Sovereign Metals shareholders back directors but remuneration report gets 'first strike'

Sovereign Metals Limited held its annual general meeting today, November 19, 2025, where all resolutions were decided by way of poll. The outcomes included the re-election of director Benjamin Stoikovich and director Ian Middlemas, both carried with substantial majorities of 76% of votes cast for each.

The ratification of placement shares under Listing Rule 7.1 was overwhelmingly approved, with 99% of votes cast in favor. However, the remuneration report received a "first strike" as per Section 250U of the Corporations Act 2001, with more than 25% of votes cast against the resolution, specifically 43% (17,621,479 votes) against compared to 57% (22,974,142 votes) for.

For the re-election of Mr. Stoikovich, 62,483,842 votes were for and 19,751,297 against. Mr. Middlemas's re-election also saw 62,483,842 votes for and 19,751,297 against. The placement shares resolution passed with 81,705,659 votes for and 539,480 against.