Nexsen Limited Passes All Seven Resolutions at 9 November 2026 AGM

Aakashdeep

09 November 2026 06:10 PM AEDT

Nexsen Limited Passes All Seven Resolutions at 9 November 2026 AGM

Image Source: Krish Capital Pty Ltd

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Nexsen Limited (ASX:NXN), an emerging leader in rapid point-of-care diagnostics, disclosed that all seven resolutions put to shareholders at its Annual General Meeting held on 9 November 2026 were passed on a poll, including the election of two directors and approval of an additional 10% placement capacity.

Key Points

All seven resolutions were passed on a poll at the Annual General Meeting held on 9 November 2026.
Shekhar Kumta was elected as a Director, with 84.44% of poll votes cast in favour.
Grant Pestell was elected as a Director, receiving 100.00% of poll votes cast in favour.
A special resolution approving an additional 10% placement capacity was carried with 89.96% of poll votes in favour.
The non-binding resolution to adopt the Remuneration Report received 82.26% of poll votes in favour and 17.74% against.

Director Elections at the Annual General Meeting

Shareholders elected two directors at the meeting held on 9 November 2026. Shekhar Kumta was elected by ordinary resolution, with 91,622,986 votes, representing 84.44%, cast in favour and 16,881,650 votes, representing 15.56%, cast against, with 6,000,000 votes abstaining. Grant Pestell was elected by ordinary resolution with 95,622,986 votes, representing 100.00% of votes cast in favour, with no votes against and 18,881,650 abstentions recorded. Both resolutions were determined by poll in accordance with the company's disclosure.

Incentive Options and Ratification of Prior Issuances

Shareholders approved the issue of incentive options to Shekhar Kumta, with 91,706,103 votes, representing 88.94%, cast in favour and 11,398,533 votes, representing 11.06%, against, with 11,400,000 abstentions. A resolution to issue incentive options to Hong Kong employees was carried with 97,690,103 votes, or 85.32%, in favour and 16,804,533 votes, or 14.68%, against. A further ordinary resolution to ratify prior option issuances was carried with 97,596,294 votes, representing 85.24%, in favour and 16,895,650 votes, representing 14.76%, against.

Additional 10% Placement Capacity Approved

Shareholders passed a special resolution approving an additional 10% placement capacity, with 103,006,294 votes, representing 89.96%, cast in favour and 11,495,650 votes, representing 10.04%, cast against, with 2,692 abstentions recorded. The resolution results were disclosed in accordance with ASX Listing Rule 3.13.2 and Section 251AA of the Corporations Act. The meeting's proxy summary and poll results were attached to the company's filing as required under those provisions. The filing was authorised by the Board of Directors.

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