UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO SECTION 13A-16 OR 15D-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of November 2022
Commission File Number: 001-41072
Iris Energy Limited
(Translation of registrant’s name into English)
Level 12, 44 Market Street
Sydney, NSW 2000 Australia
+61 2 7906 8301
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
EXPLANATORY NOTE
On November 3, 2022, Iris Energy Limited (the “Company”) distributed a notice (the “Notice of Meeting and Explanatory Statement”) of its 2022 Annual General Meeting (the “2022 AGM”), a notice and access card and a
proxy card to its shareholders. The 2022 AGM will be held on December 13, 2022 at 3:30 p.m. (ET) (December 14, 2022 at 7:30 a.m. (AEDT)), virtually.
The Notice of Meeting and Explanatory Statement for the 2022 AGM, the notice and access card, the proxy card and the Company’s Consolidated Annual Report for the year ended June 30, 2022, dated September 15, 2022,
prepared in accordance with the Australian Corporations Act 2001 (Cth), as lodged with the Australian Securities and Investments Commission on September 21, 2022 (AEST) (the “2022 Australian Annual Report”)
are furnished herewith as Exhibits 99.1, 99.2, 99.3 and 99.4, respectively, to this Report of Foreign Private Issuer on Form 6-K.
The Company’s Annual Report on Form 20-F for the year ended June 30, 2022, filed with the Securities and Exchange Commission on September 13, 2022 (ET), and the 2022 Australian Annual Report are also available on the
Company’s investor relations website at https://investors.irisenergy.co/financial-information/annual-reports.
EXHIBIT INDEX
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Exhibit
No. |
Description
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Notice of Annual General Meeting and Explanatory Statement
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Notice and Access Card
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Proxy Card
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Iris Energy Limited Consolidated Annual Report for the year ended June 30, 2022, dated September 15, 2022 (incorporated by reference to Exhibit 99.1 to the Company’s Report on Form 6-K filed with the SEC on October 13, 2022)
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Incorporated by reference
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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Iris Energy Limited
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Date: November 3, 2022
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By:
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/s/ Daniel Roberts
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Daniel Roberts
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Co-Chief Executive Officer and Director
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Exhibit 99.1
Iris Energy Limited
Notice of 2022 Annual General Meeting and Explanatory Statement
Chair's Letter
3 November 2022
Dear Shareholder,
It is my pleasure to invite you to attend the 2022 Annual General Meeting of Iris Energy Limited (“Iris Energy” or the “Company”) ("AGM").
The AGM will be held at 3.30pm on Tuesday, 13 December 2022 (ET) / 7.30am on Wednesday, 14 December 2022 (AEDT), virtually.
AGM
In accordance with section 249R of the Corporations Act and rule 8.1 of the Constitution, the Board has determined to hold this year’s meeting as a virtual meeting via an online web link.
Please find enclosed the Notice of Meeting, Explanatory Statement and Proxy Card. This information can also be accessed online at www.proxyvote.com. If you do not intend to attend the Meeting, you are encouraged to complete and return your Proxy
Card in the envelope provided or vote by phone by dialling the number noted at the top of the Proxy Card and following the instructions. Alternatively, instructions on how to lodge your proxy online are in the enclosed Notice of Meeting, the Proxy
Card and at www.proxyvote.com.
Items of business
The items of business to be dealt with at the AGM are set out in the Notice of Meeting, and further information can be found in the Explanatory Statement, each accompanying this letter.
Please read these documents carefully to understand the resolution which Shareholders are being asked to approve at the AGM.
How to vote
We encourage Shareholders and proxy holders to participate in the AGM online, allowing them to listen to a live webcast, ask questions in writing and vote.
www.virtualshareholdermeeting.com/IREN2022
Information on how to log on, ask questions and vote online is set out in the attached Notice of Meeting.
As detailed in the Notice of Meeting and Explanatory Statement, in order to vote, you must either attend the AGM via the online web link or by lodging your proxy or direct vote prior to the AGM. If you vote by proxy, you must lodge your proxy no
later than 12 December 2022, 11.59pm (ET).
Please refer to the Notice of Meeting and Explanatory Statement for details of the matters which you are being asked to approve.
The directors of the Company unanimously recommend that you vote IN FAVOUR of the resolution being proposed at the AGM on which you are entitled to vote.
Your Board and management team look forward to welcoming you to the AGM.
Please contact me if you have any questions at AGM@irisenergy.co. Thank you for your continued support.
David Bartholomew
Independent Non-Executive Chair
Iris Energy Limited
Iris Energy Limited
ACN 629 842 799
("Company")
Notice of 2022 Annual General Meeting
("Notice of Meeting")
Notice is hereby given that the annual general meeting of the Company ("AGM") will be held at:
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Date & Time
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Tuesday, 13 December 2022 commencing at 3.30pm (ET)
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being, Wednesday, 14 December 2022 commencing at 7.30am (AEDT)
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Meeting link
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www.virtualshareholdermeeting.com/IREN2022
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To verify your shareholding, you will need to sign into the meeting using the unique control number mailed
to you on or around the date of this Notice of Meeting.
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The first purpose of the AGM is for Shareholders to receive and consider the Financial Report, the Directors' Report and the Auditor's Report for the Company for the financial year ended 30 June 2022.
Additionally, Shareholders will be able to vote on the Resolution set out below and described in the Explanatory Statement accompanying this Notice of Meeting ("Explanatory Statement").
The background to, and rationale for, the Resolution is summarised in the Explanatory Statement.
The Directors have determined that the persons eligible to vote at the AGM are those who are Shareholders of the Company at 5:00pm (ET) on 20 October 2022 and, in accordance
with Regulation 7.11.37 of the Corporations Regulations 2001 (Cth) (Australia), those who are registered Shareholders of the Company at 7:30am (AEDT) on 12 December 2022,
being 3:30pm (ET) on 11 December 2022. Accordingly, transfers registered after that time will be disregarded in determining entitlements to attend and vote at the AGM.
Capitalised terms have the meanings given in the 'Dictionary' section of the Explanatory Statement unless otherwise defined.
Ordinary business
Financial Reports
To receive and consider the Financial Report, the Directors' Report and the Auditor's Report for the year ended 30 June 2022.
Please note that this item does not require a formal resolution to be put to the AGM and so no vote will be held. However, Shareholders may ask questions on the matters contained in the reports. Shareholders will also
be able to ask questions of the Company’s auditors, who will attend the AGM.
Refer to the Explanatory Statement for further details on the Company's auditors and the differences between the Company's Financial Report, Directors' Report and Auditor's Report and the Company's Annual Report on
20-F, which includes the Company's annual financial statements that have been prepared and audited in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board.
Resolution 1 – Appointment of auditor
To consider and, if thought fit, to pass the following Resolution as an ordinary resolution:
'That, for the purposes of section 327B of the Australian Corporations Act 2001 ("Act") and for all other purposes under the Act, Moore Australia Audit NSW (ABN 35 234 663 278), having been nominated by a shareholder and consenting in writing to act in the capacity of auditor of the Company, be appointed as auditor of the
Company for the purposes of the Company's ASIC Audited Financial Statements and that the directors be authorised to fix the remuneration of the auditor.'
Technology and Virtual AGM
To provide additional flexibility for Shareholders, including in light of any ongoing disruption or health concerns regarding the COVID-19 pandemic and in accordance with section 249R of the Corporations Act and rule
8.1 of the Constitution, the Board has determined to broadcast the AGM virtually via a web link.
The Company will provide Shareholders with the opportunity to attend and participate in the virtual AGM through an online meeting platform, where Shareholders will be able to listen, submit written questions and vote
online. Further instructions for participating at the virtual AGM are set out below and in the Proxy Card. All Shareholders and proxy holders will have an equal opportunity to participate in the Meeting regardless of their physical location.
Shareholders and proxy holders will also be able to participate in the Meeting, including asking questions online through the Q&A feature of the online platform. If your relevant shareholding cannot be verified by
the moderator, you will be deemed to be attending the Meeting as a visitor and will not be able to submit questions.
Participating at the virtual AGM
Shareholders and proxy holders are encouraged to participate in the AGM online, allowing them to listen to a live webcast, ask questions in writing and vote.
Shareholders and proxy holders will be able to participate in the AGM online by visiting the Virtual Shareholder Meeting platform via the web link below, on a smartphone, tablet or computer.
www.virtualshareholdermeeting.com/IREN2022
The weblink will be available 15 minutes prior to the start of the AGM. Information on how to log on, ask questions and vote online are set out below.
Shareholders and proxy holders can log in to the AGM by entering the unique control number mailed to them on or around the date of this Notice of Meeting.
Attending the AGM online enables Shareholders to attend the AGM live and also ask written questions and cast votes at the appropriate times whilst the AGM is in progress.
Voting online
Once the polls are open, the Resolution and voting choices will appear. Shareholders and proxy holders can vote by clicking on one of the applicable voting options that will be displayed on the screen. Shareholders and
proxy holders can change their vote at any time before the Chair closes the polls.
Shareholders may also submit their votes online at www.proxyvote.com no later than 11.59pm (ET) on Monday, 12 December 2022.
Further details of how to submit your direct vote prior to the AGM is set out in the Proxy Card.
Ask a question online
In order to provide an equal opportunity for all Shareholders to ask questions of the Board (and the Company's auditors) at the AGM, Shareholders are invited to:
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(i)
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submit a written question prior to the Meeting by accessing the Q&A function at www.proxyvote.com; and/or
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(ii)
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submit a written question during the Meeting via the Q&A function in the Virtual Shareholder Meeting platform.
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Shareholders may also submit written questions by email at: AGM@irisenergy.co. The last day to submit questions before the AGM will be 11.59pm (ET) on Monday, 12 December 2022.
Questions may be moderated or amalgamated if there are multiple questions on the same topic. Your questions should relate to matters that are relevant to the business of the Meeting.
During the course of the Meeting, the Chair will seek to address as many Shareholder questions as reasonably practicable. However, there may not be sufficient time to answer all questions at the Meeting. Please note
that individual responses will not be sent to Shareholders.
Voting Information
Registered ownership and beneficial ownership
If your Shares are registered in your name with our transfer agent and share registry, Computershare Limited, then you are considered the "registered owner" for those Shares. If you are the registered owner of your
Shares then you have the right to vote your Shares by proxy or attorney, or to attend the AGM and vote via the Virtual Shareholder Meeting platform.
If you are a beneficial owner and do not provide your bank, broker or other nominee with voting instructions, under the rules of various national and regional securities exchanges, the bank, broker or other nominee may
generally vote on routine matters but cannot vote on non-routine matters (to the extent that there are non-routine matters). If the bank, broker or other nominee that holds your Shares votes on one or more matters, but does not receive instructions
from you on how to vote your Shares on one or more non- routine matters (to the extent that there are non-routine matters), the bank, broker or other nominee will inform the Company that it does not have the authority to vote on such non-routine
matters with respect to your Shares.
Entitlement to vote at the AGM
The Directors have determined that the persons eligible to vote at the AGM are those who are Shareholders of the Company at 5:00pm (ET) on 20 October 2022 and, in accordance
with Regulation 7.11.37 of the Corporations Regulations 2001 (Cth) (Australia), those who are registered Shareholders of the Company at 7:30am (AEDT) on 12 December 2022,
being 3.30pm (ET) on 11 December 2022. Accordingly, transfers registered after that time will be disregarded in determining entitlements to attend and vote at the AGM.
If you are not the registered owner of your Shares and you wish to vote at the AGM, please contact your bank, broker or other nominee for the procedures necessary to allow you to do so.
Voting by proxy
An eligible Shareholder can appoint a proxy or, where a Shareholder is entitled to two or more votes, the Shareholder may appoint two proxies. Where two proxies are appointed, a Shareholder may specify the number or
proportion of votes to be exercised by each proxy appointed. If no number or proportion of votes is specified, each proxy appointed will be taken to exercise half of that Shareholder’s votes (disregarding fractions).
An appointed proxy need not themselves be a Shareholder.
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(i)
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online: www.proxyvote.com;
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(ii)
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by mail: to Iris Energy Limited c/o Broadridge, 51 Mercedes Way, Edgewood, NY 11717; or
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(iii)
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by phone: by dialling 1-800-690-6903.
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You can direct your proxy how to vote by following the instructions on the Proxy Card. Shareholders are encouraged to direct their proxy how to vote on the Resolution.
If you wish to direct your proxy to vote on the Resolution in the manner recommended by the Board, then your Proxy Card should be completed as follows.
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For
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Against
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Abstain
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Annual General Meeting
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1 Appointment of Moore Australia as Auditor for the purposes of the Company's ASIC Audited Financial Statements (as defined in the Notice of Meeting).
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☒
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☐
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☐
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Voting generally
On a poll at an AGM, every Shareholder present at the AGM has one vote for each fully paid Share held by the Shareholder (subject to the rights of holders of B Class Shares) and in respect of which the Shareholder is
entitled to vote, and a proportional fraction of a vote for each partly paid Share held by the Shareholder and in respect of which the Shareholder is entitled to vote.
Where a person present at an AGM represents more than one Shareholder (whether personally, by proxy, attorney or, in the case of a corporate Shareholder, by corporate representative) the person is entitled to one vote
on a poll at the AGM for each fully paid Share the person represents (subject to the rights of holders of B Class Shares), and a proportional fraction of a vote for each partly paid Share the person represents.
Any directed proxies that are not voted on a poll at an AGM by a Shareholder's appointed proxy will automatically default to the Chair, who is required to vote proxies as directed on a poll at the AGM.
If the Chair is appointed as your proxy (or is appointed your proxy by default), they can be directed how to vote by ticking the relevant boxes next to each item on the Proxy Card (i.e., 'for', 'against' or 'abstain').
The Chair intends to vote all undirected proxies IN FAVOUR of the Resolution.
Quorum
The AGM will only proceed if a quorum is present. If a quorum is not present within 30 minutes after the time appointed for the AGM, the AGM will be adjourned.
A quorum for the AGM will consist of at least 2 Shareholders present (which must include each holder of a B Class Share from time to time, to the extent that such holder is entitled to vote on one or more Resolutions
at the AGM) and entitled to vote.
In determining whether a quorum is present, each individual attending as a corporate representative, proxy or attorney is to be counted, except that:
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•
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an individual attending in more than one capacity is to be counted only once; and
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if a Shareholder has appointed more than one corporate representative, proxy or attorney, only one is to be counted.
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This Explanatory Statement (including the Annexures to it) and the Notice of Meeting are important documents. They should be read carefully. If you have any questions regarding the matters set out in
this document, you should consult a professional adviser. This Explanatory Statement does not provide professional, legal, financial or tax advice. Capitalised terms used in this document which are not otherwise defined have the meanings given to
them in the Dictionary.
BACKGROUND
Shareholder approval is being sought for the appointment of Moore Australia as the auditor of the Company for the purposes of the Corporations Act.
Details of the above matter are set out in Section 2 of this Explanatory Statement.
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1.
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Financial Reports
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Background
Under section 317 of the Corporations Act, the Financial Report, Directors' Report and Audit Report of the Company in respect of the 2022 financial year will be laid before the Meeting.
The Financial Report contains the consolidated financial statements of the Company and its controlled entities as required to be prepared and lodged with ASIC in accordance with section 319 of the
Corporations Act. As such, the Financial Report and the consolidated financial statements included therein have been prepared and audited in accordance with the requirements of the Corporations Act.
The Company’s Financial Report is separate and distinct from the Company’s Annual Report on Form 20-F filed with the SEC on September 13, 2022, which includes the Company’s annual financial
statements that have been prepared and audited in accordance with International Financial Reporting Standards as Issued by the International Accounting Standards Board. The Company’s Financial Report and the consolidated financial statements included
therein are being presented to the Shareholders solely for the purposes of statutory compliance with the requirements of the Corporations Act.
This item does not require a formal resolution to be put to the AGM and so no vote will be held. However, Shareholders may ask questions on the matters contained in the reports. Shareholders will
also be able to ask questions of the Company’s auditor, who will attend the AGM.
The reports are available on the Company's website, https://investors.irisenergy.co/financial-information/annual-reports.
Shareholders are being provided with a reasonable opportunity to ask questions on these statements and reports ahead of the Meeting. Shareholders may address written questions to the Chair about the
management of the Company. All questions should be submitted to the Company in accordance with the instructions set out in the Notice of Meeting (under the heading "Participating at the virtual AGM").
The Chair of the Meeting will allow Shareholders to ask questions of Moore Australia or its representatives prior to the Meeting relevant to:
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(i)
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the conduct of the audit;
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(ii)
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the preparation and content of the Auditor’s Report;
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(iii)
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the accounting policies adopted by the Company in relation to the preparation of its ASIC Audited Financial Statements; and
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(iv)
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the independence of the auditor in relation to the conduct of the audit.
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2.
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Resolution 1 – Appointment of Moore Australia as auditor for purposes of the Corporations Act
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On or about 27 October 2022, in accordance with section 327A of the Corporations Act, the Company appointed Moore Australia as auditor of the Company for purposes of the Corporations Act.
Following this appointment, in accordance with section 327A(2) of the Corporations Act, Moore Australia holds office as auditor until the Company's next annual general meeting, being the Meeting the
subject of this Notice of Meeting.
In accordance with section 327B(1)(a) of the Corporations Act, the Company therefore now seeks Shareholder approval for the ongoing appointment of Moore Australia as auditor of the Company. In
accordance with section 328B of the Corporations Act, a notice in writing nominating Moore Australia as auditor has been given to the Company by a Shareholder. A copy of the notice is included in this Notice of Meeting at Annexure A.
The appointment of Moore Australia will be by vote of Shareholders as an ordinary resolution. Moore Australia has provided to the Company, and has not withdrawn its written consent to act as auditor
of the Company, in accordance with section 328A(1) of the Corporations Act.
The appointment of Moore Australia is solely for statutory reporting purposes under the Corporations Act. Such appointment is separate and distinct from the Company’s appointment of Armanino LLP, as
the Company’s independent registered public accountant for all purposes other than the Corporations Act and the ASIC Audited Financial Statements. For further information regarding the Company’s appointment of Armanino LLP as its auditor for all
purposes other than statutory reporting under the Corporations Act, please see the Company’s Annual Report on Form 20-F filed with the SEC on September 13, 2022, which report is available at www.sec.gov.
Recommendation of the Board
The directors of the Company unanimously recommend that you vote IN FAVOUR of this Resolution.
DICTIONARY
"AAS" means the Australian Accounting Standards.
"AGM" means the Company's 2022 Annual General Meeting.
"ASIC" means the Australian Securities and Investments Commission.
"ASIC Audited Financial Statements" means the statutory financial statements that must be audited by an ASIC-registered independent auditor, in accordance
with AAS, and lodged with ASIC as required under sections 292 and 296 of the Corporations Act and included in the Financial Report.
"B Class Share" means a B class share in the capital of the Company having the rights and restrictions set out in the Constitution.
"Board" means the board of directors of the Company.
"Chair" means the chair of the Board, or any other such person appointed by the directors or members of the Company in accordance with the Constitution.
"Company" means Iris Energy Limited ACN 629 842 799.
"Constitution" means the constitution of the Company from time to time.
"Corporations Act" means the Australian Corporations Act 2001 (Cth).
"Directors' Report" means the annual directors’ report prepared under Chapter 2M of the Corporations Act for the Company and its controlled entities.
"Explanatory Statement" has the meaning given in the Notice of Meeting.
"Financial Report" means the annual financial report prepared under Chapter 2M of the Corporations Act for the Company and its controlled entities.
"Meeting" means the AGM.
"Moore Australia" means Moore Australia Audit NSW (ABN 35 234 663 278).
"Notice of Meeting" means this Notice of the AGM.
"Ordinary Share" means an ordinary share in the capital of the Company.
"Proxy Card" means the proxy and voting form accompanying this Explanatory Statement.
"Resolution" means a resolution set out in the Notice of Meeting.
"Share" means an Ordinary Share or a B Class Share.
"Shareholder" means a holder of a Share.
"Virtual Shareholder Meeting" means the virtual shareholder meeting platform accessible at www.virtualshareholdermeeting.com/IREN2022.
Annexure A – Nomination of Moore Australia as auditor of the Company
25 October 2022
Iris Energy Limited
Level 12, 44 Market Street
Sydney NSW 2000
Nomination of Moore Australia Audit NSW as auditor of Iris Energy Limited for the purposes of the Corporations Act 2001 (Cth)
In accordance with section 328B of the Corporations Act 2001 (Cth), Bom Shin, on behalf of HSM Capital Pty Ltd TR Bjorca Trust, hereby nominates Moore Australia Audit NSW for appointment as Iris Energy Limited’s auditor at Iris Energy Limited’s
next Annual General Meeting (AGM) or any postponement or adjournment of that AGM.
Bom Shin
Director
On behalf of HSM Capital Pty Ltd TR Bjorca Trust
Shareholder
25 October 2022
Exhibit 99.2
Exhibit 99.3
