFR platform representing an average site coverage of 44% across land-rich portfolio of assets. Across our office platform, Centuria leased more than 105,000 square meters of space, testament to the strength of Centuria's active in-house management and indicative of the ongoing demand for prime younger assets. Furthermore, over AUD 150 million of non-core office assets were divested, predominantly around prevailing book values. Throughout the period, Centuria also refinanced AUD 1.7 billion of debt across our office platform, accounting for circa 70% of the overall office portfolio. As mentioned, real estate credit delivered a very strong performance in FY24 as Centuria Bass continued to scale its business. We believe our early investment in the real estate private credit sector has the group well positioned to capitalize on opportunities as we look to continued growth in our loan book, diversification of investor capital sources, and the expansion of the Centuria Bass team. Our healthcare portfolio growth was impacted by cap rate movements, along with more than AUD 160 million of non-core asset divestments, which included non-core properties and underlying assets within funds reaching their full term. Centuria Healthcare remains committed to its modern short-stay hospital healthcare real estate model that delivers efficient, sustainable models of care. We believe this model better insulates investors from some of the challenges being faced presently by traditional legacy healthcare models. Our healthcare assets are underpinned by robust tenant covenants, with 88% of leases being net or triple net and over 40% of leases being CPI linked. Finally, to agriculture, our investment in protected cropping agricultural real estate has provided significant growth with a relatively unique offering in the market. During the year, we added AUD 125 million of glasshouse and protected cropping investments across South Australia, Victoria, and New Zealand, contributing to the growth of our platform to approximately AUD 640 million. We believe increased demand for fresh produce, driven by a rising population and expanding global demand, provides strong tailwinds for agricultural real estate. Finally, I'd like to thank our ongoing chair for the support and faith he has shown in me over the past nine years. Without it, we could not have achieved as much as we have. Thank you, Garry. It is now my pleasure to hand over to John McBain. Thank you, Jason. Garry, let me begin with a summary of our financial performance throughout financial year 2024, FY24. During the period, fiscal management remained a key priority, resulting in Centuria delivering a statutory net profit after tax of AUD 102.2 million and an operating profit after tax of AUD 94.7 million. The group provided operating earnings per security of AUD 0.117 and a distribution per security of AUD 0.10. FY24 operating earnings and distributions were in line with the guidance set at the commencement of FY24. Expanding on the chairman's comments in respect of non-bank private lending growth, Centuria Bass Credit's strong growth delivered a segment operating profit uplift of AUD 13.4 million, more than a 100% increase year on year. Centuria's other co-investment earnings increased to AUD 54 million and continue to be a strategic focus for the group. Operating profits attributable to our property funds management segment reduced by AUD 7.5 million, primarily due to lower fees arising from subdued transaction markets and adjustments attributed to lower property valuations. These factors also impacted recognized performance fees in FY24. Centuria retained over $266 million of cash and undrawn debt as at FY24 year-end, and through ongoing capital management, the group realised $289 million in cash from the sale and recycling of balance sheet assets, which contributed to year-end operating gearing of 12% and look-through gearing of 35%. As at 30 June 2024, Centuria's net asset value, or NAV, increased to $1.79 per security, and net operating cash inflows of $122.7 million exceeded group operating profit after tax. As Garry mentioned, ESG and sustainability are key considerations for the group. Centuria progressed its revised sustainability framework during the year. In addition to delivering Centuria New Zealand's first climate-related disclosure, the group implemented numerous decarbonization initiatives to assist us with meeting our emission reduction targets. These targets include eliminating gas and diesel from our operations for Centuria and Centuria Office REIT, where practicable by 2035, and targeting Scope 2 emissions by 2035 for Centuria and 2028 for industrial REIT and office REIT. Environmental initiatives specifically included lodgment of the FY24 group climate-related disclosures, lodgment of the FY24 sustainability report, and both of these documents are publicly available on the Centuria website and the ASX reporting platform. Commencing electrification across 50,000 square meters of Centuria Office REIT portfolio to increase gas and reduce gas and diesel reliance, I should say. Also, sourcing the equivalent of 100% renewable energy across our Australian corporate offices, reducing our Scope 2 greenhouse gas emissions, and finally, installation of 1,125 kilowatts of solar across assets in our funds. Centuria continued to support the local communities in which we operate, volunteering a collective 450 hours and raising more than AUD 112,000 for charities. Additionally, Centuria has entered into a new agreement with social enterprise Two Good Co, which now provides soap products to select Centuria assets. 50% of Two Good's profits are reinvested into their charitable Two Good Foundation, which employs and empowers vulnerable women, making their purpose-driven business one that Centuria is very proud to support. As part of our ongoing commitment to robust governance, the group continues to implement responsible business practices, with staff completing more than 9,000 hours for training across compliance competencies, cybersecurity, risk, and safety throughout FY24. Centuria has begun FY25 with the purchase of a 50% stake in ResetData, which provides edge data center opportunities to underutilized real estate spaces across office and other sectors. ResetData is unique in providing data centers reliant on liquid immersion cooling technology, a further area of diversification for the group. Liquid immersion cooled edge data centers have compelling fundamentals compared to traditional air-cooled data centers, in particular for AI inferencing, where the heat load generated by the latest chip technology requires a liquid-cooled solution. Our early move advantage in this field can allow us to unlock new rental income for our real estate funds, while also creating a future revenue stream from the ResetData business itself, which we believe will grow to be a meaningful contributor to the group's earnings over time. We intend to scale our business with a particular focus on our newly established alternative vehicles, and this includes opportunities to roll out edge data centers, as I've commented on, across office and other property sectors, the continued expansion of the real estate credit business, and expansion of Centuria's agricultural fund, which, as Jason mentioned, has grown to AUD 440 million in a post-COVID period. We aim to maintain our diversification as a strong and unique point of difference for investors. Also, during the start of this financial year, the group launched the Manning Mall Fund, which is acquiring a sub-regional shopping center in Taree in New South Wales. It was secured at a considerable discount to replacement cost and underpins a new single-asset wholesale fund, which has been fully subscribed in a relatively short offer period. Finally, during the first quarter of this financial year, Centuria strengthened its balance sheet through refinancing activity, bolstered our liquidity reserves with a new AUD 50 million debt facility, introducing a major Australian bank to our lender pool. We also completed the early refinance of a March 2025 wholesale note. Some comments regarding market outlook. Looking ahead, we anticipate financial markets to stabilize across FY25 and FY26, and our real estate platform has been structured to take advantage of what we believe should be more favorable market conditions across our core and traditional offerings, as well as the alternative sectors. We believe FY25 will be an important transitional period for real estate markets. We witness official cash rates reducing across Europe, the U.S., and New Zealand, and most commentators believe that a similar easing bias will be evidenced in Australia during FY25. The prospect of a lower domestic interest rate environment is inherently positive for real estate markets, both in terms of market confidence and valuation stability. This is already playing out in New Zealand, where there have been multiple reductions in the official cash rate. As a marketplace Centuria is exposed to, New Zealand is rewarding to witness increased business activity and market confidence in New Zealand, even at these early stages. Centuria has provided FY25 operating earnings guidance of AUD 0.120 per security and distribution guidance of AUD 0.104 per security. This guidance is set at levels that reflect our best estimate of earnings based on what we believe to be the likely market conditions. As always, Jason and I are thankful for our team across Australia, New Zealand, and the Philippines for their drive and dedication throughout what has been a very challenging operating period. Similarly, we thank the chairman and board of directors across the group and responsible entity boards, as well as our external committees whose guidance and support are invaluable. Jason and I also want to offer a special vote of thanks to Centuria's chairman, Garry Charny. Since accepting the chairmanship nine years ago, Centuria has experienced very strong growth, expanding into new markets in terms of geographical reach and real estate sectors, and our team has grown in excess of 450 colleagues. In addition, Garry has shown great leadership in Centuria's progression regarding culture and gender equality. We have evolved considerably, and we are proud to have shared this journey with you, Garry. Garry, Garry, thank you. As Garry's role comes to an end, the board has unanimously supported the election of Miss Kristie Brown to take up the chairmanship role, passing the mantle to a highly regarded and independent director with long-standing legal and real estate experience, and finally, and importantly, let me thank you, our security holders, for your continuous support. I'll now hand back to Garry. Thank you, John. Thank you, Jason. If I might now move to the business of the meeting, I'll do it this way, so the first item of business is to receive and consider the financial report, director's report, and auditor's report of the company for the financial year ended 30 June 2024. I'd now like to open this matter for questions. Before I do, Paul Thomas from the company's auditors, KPMG, is here to answer any questions on the preparation and content of the audit report and the conduct of the audit itself. If you have any questions for the auditor, please direct them through me as chairman of the meeting. Firstly, let me check with the moderator if there are any questions online. I think, thanks. Then, are there any questions from security holders in the room regarding the audit? Sorry, Julian, are you raising your hand or you're just trying to say? Just checking. And if you do, you've got to state your name. That's Julian Biggins from MA Financial. Any other questions? No. All right. Questions on this item have now closed. Thank you, ladies and gentlemen. With that, I will ask the company secretary that it be recorded in the minutes that the annual financial report, director's report, and auditor's report for the year-ended 30 June 2024 were received and considered at the AGM. We will now move on to the next item of business, which is the adoption of the remuneration report. It is included in the annual report. It sets out the details of any payments made to directors and the CFO, and also addresses the policy framework on which those payments are based. We are required to put the remuneration report, which forms part of the company's financial report, to a vote. In accordance with the Corporations Act, the status of the vote is non-binding. It is important that security holders understand how remuneration of our directors, senior management, and personnel is decided within the company. Our philosophy regarding remuneration is stated in our remuneration policy as contained in the company's annual report. Centuria recognizes the important roles people play in the realization of its long-term objectives. To grow and be successful, Centuria must be able to attract, motivate, and retain capable individuals at a cost that is acceptable to security holders. The policy focuses on providing competitive rewards to attract and retain executive talent, aligning remuneration to the creation of value to security holders, and linking the overall cost of remuneration to the ability of the company to pay. The resolution is set out in the notice of meeting, reads that the company's remuneration report for the financial year-ended 30 June 2024 be adopted. I'll now check with the moderator if there are any questions on this resolution. No, nothing on the platform. And are there any questions from the room in regard to this? Please raise your hand and we'll bring you a microphone. No? Questions on this item have now closed. Just by way of indication, proxies received for this resolution are shown on the screen. Around 78% of the votes received are for, and 22% of votes are against. I'll just remind you, there'll be a poll taken at the end, so I'll group these all together, I'll read them through, and then we'll deal with them at the end. The next resolution is that Ms. Susan Wheeldon be re-elected as a director of the company. In accordance with the terms of the company's constitution, Susan retires by rotation at the close of this AGM, and being eligible, offers herself for re-election as a director. Susan was appointed an independent non-executive director of the Centuria Capital Group board on 31 August 2016. Susan joined the Centuria Capital board as an Independent Non-Executive Director in August 2016 and has served as the Chair of the nomination and remuneration committee and the culture and ESG committee since February 2022. She brings extensive experience across international commercial markets within ICT, real estate, legal, aviation, and online retail sectors. Currently, Susan is Airbnb's country director for Australia, New Zealand, and Oceania. Previously, she served in a number of roles, including head of government performance and agency at Google, working with major national companies and global companies. During her career, she has held senior positions in Australia and the U.K. across a diverse range of industries, including global law firms DLA Piper and King & Wood Mallesons, working with Virgin Australia and Virgin Atlantic airline brands as vice president of Groupon and as head of brand and retail at AMP Capital Shopping Centres. She holds an MBA from the University of New South Wales AGSM and is a member of the Australian Institute of Company Directors, as well as holding a corporate director certificate from the Harvard Business School. The board considers that Susan is an independent non-executive director and recommends that security holders vote in favor of the resolution. I'll now check with the moderator if there are any questions online. No. Are there any questions in the room regarding Susan? No. In that case, I close the questions on this. The proxies received for this have shown the resolution as shown on the screen. Around 95% have voted for, and 5% of votes are against. The next resolution is that Ms. Joanne Dawson be elected as a director of the company. In accordance with the terms of the company's constitution, Joanne holds office until the conclusion of the AGM and, being eligible, offers herself for re-election as a director. Jo joined the Centuria board as an independent non-executive director, as well as a member and chair of the group's audit, risk, and compliance committee in November 2023. She has experience in highly regulated service businesses, coupled with a long history of corporate transactions. She is presently a non-executive director of AMA Group Limited, ASX-listed, Pacific Current Group Limited, ASX-listed, Bank First Limited, PetSure, and an independent trustee director and chair of the investment committee of Vision Super. Her previous board experience includes Templeton Growth Funds Limited. She worked with Deloitte in both Australia and the USA in their financial services, assurance, and advisory division, including as a consultant to the U.S. Department of Housing and Urban Development. She was also founder and CEO of Executive Wealth Strategies, is a chartered accountant, and a fellow of the Australian Institute of Company Directors. She has a Bachelor of Commerce from the University of Melbourne and a Master of Business Administration from RMIT. The board considers that Jo is an independent non-executive director and recommends that security holders vote in favor of this resolution. I will now check with the moderator if there are any questions online. No. Are there any questions from the room? No. Those questions are closed. Proxies for this resolution are shown on the screen. Almost all the votes are for, 99.9%, and again, 0.1%. The following resolutions deal with the allocation of performance rights to executive directors. Please note that the securities will only vest in the directors if the long-term performance hurdles set out in the notice of motion are met. The Executive Incentive Plan forms a key element of the Centuria Capital Group's incentive and retention strategy for senior executives. The primary objectives of the nomination and remuneration committee and the board in setting remuneration for the executive directors and providing them with equity-based LTIs under the plan for 2025, 2026, 2027 financial years are to focus the executive directors on the long-term performance of the Centuria Capital Group and creation of security holder value. Ensure the executive directors' remuneration outcomes are aligned with security holders' interests, in particular the strategic goals and performance of the group, and ensure the executive directors' remuneration is competitive and aligned with general market practice of ASX-listed entities. The resolutions relating to each executive director are detailed on the screen as follows. To consider for all purposes, including ASX Listing Rule 10.14, and if thought fit to pass the following resolutions as ordinary resolutions of the group. Item 5A, approval be given for all purposes, including ASX Listing Rule 10.14, for the issue of tranche 12 performance rights to John McBain and the issue of equity securities on their exercise under the Centuria Capital Group Executive Incentive Plan on the term summarised in the explanatory notes. Item 5B, approval be given for all purposes, including ASX Listing Rule 10.14, for the issue of tranche 12 performance rights to Mr. Jason Huljich and the issue of equity securities on their exercise under the Centuria Capital Group Executive Incentive Plan on the term summarised in the explanatory notes. These two resolutions will be voted separately, as stated on page eight of the notice of meeting. The board, other than Mr. McBain and Mr. Huljich supports those two resolutions and recommends that securityholders vote in favor of these resolutions. I will now check with the moderator if there are any questions online. No. Are there any questions or comments from the securityholders in the room? No. In that case, questions on this item have now closed. Proxies received for this resolution are shown on the screen. Around 97% of the votes received are for, and 3% of the votes are against. Proxies received for the second resolution are 97% of the votes received for, and 3% of the votes against. Finally, there's an approval under Listing Rule 7.4 to refresh the group's 15% placement capacity under ASX Listing Rule 7.1. We're considering that for the purpose of ASX Listing Rule 7.4 and for all other purposes, approval be given for the issue of 16,056,337 securities at an issue price of AUD 1.775 per security on 10 April 2024, pursuant to the acquisition of an incremental stake in Centuria Bass Credit Pty Limited, as announced to the ASX on 10 April 2024 and summarised in the explanatory notes. The board supports this resolution and recommends the security holders vote in favour of it. I'll now check with the moderator if there are any questions online. No. Are there any questions in the room regarding that? No? Then questions on this item have now closed. Proxies received for this show that almost all the votes received are for, to 99.94%, and again, 0.06%. I will now call for a poll on items two to six. Accordingly, for security holders in the room, if you would complete any voting cards, I will ask Boardroom to collect them for the purposes of the poll. For those attending online, please complete your votes by selecting the voting icon. What we will do is pause for five minutes to allow people in the room to complete their cards and for the voting online to take place. We'll be back in a moment. Does anyone have any voting cards left? No? In that case, I declare the poll closed. As the counting of the votes and the conduct of the poll may take some time, I propose to close the meeting and publish the results of the poll as soon as possible through a release made to the ASX. Ladies and gentlemen, we have now completed all the items of business for today's meeting. We will publish the results of the poll as soon as possible, and the release will be made. Before I close this meeting, I would like to take the opportunity to thank you for your attendance and participation at today's meeting. I now declare the meeting closed. Thank you very much.