COSOL Limited 2026 AGM: Remuneration Report and Placement Capacity Fail, Three Resolutions Carried

Aditi Sarkar

12 November 2026 01:03 PM AEDT

COSOL Limited 2026 AGM: Remuneration Report and Placement Capacity Fail, Three Resolutions Carried

Image Source: Krish Capital Pty Ltd

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COSOL Limited (ASX:COS) held its 2026 Annual General Meeting in Brisbane on 12 November 2026, with shareholders voting on seven resolutions by way of poll, resulting in three resolutions failing to carry, including the adoption of the remuneration report and approval of an additional 10% placement capacity.

Key Points

The adoption of the remuneration report was not carried, receiving 40.94% of votes in favour and 59.06% against in the final poll, triggering a strike.
The resolution to approve an additional 10% placement capacity was not carried, with 67.84% in favour and 32.16% against.
The resolution on non-executive directors' remuneration was not carried, receiving 39.27% in favour and 60.73% against.
The re-election of director Stephen Johnston was carried with 87.13% of votes in favour.
The removal and appointment of auditor resolutions were both carried, with the appointment resolution receiving 99.88% of votes in favour.

Resolutions Not Carried at the 2026 AGM

Three resolutions failed to achieve the required majority at COSOL's 2026 AGM. The adoption of the remuneration report was not carried, with 25,596,045 votes in favour and 36,929,999 votes against in the final poll. The resolution triggered a strike, as indicated in the filing. The approval of an additional 10% placement capacity also failed, with 81,980,641 votes in favour and 38,869,849 against. The resolution regarding non-executive directors' remuneration was not carried, receiving 26,196,496 votes in favour against 40,509,844 votes against.

Re-Election of Director Stephen Johnston and Employee Incentive Plan

The re-election of director Stephen Johnston was carried, with 104,249,023 votes in favour and 15,405,296 votes against, representing 87.13% support in the final poll. The approval of the Employee Incentive Plan was also carried, receiving 54,079,814 votes in favour and 7,515,480 votes against, equating to 87.80% support. A total of 3,003,543 votes were recorded as abstentions for the Employee Incentive Plan resolution, and 6,930,208 discretionary proxy votes were applied to this and other resolutions.

Auditor Removal and Appointment Resolutions

Shareholders voted to remove the existing auditor, with the resolution carried on 93.96% of votes in favour, representing 113,454,120 votes for and 7,294,658 against in the final poll. The resolution for the appointment of a new auditor was also carried, receiving 120,685,921 votes in favour and 143,647 against, equating to 99.88% support. All resolutions at the meeting were decided by way of a poll, as disclosed in the filing. The meeting was held on Thursday, 12 November 2026, in Brisbane, with results produced by MUFG Corporate Markets.

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