Lovisa shareholders reject remuneration report, triggering first strike

Lovisa Holdings Limited announced the results of its 2025 annual general meeting held on November 21, 2025. A key outcome was the rejection of the 2025 remuneration report (item 2), with 76.74% of votes cast against it, constituting a first strike under the Corporations Act 2001 (Cth). Only 23.26% of votes were cast in favor of the report.

Despite the rejection of the remuneration report, all other proposed resolutions, including the election and re-election of directors and the approval of the grant of securities to Mr. John Cheston, were passed. Specifically, resolutions 3(a), 3(b), 3(c), and 4 received the required majority of votes in favor.

The voting results indicate that while director elections and a securities grant received strong shareholder support, the company's executive compensation structure faced significant opposition. This announcement was authorized by Chris Lauder, chief financial officer and company secretary.