BCI Minerals seeks shareholder approval for executive incentives

BCI Minerals Limited is calling its annual general meeting for November 21, 2025, in Perth, Western Australia. Shareholders will vote on several key resolutions, including the adoption of the remuneration report for the year ended June 30, 2025, and the re-election of Gabrielle Bell as a director. The board noted Bell's appointment on January 18, 2023, and her role as AustralianSuper's nominee director.

A significant focus of the meeting will be seeking shareholder approval for the Share Rights Plan and Performance Rights Plan, including potential termination benefits. The company proposes to grant up to 1,803,765 share rights and up to 2,823,787 performance rights to David Boshoff, a director, under these plans. Boshoff's current total annual remuneration package is up to A$2,914,944, comprising fixed annual remuneration of A$896,906, with short-term and long-term incentives also including share rights and performance rights.

The share rights and performance rights are valued at an estimated A$0.328 and A$0.234 per right, respectively, based on a share price of A$0.345 as of August 21, 2025. These plans aim to align executive performance with company goals and retain key talent, ensuring cost-effective incentives for eligible employees.