Pacific Resources Limited (ASX:PXR) has disclosed that all substantive resolutions put to shareholders at its Annual General Meeting held on Wednesday, 4 November 2026 were carried, with voting conducted entirely by way of poll.

Key Points

  • All resolutions at the AGM held on 4 November 2026 at 10:00am AEST were decided by poll.
  • Directors Ian Neilson, Daniel Chan, and Dr George Lam were each elected to the board.
  • The 10% placement facility was approved, receiving 97.94% of votes cast in favour.
  • The remuneration report was adopted with 93.51% of votes cast in favour, with no strike recorded.
  • The spill resolution was not put to the meeting.

Remuneration Report and Director Elections

The remuneration report was carried with 93.51% of votes cast in favour and 6.49% against, with no strike recorded. Three director election resolutions were also put to the meeting. Mr Ian Neilson's election was carried with 98.62% of votes cast in favour and 1.38% against. Mr Daniel Chan and Dr George Lam were each elected on identical results, with 96.64% of votes cast in favour and 3.36% against. Total votes cast in the poll for each director election exceeded 2.1 billion shares.

Approval of 10% Placement Facility

Shareholders approved the 10% placement facility under Resolution 5, with 97.94% of votes cast in favour and 2.06% against. A total of 2,134,716,836 votes were cast for the resolution, with 44,804,500 votes against and 610,000 votes abstaining. The resolution received proxy votes of 1,865,556,782 in favour, 44,804,500 against and 21,099,900 discretionary votes, prior to the close of proxies.

Spill Resolution Not Put to Meeting

Resolution 6, the spill resolution, was not put to the meeting. According to the results document, proxy votes recorded ahead of the meeting showed 72,455,000 votes in favour and 924,530,763 votes against the spill resolution, representing 7.21% and 92.03% of proxies respectively. The filing states that the spill resolution was conditionally included on the agenda and, as it was not required, it did not proceed to a poll at the meeting. The results were compiled by MUFG Corporate Markets, a division of MUFG Pension & Market Services.