Jeez that was close!Resolution 1 - Directors Remuneration made...

Jeez that was close!

Resolution 1 - Directors Remuneration made it by 1.68%
23.32% of shareholders voted AGAINST.

The 'first-strike' occurs where the Remuneration Report receives a ‘no’ vote of 25% or more at the AGM. If this happens, the company’s next subsequent Remuneration Report must explain whether and the extent to which shareholders’ concerns have been taken into account.

The 'second-strike' occurs if the company’s subsequent Remuneration Report receives a ‘no’ vote of 25% or more. If this happens, the shareholders will vote at the Page 1 of 3 same AGM whether the directors will need to stand for re-election within 90 days (‘spill resolution’). Directors and key management personnel and their ‘closely related parties’ (i.e., controlled entities, spouse, children, etc) will not be allowed to vote on this resolution. If the resolution is passed with 50% or more of votes, then a 'spill meeting' must take place within 90 days.