Lion Selection Group Withdraws and Replaces AGM Resolution on Performance Rights for Managing Director Hedley Widdup

Sonal Goyal

09 November 2026 03:33 PM AEDT

Lion Selection Group Withdraws and Replaces AGM Resolution on Performance Rights for Managing Director Hedley Widdup

Image Source: Krish Capital Pty Ltd

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Lion Selection Group Limited (ASX:LSX) has issued an addendum to its 2026 Annual General Meeting notice, withdrawing Resolution 3 relating to the issue of Long Term Incentive Performance Rights to related party Hedley Widdup, and introducing a replacement Resolution 4 seeking shareholder approval for the grant of performance rights to Mr Widdup in his capacity as Managing Director under the company's Long Term Incentive Plan.

Key Points

Lion Selection Group has withdrawn Resolution 3 (Issue of Long Term Incentive Performance Rights to Related Party – Hedley Widdup) from its AGM notice dated 30 October 2026.
A replacement Resolution 4 (Approval for the grant of Performance Rights to Managing Director under the Long Term Incentive Plan) has been introduced on substantially the same terms.
The AGM remains scheduled for Thursday, 3 December 2026 at 2.00pm AEDT at Valhalla, Basement, 477 Collins Street, Melbourne, with no change to the date, time or venue.
A replacement proxy form has been issued; shareholders who have already submitted a proxy form and do not wish to change their vote or vote on Resolution 4 do not need to take any action.

Withdrawal and Replacement of AGM Resolution 3

According to the filing dated 9 November 2026, the company has withdrawn Resolution 3 from the original notice of meeting, which concerned the issue of Long Term Incentive Performance Rights to related party Hedley Widdup. In its place, the company has introduced Resolution 4, seeking shareholder approval for the grant of performance rights to Mr Widdup as Managing Director under the Long Term Incentive Plan. The filing states the withdrawal of Resolution 3 has no impact on the remaining resolutions or other matters referred to in the original notice, and will not affect the validity of proxy votes already submitted in relation to those resolutions.

Replacement Proxy Form and Shareholder Instructions

The addendum includes a replacement proxy form for shareholders wishing to vote on the new Resolution 4 or to change their proxy vote on existing resolutions. Shareholders who have already returned the previous proxy form and do not wish to vote on Resolution 4 or change their existing proxy votes are not required to take any further action, as the previously submitted proxy form remains valid. Shareholders who have not yet submitted a proxy form and wish to vote on all resolutions, including Resolution 4, are directed to complete and return the replacement proxy form in accordance with the instructions provided. Any replacement proxy form submitted will supersede a previously submitted proxy form.

Distribution of the Supplementary Notice

The company disclosed that, in accordance with section 110D of the Corporations Act 2001 (Cth), the supplementary notice is being made available to shareholders by electronic means. The company stated it will not be despatching physical copies of the supplementary notice unless a shareholder has elected to receive documents in hard copy. The addendum is supplemental to, and should be read in conjunction with, the original notice of meeting and accompanying explanatory memorandum dated 30 October 2026. The filing was signed by Company Secretary Jane Rose.

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