rexnews
AGM 2012
The 2012 AGM was held on 27 November 2012. Deputy Chairman John Sharp chaired the meeting,
presenting a summary of the past financial year to all shareholders.
The presentation provided a downward revised profit guidance for FY12/13, with the Profit Before
Tax forecast for FY12/13 at 25 to 35 per cent lower than FY11/12, from 15 to 25 per cent previously
declared at its FY11/12 full-year results presentation briefing in August 2012.
Rex Chief Operating Officer Garry Filmer said, "As foreshadowed in our earlier warnings, the
government's slew of draconian measures at the start of this financial year is having its expected
impact on the general economy, which, in turn, is hurting regional aviation badly.
"For the prior FY11/12, the Rex Board declared a fully franked dividend of 9.0 cents per share to be
distributed in November 2012, which represents a 26.8 per cent increase over the previous year. The
Board thanks its staff for their commitment and efforts in the financial year ended 30 June 2012."
VI
Clockwise,
from top left:
Shareholders voting
to pass a resolution;
Deputy Chairman
John Sharp delivering
the presentation;
Executive Chairman
Lim Kim Hai
answering a question
from a shareholder.
