Lycopodium Limited Passes All Seven Resolutions at 2026 Annual General Meeting

Mukul

12 November 2026 06:37 PM AEDT

Lycopodium Limited Passes All Seven Resolutions at 2026 Annual General Meeting

Image Source: Krish Capital Pty Ltd

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Lycopodium Limited (ASX:LYL) has confirmed that all seven resolutions put to shareholders at its 2026 Annual General Meeting, held on 12 November 2026, were carried, including the adoption of the remuneration report, director re-elections, and the issue of performance rights to named executives.

Key Points

All seven resolutions at the 2026 AGM held on 12 November 2026 were carried.
The remuneration report was adopted with 96.94% of votes cast in favour.
Performance rights were approved for Mr Karl Cicanese, Mr Peter De Leo, and Mr Bruno Ruggiero.
A resolution to increase the total aggregate remuneration for non-executive directors was carried with 80.27% of votes in favour.

Remuneration Report and Director Re-Elections

The adoption of the remuneration report received the strongest support of the seven resolutions, with 96.94% of votes cast in favour and 1.94% against. The re-election of director Mr Bruno Ruggiero was carried with 91.40% of votes in favour and 7.98% against. The re-election of director Mr Karl Cicanese was also carried, receiving 90.56% of votes in favour, with 8.82% opposed. Both re-election resolutions were ordinary resolutions and were declared carried following the poll conducted at the meeting.

Performance Rights Issued to Three Named Executives

Shareholders approved the issue of performance rights to three named individuals. The resolution relating to Mr Peter De Leo was carried with 80.25% of votes in favour and 18.58% against. The resolution for Mr Bruno Ruggiero was carried with 80.12% in favour and 18.62% against. The resolution for Mr Karl Cicanese was carried with 80.14% in favour and 18.68% against. All three resolutions were classified as ordinary resolutions. Abstentions were noted in each case but, in accordance with the reporting disclosure, votes cast by persons who abstain are not counted in calculating the required majority on a poll.

Non-Executive Director Remuneration Cap Increase Approved

The seventh and final resolution, seeking an increase in total aggregate remuneration for non-executive directors, was carried with 80.27% of votes in favour and 18.44% against. The resolution recorded 116,478 votes at the proxy's discretion and 20,194 abstentions. The results were disclosed in accordance with ASX Listing Rule 3.13.2 and section 251AA of the Corporations Act, and were authorised for release by Company Secretary Justine Campbell. The meeting was held on Thursday, 12 November 2026.

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