Celsius Resources Adds Related Party Placement Options Resolutions to 2026 AGM Agenda

Aditi Sarkar

10 November 2026 12:56 PM AEDT

Celsius Resources Adds Related Party Placement Options Resolutions to 2026 AGM Agenda

Image Source: Krish Capital Pty Ltd

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Celsius Resources Limited (ASX:CLA) has issued an addendum to its 2026 Annual General Meeting notice, adding two new resolutions seeking shareholder approval to issue up to 875,000 Related Party Placement Options to Managing Director Bardin Davis and director Neil Grimes, with the meeting scheduled for 26 November 2026.

Key Points

Celsius Resources has amended its Notice of Meeting to add Resolution 8(a) and Resolution 8(b) covering the issue of Related Party Placement Options
Up to 625,000 Related Party Placement Options are proposed for Managing Director Bardin Davis and up to 250,000 for Neil Grimes
The 2026 AGM will be held at Suite 9, 110 Hay Street Subiaco WA 6008 and virtually via Microsoft Teams on 26 November 2026 at 4:00pm AWST
Proxy voting instructions must be received by 4:00pm AWST on Tuesday, 24 November 2026, being no later than 48 hours before the meeting commences

Addendum to 2026 Annual General Meeting Notice

Celsius Resources Limited disclosed on 10 November 2026 that it has amended the Notice of Annual General Meeting and Explanatory Memorandum that was previously announced on 23 October 2026. The amendment adds Resolution 8(a) and Resolution 8(b) to seek shareholder approval to issue Related Party Placement Options. According to the filing, approval for the issue of these options was obtained at the 9 September 2026 Extraordinary General Meeting; however, that approval has since lapsed with the passing of time, requiring fresh shareholder approval to be sought at the upcoming AGM.

Terms of the Proposed Related Party Placement Options

The additional resolutions, to be considered as separate ordinary resolutions, seek approval pursuant to ASX Listing Rule 10.11 for the issue of up to 875,000 Related Party Placement Options in total. Specifically, Resolution 8(a) covers the issue of up to 625,000 Related Party Placement Options to Mr Bardin Davis or his nominee, and Resolution 8(b) covers the issue of up to 250,000 Related Party Placement Options to Mr Neil Grimes or his nominee. Voting exclusions apply to both resolutions, with the company to disregard votes cast in favour by the respective recipients, their nominees, and associates, as well as any person who would obtain a material benefit as a result of the proposed issue.

Replacement Proxy Form and Voting Arrangements

A Replacement Proxy Form has been made available alongside the Addendum, superseding the Proxy Form attached to the original Notice. Shareholders who have already submitted a proxy vote and wish to have their votes counted on Resolution 8(a) and Resolution 8(b) must use the Replacement Proxy Form to vote on all resolutions. Any previously submitted proxy form will be disregarded if a Replacement Proxy Form is subsequently provided. Shareholders who have already voted and do not wish to change their vote or vote on the new resolutions are not required to take any action, as their previously submitted proxy remains valid. The addendum was authorised for release by Managing Director Bardin Davis.

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