Resolutions for Consideration at the Westpac 2019 AGM

ASX
Release

11 October 2019
RESOLUTIONS FOR CONSIDERATION AT THE WESTPAC 2019 AGM
Pursuant to ASX Listing Rule 3.17A, Westpac Banking Corporation advises that
it has received a notice under section 249N of the Corporations Act from
shareholders requesting resolutions for consideration at Westpac’s 2019
Annual General Meeting, to be held in Sydney on Thursday, 12 December
2019.
The attached resolutions have been received from shareholders representing
approximately 0.01% of Westpac’s shares on issue. The accompanying
statements from the shareholders requisitioning the resolutions will be
distributed with the Notice of Annual General Meeting in accordance with
section 249P of the Corporations Act.
Westpac’s Notice of Annual General Meeting will be published in November
2019 and will include the Board’s recommendation on each resolution to be
considered at the meeting.
Ends...
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ATTACHMENT
Resolution 1 – Amendment to the Constitution
“Insert into the Constitution in clause 7 ‘General meetings’ the following new
sub-clause 7.3A ‘Advisory resolutions’: “The Company in general meeting may
by ordinary resolution express an opinion or request information about the way
in which a power of the Company partially or exclusively vested in the Directors
has been or should be exercised. Such a resolution must relate to a material
risk identified by the Directors or the Company and cannot advocate action that
would violate any law or relate to any personal claim or grievance. Such a
resolution is advisory only and does not bind the Directors or the Company.””
Resolution 2 – Transition Planning Disclosure
“Shareholders request the company disclose in annual reporting from 2020
strategies and targets to reduce exposure to fossil fuel (oil, gas, coal) assets in
line with the climate goals of the Paris Agreement, including the elimination of
exposure to thermal coal in OECD countries by no later than 2030.”