Citigold Corporation Shareholders Defeat All Six Resolutions at 6 November 2026 EGM

Sonal Goyal

06 November 2026 04:04 PM AEDT

Citigold Corporation Shareholders Defeat All Six Resolutions at 6 November 2026 EGM

Image Source: Krish Capital Pty Ltd

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Citigold Corporation Limited (ASX:CTO) has disclosed that all six resolutions put to shareholders at an Extraordinary General Meeting held on 6 November 2026 were defeated, including three director election resolutions and three director removal resolutions, with all votes decided by poll.

Key Points

All six resolutions at the 6 November 2026 EGM were defeated by poll vote.
Resolutions to elect Antony Sage, Timothy Turner, and Edward Jack as directors were each not carried, with approximately 52% of votes cast against each.
Resolutions to remove Mark Lynch, John Foley, and Dr Sibasis Acharya as directors were each not carried, with approximately 52% of votes cast against each.
Voting results were filed in accordance with section 251AA(2) of the Corporations Act 2001 and ASX Listing Rule 3.13.2.

Director Election Resolutions Defeated

Three resolutions proposing the election of new directors were each not carried at the meeting. The resolution to elect Mr Antony Sage recorded 1,003,657,609 votes for and 1,103,789,842 votes against, representing 47.62% and 52.38% of total votes cast respectively. The resolution to elect Mr Timothy Turner recorded 1,003,718,895 votes for and 1,103,728,556 against, equating to 47.63% and 52.37%. The resolution to elect Mr Edward Jack recorded 1,003,661,595 votes for and 1,103,785,856 against, representing 47.62% and 52.38% of votes cast.

Director Removal Resolutions Also Not Carried

Three resolutions seeking the removal of existing directors were also defeated. The resolution to remove Mr Mark Lynch recorded 1,001,543,373 votes for and 1,104,604,078 against, representing 47.55% and 52.45% respectively. The resolution to remove Mr John Foley recorded 1,001,499,673 votes for and 1,104,647,778 against, equating to 47.55% and 52.45%. The resolution to remove Dr Sibasis Acharya recorded 1,005,822,552 votes for and 1,099,984,686 against, representing 47.76% and 52.24% of total votes cast.

EGM Poll Conducted on 6 November 2026

The Extraordinary General Meeting was held on Friday, 6 November 2026. All resolutions were decided by poll, with MUFG Corporate Markets, a division of MUFG Pension & Market Services, administering the meeting system and producing the voting report. Abstentions were recorded across all resolutions, ranging from 10,000 votes for the director election resolutions to 1,650,213 votes for the resolution concerning Dr Sibasis Acharya. Abstain votes were not counted in determining whether the required majority was achieved, in accordance with the applicable note disclosed in the voting results. The release was authorised by Mark Lynch, Chairman.

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