Metallium Limited (ASX:MTM) has advised that all resolutions put to shareholders at its Annual General Meeting held on 10 November 2026 were passed, with the exception of Resolutions 4 and 10(e), which were withdrawn prior to the meeting. The company also disclosed it has received a 'first strike' under the Corporations Act 2001 after more than 25% of votes cast on the Remuneration Report resolution were recorded against adoption.

Key Points

  • All resolutions at the 10 November 2026 AGM were passed by way of poll, excluding Resolutions 4 and 10(e), which were withdrawn
  • Resolution 1, the Adoption of the Remuneration Report, received 41.71% of poll votes against, triggering a 'first strike' under the Corporations Act 2001
  • Ms Kellie Benda was elected as a director, receiving 89.22% of poll votes in favour
  • Mr John Hannaford was re-elected as a director, receiving 77.24% of poll votes in favour
  • Performance rights grants to the Managing Director and four non-executive directors were approved by shareholders

Remuneration Report Vote and First Strike

Resolution 1, covering the adoption of the Remuneration Report, was decided by poll. The poll results recorded 42,279,589 votes in favour, representing 58.29% of votes cast, and 30,256,410 votes against, representing 41.71%. Because 25% or more of votes cast were against the resolution, the company disclosed it has received a 'first strike' for the purposes of the Corporations Act 2001 (Cth). The resolution relating to approval of termination benefits under the new plan, Resolution 8, was carried with 59.45% of poll votes in favour.

Director Elections and Withdrawn Resolutions

Ms Kellie Benda's election as a director was carried with 110,835,019 votes in favour, equating to 89.22% of poll votes cast. Mr John Hannaford's re-election as a director was carried with 90,153,357 votes in favour, representing 77.24% of poll votes. Resolution 4, which concerned the election of Mr Josh Hawes as a director, was withdrawn before the meeting. Resolution 5, the appointment of the company's auditor, was carried with 96.17% of poll votes in favour.

Securities and Incentive Plan Approvals

Shareholders approved the Employee Securities Incentive Plan under Resolution 7, with 78.28% of poll votes in favour. Resolution 9, covering the approval to grant performance rights to the Managing Director, was carried with 81.41% of poll votes in favour. Grants of NED performance rights and NED options to Mr John Hannaford, Mr Anthony Hadley, Mr Paul Niardone, and Ms Kellie Benda were each approved under Resolutions 10(a) through 10(d). Resolution 10(e), relating to a grant to Mr Josh Hawes, was withdrawn. The increase in aggregate remuneration for non-executive directors under Resolution 6 was carried with 82.29% of poll votes in favour.