Astron Limited AGM Passes All Resolutions but Remuneration Report Receives First Strike

Shwetambri Chauhan

10 November 2026 04:48 PM AEDT

Astron Limited AGM Passes All Resolutions but Remuneration Report Receives First Strike

Image Source: Krish Capital Pty Ltd

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Astron Limited (ASX:ATR) held its 2026 Annual General Meeting on 10 November 2026, with all eight resolutions carried, though the adoption of the Remuneration Report recorded a first strike after more than 25% of votes were cast against it, as disclosed in the company's filing lodged with ASX.

Key Points

All eight resolutions put to the 2026 AGM were carried.
The Remuneration Report resolution received a first strike, with 30.37% of poll votes cast against it, representing 11 shareholders and 3.1% of total shares on issue.
Directors Catherine Costello and Marcelo Bastos were re-elected with approximately 94.64% and 94.65% of poll votes in favour, respectively.
Performance rights issues to Catherine Costello and Marcelo Bastos were each approved with approximately 93.97% of poll votes in favour.
The resolution to issue up to a further 10% of the company's equity securities over a 12-month period under ASX Listing Rule 7.1A was carried as a special resolution with 94.56% of poll votes in favour.

First Strike on Remuneration Report

The adoption of the Remuneration Report, Resolution 3, was carried but attracted a first strike under the Corporations Act 2001 (Cth) after more than 25% of votes were cast against it. According to the filing, 11 shareholders voted against the resolution, representing 30.37% of the total votes cast on the poll. Those shareholders represented 3.1% of the total shares on issue at the date of the AGM. On a proxy basis, 30.38% of proxies were cast against the resolution, with 68.86% in favour.

Director Re-elections and Performance Rights Approvals

Resolutions for the re-election of Catherine Costello and Marcelo Bastos as directors were both carried. On the poll, 94.64% of votes were cast in favour of Costello's re-election and 94.65% in favour of Bastos's re-election. Resolutions to issue performance rights to each director were also carried, with 93.97% of poll votes supporting the grant to Costello and 93.97% supporting the grant to Bastos. The filing did not disclose the specific number or terms of the performance rights issued.

Additional Resolutions: Securities Ratification and Equity Issue Authority

Shareholders also approved the ratification of a prior issue of securities, with 94.55% of poll votes cast in favour. Resolution 8, authorising the issue of up to a further 10% of the company's equity securities over a 12-month period pursuant to ASX Listing Rule 7.1A, was passed as a special resolution with 94.56% of poll votes in favour. Resolution 6, covering the aggregate remuneration of directors, was carried with 66.95% of poll votes in favour, against 33.05% opposed. The filing was authorised for lodgement by Managing Director Joshua Theunissen, in his capacity as Company Secretary.

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