Seafarms Group shareholders deliver first strike on remuneration report

Seafarms Group Limited announced the results of its annual general meeting held on November 25, 2025, where shareholders voted on several key resolutions. The remuneration report resolution was not carried, with 69.25% of votes cast against it on the poll. This constitutes a "first strike" for the purposes of the Corporations Act 2001 (Cth), as more than 25% of votes were cast against the resolution.

Despite the rejection of the remuneration report, shareholders approved the re-election of director Mr. Rodney Dyer, with 66.30% of votes cast in favour. However, the resolution for additional capacity to issue securities also failed to pass, receiving 66.00% of votes against it.

The meeting results indicate a notable level of shareholder dissent regarding executive compensation and the company's approach to issuing new securities. For further information, shareholders can contact Mr. Harley Whitcombe, company secretary, or John Fergusson for media and investor inquiries.