Deterra Royalties announces 2025 AGM details, executive pay, and board re-elections

Deterra Royalties Limited will hold its 2025 annual general meeting (AGM) on Thursday, 23 October 2025, in Perth, Western Australia. Shareholders will consider the adoption of the remuneration report for the financial period ended 30 June 2025, with the board recommending a vote in favor of Resolution 1.

Executive remuneration for managing director and chief executive officer, Julian Andrews, for FY26 will include a 1% increase to total fixed remuneration (TFR) from 1 July 2025, resulting in a TFR of $909,000. Maximum short-term incentive (STI) is 40% of TFR ($363,600), and maximum long-term incentive (LTI) is 100% of TFR ($909,000), totaling a maximum remuneration of $2,181,600. Shareholders will also vote on Resolution 5, seeking approval for the grant of 236,608 LTI rights to Andrews for FY26 without payment for these securities.

Resolutions 2, 3, and 4 concern the re-election of Graeme Devlin and the election of Leanne Heywood and Alexander Morrison as directors, respectively. All three individuals are offering themselves for re-election or election, with the board recommending shareholders vote in favor of these resolutions.

Finally, Resolution 6 proposes the renewal of proportional takeover provisions in the company’s constitution for a period of three years. This special resolution, if passed, will enable shareholders to vote on proportional takeover offers, providing a mechanism to prevent potential coercion. The board recommends voting in favor of this resolution.