Highlights

  • EVT held its Annual General Meeting on 23 October 2026.
  • All resolutions were passed and decided by poll.
  • More than 25% of votes cast were against the 2026 Remuneration Report.
  • The vote constitutes a first strike under the Corporations Act.

EVT Limited (ASX:EVT), the entertainment, ventures and travel group, has released the results of its Annual General Meeting held on 23 October 2026. The company confirmed that all resolutions put to the meeting were passed and decided by way of a poll. However, more than 25% of the votes cast on resolution 2, the adoption of the 2026 Remuneration Report, were against the resolution, which constitutes a first strike for the purposes of the Corporations Act 2001 (Cth).

Meeting Outcome

EVT released the results in accordance with ASX Listing Rule 3.13.2 and section 251AA of the Corporations Act, with the detailed voting results set out in a document attached to the announcement. Although every resolution passed, the vote on the Remuneration Report was the key point of note from the meeting.

The announcement was authorised for release by Company Secretary Madelaine Nott.

What a First Strike Means

Under the Corporations Act, a ‘strike’ occurs when 25% or more of the votes cast on a listed company’s remuneration report resolution are against its adoption. The vote on the report is advisory and does not by itself change remuneration arrangements.

If a company receives a second strike at the following year’s AGM, shareholders must vote on a ‘spill resolution’. If that resolution passes, a further meeting must be held at which directors, other than the managing director, would need to stand for re-election.

Looking Ahead

The first strike signals that a notable share of voting shareholders did not support EVT’s 2026 remuneration framework. Companies receiving a first strike typically explain in their next remuneration report how shareholder concerns have been considered.

EVT’s approach to remuneration ahead of its 2027 AGM will therefore be closely watched by shareholders, given the potential for a spill resolution if a second strike were to occur.

Key Takeaways

EVT shareholders approved all resolutions at the 2026 AGM, but the vote against the Remuneration Report exceeded the 25% threshold, resulting in a first strike. While the vote has no immediate effect on the Board, it raises the stakes for next year’s remuneration vote. How the company responds to shareholder feedback in its 2027 remuneration report is the key item to watch.