Overview of Traffic Technologies Limited's Extraordinary General Meeting

Traffic Technologies Limited (ASX:TTI) held an Extraordinary General Meeting to address the refinancing of its debt facilities and the issuance of new shares. The Chairman, Cary Stynes, along with other Directors and the Company Secretary, provided an update on the recent trading performance and the proposed resolutions seeking approval for the refinancing.

Chairman's Address and Business Update

As Chairman of the Board, I would like to welcome you to today's meeting and thank you for your attendance and continued support. The Company's results for the financial year ended 30 June 2024 were significantly impacted by the structure of its working capital facilities. We have entered into binding agreements for the refinancing of our existing debt facilities, including a placement of new shares to improve our working capital position. The proposed resolutions seek approval for the refinancing and share issuance, and we are committed to addressing the challenges and ensuring the Company's ongoing operations.

Outcome and Future Outlook

Traffic Technologies Limited addressed the refinancing of its debt facilities and the issuance of new shares at the Extraordinary General Meeting. The proposed resolutions seek approval for the refinancing, including entering convertible note agreements and share placements with Adia Venture Limited and First Samuel Limited. The Company aims to improve its working capital position to fund its ongoing operations and address the impact on its trading performance. Shareholders were provided with the opportunity to ask questions and participate in the voting process. The Company remains focused on addressing the challenges and securing the necessary approvals to support its corporate strategy and future growth.