Sims Limited shareholders approve all AGM resolutions, Mikkelsen receives performance rights

Sims Limited (ASX:SGM) confirmed today that all resolutions presented at its Annual General Meeting (AGM) on November 21, 2025, were approved by way of poll. Key re-elections included Mr. Philip Bainbridge, Mr. Shinichiro Omachi, and Mr. Russell Rinn as directors. Additionally, the remuneration report was adopted, and participation in the company's Long Term Incentive Plan by Mr. Mikkelsen was approved. Resolutions concerning an advisory vote on climate strategy, the reinsertion of proportional takeover provisions, and an amendment to the constitution also passed.

In a related announcement, director Stephen Mikkelsen received an issue of 189,504 Performance Rights under the Sims Metal Management Long Term Incentive Plan on November 21, 2025. These rights comprise 63,168 TSR Performance Rights, 63,168 Productivity Performance Rights, and 63,168 Return on Invested Capital Performance Rights. The acquisition was non-cash.

Prior to this change, Mr. Mikkelsen held 4,600 ordinary shares and 343,307 performance rights directly, along with 156,914 ordinary shares indirectly. Following the issue, his direct holdings now include 4,600 ordinary shares and 532,811 performance rights, while his indirect holding of 156,914 ordinary shares remains unchanged. These indirect shares include those subject to holding periods until August 31, 2026, and August 31, 2027.