GMG Provides Details of 2023 AGM To Be Held Virtually
Brisbane, Queensland, Australia–(ACN Newswire – October 16, 2023) – Graphene Manufacturing Group Ltd. (TSXV: GMG) (“GMG” or the “Company“) is providing details of its upcoming Annual Meeting of shareholders (“AGM“) to be held virtually on Tuesday, November 27, 2023, at 8:00 a.m. Brisbane Australian Eastern Standard Time (being Monday, November 26, 2023 at 2:00 p.m. (Canadian Pacific Standard Time).
TO VOTE AHEAD OF THE VIRTUAL AGM
The AGM will be held in a virtual format, allowing shareholders to have an equal opportunity to participate at the AGM online regardless of their geographic location.
The meeting materials, consisting of the notice of meeting, management information circular and related materials (collectively the “Meeting Materials“) will be mailed on or about October 23, 2023. If you have not received your copy of the Meeting Materials by November 10, 2023, please contact your broker if you are a non-registered shareholder, or contact Computershare if you are a registered shareholder. The Meeting Materials outline in detail how to participate at the AGM.
Where a shareholder has previously consented to electronic delivery, the Meeting Materials will be sent to the shareholder electronically.
Non-registered shareholders are encouraged to contact their brokers to register for electronic delivery of GMG’s Meeting Materials.
The Meeting Materials are available at GMG’s profile on SEDAR+ at www.sedarplus.ca as well as in the Investors Section of GMG’s website at https://graphenemg.com/agm-materials/.
As in prior years, shareholders have multiple options to cast their vote ahead of the AGM, which include on-line, via telephone or via mail. Details on using each method are included in the Circular and the form of proxy. Shareholders who are planning to vote ahead of the AGM must submit their proxy voting instructions to Computershare no later than 8:00 a.m. Brisbane Australian Eastern Standard Time on Friday, November 24, 2023, being 2:00 pm (Canadian Pacific Standard Time) on Thursday, November 23, 2023.
ATTENDING THE VIRTUAL AGM
All shareholders will be able to attend the AGM virtually. To do so, login online at https://web.lumiagm.com/441166300, Meeting ID: 441-166-300, Password: graphene2023 (case sensitive).
All securityholders MUST register any third party appointments at www.computershare.com/graphene in advance of the AGM. Failure to do so will result in the appointee not receiving login credentials.
Registered Holders will be asked to enter the 15 digit control number provided on your form of proxy provided by Computershare.
Appointed Proxyholders will be asked to enter the user name provided by Computershare via email, provided your appointment has been registered.
Attendees who do not enter the 15 digit control number or the user name provided by Computershare will only be allowed to register for the AGM as a “Guest”.
It is recommended that attendees log in 15 minutes prior to the start time of the AGM.
TO VOTE OR ASK QUESTIONS AT THE VIRTUAL AGM
For registered shareholders and duly appointed proxyholders to vote their proxies and/or ask questions at the AGM, please follow the instructions set out in the Meeting Materials.
All shareholders wishing to have a question addressed at the virtual AGM can avoid the registration requirements set out in the Meeting Materials by submitting them in advance to AGM23@graphenemg.com. Questions will be collected, organized by theme and posed to management at the AGM. GMG is committed to addressing all appropriate questions submitted by shareholders either live during the AGM or in advance, as timing and circumstances permit.
Shareholders who have questions on how to vote their proxy in advance of the AGM, or on how to register to vote at the AGM, can contact AGM23@graphenemg.com.
Attendees who have registered for the AGM as a “Guest” will not have the ability to vote at the AGM or ask questions.
Shareholders are reminded that if you vote in advance of the Meeting you are not required to vote again on the day of the Meeting.
Board appointments
Emma FitzGerald, Guy Outen and Robert Shewchuk are not standing for re-election.
GMG thanks the outgoing directors for their role in the growth of GMG, and wishes them all the best in their future endeavours.
In anticipation of these departures, GMG has appointed to the board Robert Galyen, Andrew Small and Jack Perkowski, who all propose to stand for re-election at this AGM along with Craig Nicol and Will Ollerhead. Each of these new appointees bring significant additional and relevant experience to the GMG board, and are uniquely qualified to facilitate the next stage of growth for GMG.
About GMG
GMG is a clean-technology company which seeks to offer energy saving and energy storage solutions, enabled by graphene, including that manufactured in-house via a proprietary production process.
GMG has developed a proprietary production process to decompose natural gas (i.e. methane) into its elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, with low cost inputs, scalable, ‘tuneable’ and low/no contaminant graphene suitable for use in clean-technology and other applications. The Company’s present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications.
In the energy savings segment, GMG has focused on graphene enhanced heating, ventilation and air conditioning (“HVAC-R”) coating (or energy-saving paint), lubricants and fluids. In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminium-ion batteries (“G+AI Batteries”).
For further information please contact:
- Craig Nicol, Chief Executive Officer & Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223
- Leo Karabelas at Focus Communications Investor Relations, leo@fcir.ca, +1 647 689 6041
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.
Cautionary Note Regarding Forward-Looking Statements
This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends”, “expects” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or will “potentially” or “likely” occur. This information and these statements, referred to herein as “forward‐looking statements”, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding the ability of the Company to generate revenue from energy saving products, political support of the industry, and future market and distributor demand for the Company’s products.
These forward‐looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things risks relating to the Company failing to generate revenue from energy saving products, if at all, political support of the industry, the blending plant’s ability to service future market and distributor demand, and future demand for the Company’s products.
In making the forward looking statements in this news release, the Company has applied several material assumptions, including without limitation, assumptions regarding the Company’s ability to generate revenue from energy saving products, political support of the industry, and future demand for the Company’s products.
Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/184136
Topic: Press release summary
PM shares details of ‘8 Years of Women Empowerment’
The Prime Minister, Shri Narendra Modi has shared details of various articles available on narendramodi.in website having information about the Government’s work towards the empowerment of Nari Shakti.
Shri Modi has also shared a tweet thread of MyGov having information about the various schemes and initiatives of the Government for the welfare and empowerment of Women.
The Prime Minister tweeted;
“You will enjoy reading these articles on how a new paradigm is being created to further empowerment of women. These efforts cover diverse sectors and have ensured more dignity as well as opportunities for women. #8YearsOfWomenEmpowerment”
“Comprehensive information about the work to empower India’s Nari Shakti. #8YearsOfWomenEmpowerment”
You will enjoy reading these articles on how a new paradigm is bring created to further empowerment of women. These efforts cover diverse sectors and have ensured more dignity as well as opportunities for women. #8YearsOfWomenEmpowerment https://t.co/e2fJNznDRA
— Narendra Modi (@narendramodi) June 9, 2022
Comprehensive information about the work to empower India’s Nari Shakti. #8YearsOfWomenEmpowerment https://t.co/j1EGewmR8G
— Narendra Modi (@narendramodi) June 9, 2022
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SF REIT Announces Details of Proposed Listing
SF REIT Asset Management Limited (the “REIT Manager”), as the manager of SF Real Estate Investment Trust (“SF REIT”), today announces the details of the proposed listing of SF REIT (the “Listing”) on the Main Board of The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”). SF REIT is the first logistics-focused REIT to be listed in Hong Kong.
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| From the left: Ms. Ho Sze Ting, Head of Finance, Mr. Chow Chi Ping, Simon, Director of Corporate Development and Strategy, Mr. Hubert Chak, Executive Director and Chief Executive Officer, Mr. Hong Kam Kit, Eddie, Director of Investment, Mr. Lu Shaojun, Head of Asset Management and Ms. Leung Wai Yee, Company Secretary and the Head of Compliance. |
Highlights:
– SF REIT is the first logistics-focused REIT to be listed in Hong Kong. SF REIT is sponsored by S.F. Holding Co. Ltd. (“SFH”), the largest express delivery company in China.
– Offer price range between HK$4.68 and HK$5.16 per Unit. Based on the maximum offer price, the total proceeds from the Global Offering will be approximately HK$2,683.2 million.
– The Hong Kong Public Offering will commence at 9:00 a.m. on 5 May 2021 and will end at 12:00 noon on 10 May 2021. Dealings of SF REIT’s Units is expected to commence on 17 May 2021 under the stock code 2191.
– The profit attributable to Unitholders and the distributable income of SF REIT for the Profit Forecast Period (from the 17 May 2021, the expected listing date to 31 December 2021) will be not less than approximately HK$112.4 million and approximately HK$137.9 million, respectively. Forecast annualised DPU yield is 5.9% based on the minimum offer price for the Profit Forecast Period.
– The REIT Manager currently intends to distribute 100% of the Annual Distributable Income for the Profit Forecast Period.
SF REIT’s key investment objectives are to provide its unitholders (the “Unitholders”) with stable distributions, sustainable and long-term distribution growth, and enhancement in the value of SF REIT’s properties. The investment focus of SF REIT shall be income-generating real estate globally, with an initial focus on logistics properties.
The initial portfolio of SF REIT, upon Listing, shall comprise three properties located, respectively, in Hong Kong (the “Hong Kong Property”), Foshan (the “Foshan Property”) and Wuhu (the “Wuhu Property”) (collectively, the “Properties”). All of them are modern logistics properties with an aggregate gross lettable area of approximately 307,617.5 sq.m. as at 31 December 2020, comprising distribution centres equipped with automatic sorting and supply chain support facilities and located strategically within the key logistics hubs in Hong Kong and the Mainland.
Offering Details
It is intended that the global offering (the “Global Offering”) will offer a total of 520,000,000 units of SF REIT (the “Units”) (subject to over-allotment option), including 52,000,000 units under the public offering in Hong Kong (the “Hong Kong Public Offering”) (subject to reallocation) and 468,000,000 Units under the international offering (the “International Offering”) (subject to reallocation and the over-allotment option) at the offer price range between HK$4.68 and HK$5.16 per Unit. Based on the abovementioned price range, the total proceeds from the Global Offering will be between approximately HK$2,433.6 million1 and HK$2,683.2 million.
The Hong Kong Public Offering will commence at 9:00 a.m. on 5 May 2021 (Wednesday) and will end at 12:00 noon on 10 May 2021 (Monday). Dealings of SF REIT’s Units on the Main Board of Hong Kong Stock Exchange is expected to commence on 17 May 2021 (Monday) under the stock code 2191. Units will be traded in board lots of 1,000 Units each.
DBS Asia Capital Limited is the sole listing agent, and it together with Credit Suisse (Hong Kong) Limited and J.P. Morgan Securities (Asia Pacific) Limited are the joint global coordinators.
Backed by SFH, the largest express delivery company in China, and managed by a highly experienced management team at the REIT Manager, SF REIT presents Unitholders with an attractive investment proposition for the following reasons:
Investment Highlights
Prime property portfolio located at strategic locations in Hong Kong and the PRC
The Hong Kong Property is certified by the U.S. Green Building Council as meeting the Leadership in Energy and Environmental Design (LEED) Gold Certification standards. According to the market consultant report (the “Market Consultant Report”), as at the end of 2020, the Foshan Property was the sixth largest (by Gross Floor Area) modern logistics property in the Nanhai District of Foshan and the 16th largest in Foshan, while the Wuhu Property was the fourth largest modern logistics property in Wuhu.
Capitalising on the growth of the Hong Kong and PRC logistics and e-commerce markets
The properties of SF REIT are well-positioned to capture increasing demand for modern logistics properties arising from the growth of the logistics and e-commerce markets, as well as favourable government policies in Hong Kong and the PRC.
With its strategic location in Asia, Hong Kong is able to capture both growing domestic inbound and international outbound trade demands. According to the Market Consultant Report, in 2019, Hong Kong has the busiest airport for cargo since 2006, the eighth busiest container port and the fourth largest shipping register in the world. In addition, to support future trade flow, the Hong Kong government has issued many initiatives master plans and policies to support the construction of transportation infrastructure.
The express delivery market in the PRC grew at a CAGR of approximately 25.9% during 2015 to 2020. According to the Market Consultant Report, it is estimated that the total revenue of the express delivery will continue to increase steadily at a CAGR of 14.5% from 2020 to 2025.
High-quality and stable tenant base
As the properties were initially developed to support the logistics network of SFH and to facilitate its global operations, most of the gross lettable area of the properties have been leased to and operated by subsidiaries of the SFH group. Save for the Foshan Property which is currently leased entirely to a local operating subsidiary of the SFH group, which operates mainly as a modern logistics property for regional distribution purposes, the Properties are also tenanted by other third party supply chain and logistics companies.
While tenants which are subsidiaries of the SFH group contribute a relatively high percentage of the total rental income generated by the Properties, the REIT Manager considers this arrangement to be beneficial to SF REIT as it provides a high degree of income stability for SF REIT. Given certain facilities were specifically built to suit their operational needs and large capital expenditures were spent, the REIT Manager does not expect the connected tenants to vacate the Properties for other modern logistics properties in the short to medium term.
Reputable and committed sponsor with extensive network and experience in logistics sector
SF REIT is sponsored by SFH, a company listed on the Shenzhen Stock Exchange and one of the PRC’s leading express and logistics service providers of comprehensive end-to-end integrated logistics and supply chain management solutions. SFH is expected to indirectly hold approximately 35.0% of SF REIT at the time of Listing. As such, SF REIT stands to benefit from SFH’s market reach and mature logistics network both in Hong Kong and the PRC.
Growth potential through future acquisitions of pipeline assets from the SFH Group
To support the expansion of its logistics operations and service network, SFH has developed a number of real estate projects across the PRC. As at 31 December 2020, SFH has property projects in 50 PRC cities, with total planned construction area of approximately 4.4 million sq.m., and completed construction area of 1.7 million sq.m..
As the sponsor of SF REIT, SFH is committed to support the future expansion and growth of SF REIT. SFH has granted to SF REIT a right of first refusal (“ROFR”) which shall give SF REIT access to potential acquisition opportunities from the SFH group for the first five years upon Listing. The REIT Manager believes the ROFR, backed by SFH’s network and resources, will be beneficial and instrumental to SF REIT’s future expansion and income growth. After Listing, the REIT Manager will, leveraging on its knowledge and expertise in conducting property investment, actively search for suitable acquisition opportunities for SF REIT.
Highly experienced management team with a proven track record
SF REIT is managed by the REIT Manager, SF REIT Asset Management Limited, who has the overall power and responsibility to manage SF REIT and the properties. The Board and the senior executives of the REIT Manager have extensive industry experience in property investment and property management as well as expertise in the logistics industry.
Cornerstone Investors
SF REIT has entered into cornerstone investment agreements with two investors, namely China Orient Asset Management and CI Global Asset Management (together, the “Cornerstone Investors”) at an aggregate of approximately US$50.0 million (approximately HK$387.7 million).
Distribution Policy
The REIT Manager currently intends to distribute 100% of the Annual Distributable Income for the Profit Forecast Period (from the Listing Date to 31 December 2021). SF REIT is required to distribute to Unitholders an amount of no less than 90% of SF REIT’s annual distributable income for each financial year.
Profit Forecast
The REIT Manager forecasts that, the profit attributable to Unitholders and the distributable income of SF REIT for the period from 17 May 2021, the expected listing date to 31 December 2021 will be not less than approximately HK$112.4 million and approximately HK$137.9 million, respectively.
Use of Proceeds
The total proceeds to SF REIT from the Global Offering are estimated to be between approximately HK$2,433.6 million and HK$2,683.2million.The intended application of the funds will be mainly used to fund the acquisition of the Predecessor Group , which owns the Hong Kong Property, Foshan Property and Wuhu Property.
Fully Electronic Application Process
The REIT Manager has adopted a fully electronic application process for the Hong KongPublic Offering and it will not provide printed copies of this Offering Circular or printed copiesof any application forms to the public in relation to the Hong Kong Public Offering.This Offering Circular is available at the website of the Stock Exchange atwww.hkexnews.hk under the “HKEXnews > New Listings > New Listing Information” section, and SF REIT’s website at www.SF-REIT.com.
About SF Real Estate Investment Trust
SF REIT is the first logistics-focused REIT to be listed in Hong Kong. SF REIT’s portfolio initially comprises three properties in Hong Kong, Foshan and Wuhu, all of which are modern logistics properties comprising distribution centres equipped with automatic sorting and supply chain support facilities, strategically located within the key logistics hubs in Hong Kong and the PRC.
About The REIT Manager
SF REIT Asset Management Limited is an indirect wholly-owned subsidiary of SFH. Its main responsibility is to manage the assets of SF REIT for the benefit ofthe Unitholders.
Media Enquiries
Strategic Financial Relations Limited
Heidi So Tel: +852 2864 4826 Email: [email protected]
Becky Liu Tel: +852 2864 4864 Email: [email protected]
Mandy Wong Tel: +852 2114 4900 Email: [email protected]
Topic: Press release summary
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