Ionic Rare Earths Limited (ASX:IXR) has advised that all resolutions put to shareholders at its Annual General Meeting held on 13 November 2026 were carried, though the vote on the Remuneration Report constituted a 'first strike' under section 250U of the Corporations Act 2001.

Key Points

  • All ten resolutions at the 13 November 2026 AGM were carried on a poll.
  • Resolution 1, the adoption of the Remuneration Report, received 70.19% of votes in favour and constitutes a 'first strike' under the Corporations Act 2001.
  • Mr James Rutherford was elected as a director, with 95.84% of votes cast in favour.
  • A special resolution to modify the Constitution regarding an AIM listing was carried with 96.97% of votes in favour.
  • Resolutions approving the issue of placement shares to named directors and officers were each carried, with votes in favour ranging from approximately 77% to 79%.

Remuneration Report Vote and First Strike

The adoption of the Remuneration Report, Resolution 1, was carried with 37,329,148 votes in favour, representing 70.19% of votes cast, and 15,330,829 votes against, representing 28.83%. A further 520,373 votes were at the proxy's discretion and 496,986 abstained. The company disclosed that the result constitutes a 'first strike' under section 250U of the Corporations Act 2001 (Cth). All resolutions at the meeting were conducted on a poll, in accordance with ASX Listing Rule 3.13.2 and section 251AA(2) of the Corporations Act 2001.

Director Election and Placement Share Approvals

Resolution 2, the election of Mr James Rutherford as a director, was carried with 95.84% of votes in favour, with 62,129,691 votes for and 2,177,801 against. Resolutions 4 through 8, covering the ratification of prior placement shares and approvals of placement share issues to Mr Brett Lynch, Mr Tim Harrison, Mr Max McGarvie, and Mr Sufian Ahmad respectively, were each carried, with votes in favour ranging from 77.08% to 80.41% on a per-resolution basis. Resolution 3, approving a 10% placement capacity as a special resolution, was carried with 82.25% of votes in favour.

Equity Incentive Plan and Constitution Modification

Resolution 9, seeking an increase in the maximum number of securities under the Equity Incentive Plan, was carried with 77.08% of votes in favour, with 47,171,206 votes for and 13,509,537 against. Resolution 10, a special resolution to modify the Constitution regarding an AIM listing, received the highest level of support at the meeting, with 96.97% of votes cast in favour, totalling 64,087,868 votes for and 1,482,061 against. The filing was lodged by Company Secretary Anshu Raghuvanshi.