AUB Group Records First Strike on Remuneration Report at 12 November 2026 AGM

Aditi Sarkar

12 November 2026 11:27 AM AEDT

AUB Group Records First Strike on Remuneration Report at 12 November 2026 AGM

Image Source: Krish Capital Pty Ltd

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AUB Group Limited (ASX:AUB) has disclosed that more than 25% of votes cast on the adoption of its 2026 remuneration report were against the resolution at its Annual General Meeting held on 12 November 2026, constituting a 'first strike' under the Corporations Act 2001 (Cth).

Key Points

Resolution 1, the adoption of the 2026 remuneration report, was carried with 52.06% of votes in favour and 47.94% against, triggering a first strike under the Corporations Act 2001.
Resolution 2, the election of Gary Lennon as director, was carried with 97.66% of votes in favour.
Resolutions 3, 4 and 5, covering placement capacity refresh, renewal of proportional takeover approval provisions, and approval of financial assistance, were all carried with more than 99% of votes in favour.
All resolutions at the meeting were decided by way of a poll.

First Strike on 2026 Remuneration Report

At the AGM held on 12 November 2026, Resolution 1 — the adoption of the 2026 remuneration report — was carried but attracted 50,544,971 votes against out of a total poll of 106,163,016 votes cast, representing 47.94% of votes against. In accordance with ASX Listing Rule 3.13(2)(f), AUB advised that more than 25% of votes cast on Resolution 1 were against the resolution. Under the Corporations Act 2001 (Cth), this constitutes a 'first strike' against the company's remuneration report. A total of 722,139 votes were recorded as abstentions on this resolution.

Election of Gary Lennon as Director

Resolution 2, the election of Gary Lennon as a director, was carried with 104,356,367 votes in favour, representing 97.66% of votes cast in the poll. A total of 2,500,339 votes were cast against the resolution, equating to 2.34% of votes cast. There were 9,125 abstentions recorded. The resolution was decided by poll in line with all other resolutions put to shareholders at the meeting. The release of the AGM results was authorised by the AUB Board.

Placement Capacity, Takeover Provisions and Financial Assistance Resolutions

Three further resolutions were put to the meeting and each carried with strong support. Resolution 3, the placement capacity refresh relating to the prior issue of institutional placement shares, was carried with 99.84% of votes in favour. Resolution 4, renewal of proportional takeover approval provisions, was carried with 99.97% of votes in favour. Resolution 5, approval of financial assistance, was carried with 99.94% of votes in favour. Each of these resolutions attracted fewer than 140,000 votes against. Abstentions for these resolutions are not counted in determining required majority thresholds.

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