Genesis Minerals (ASX:GMD) disclosed that all resolutions put to shareholders at its Annual General Meeting held on 12 November 2026 were passed on a poll, with the exception of Resolution 23, the election of non-board endorsed director candidate Stephen Mayne, which was not carried.

Key Points

  • All resolutions at the 12 November 2026 AGM were carried on a poll except Resolution 23 — Stephen Mayne's election as a director, which received 0.45% of votes in favour and 99.55% against.
  • Four director re-elections were carried: Raleigh Finlayson (99.50% for), Anthony Kiernan AM (99.62% for), Michael Bowen (93.78% for), and Gerard Kaczmarek (95.35% for).
  • The 2026 Equity Incentive Plan and Tax Exempt Share Plan were both adopted, receiving 98.75% and 99.90% of votes in favour respectively.
  • A resolution to increase Non-Executive Director fees was carried with 99.40% of votes in favour.
  • Resolutions 6, 7, 8, 14, 15, 16, 17a, 17b, 17c and 14 were withdrawn prior to the meeting.

Director Re-Elections and Board Composition

Shareholders voted to re-elect four directors at the AGM. Raleigh Finlayson was re-elected with 99.50% of poll votes in favour, while Anthony Kiernan AM received 99.62% support. Michael Bowen was re-elected with 93.78% of votes in favour and Gerard Kaczmarek with 95.35%. All four resolutions were decided by poll. NED Share Rights issues to Anthony Kiernan AM, Gerard Kaczmarek, and Jacqueline Murray were also carried, each receiving approximately 99.67% to 99.68% of votes in favour according to poll results.

Equity Plans and Performance Rights Approved

Shareholders approved the adoption of the 2026 Equity Incentive Plan with 98.75% of poll votes in favour and the Tax Exempt Share Plan with 99.90% support. The issue of FY27 3-Year Incentive Performance Rights to Raleigh Finlayson was carried with 98.86% of votes in favour, and the same class of performance rights to Duncan Coutts was carried with 98.86% support. Financial assistance resolutions relating to Magnetic and Vault were both carried, each receiving approximately 99.96% of votes in favour on the poll.

Stephen Mayne Nomination Not Carried at November AGM

Resolution 23, concerning the election of non-board endorsed director candidate Stephen Mayne, was not carried. According to the poll results, 4,132,563 votes, representing 0.45% of votes cast, were recorded in favour, while 914,300,905 votes, representing 99.55%, were recorded against. The resolution to increase Non-Executive Director fees under Resolution 22 was carried with 99.40% of poll votes in favour and 0.60% against. The filing states it was approved for release by Joanne Steer, Joint Company Secretary of Genesis Minerals Limited.