Imugene Shareholders Reject Spill Resolution After Second Strike at Annual General Meeting, Shares Fall 6%

MT Newswires Live

2025/11/13

Imugene (ASX:IMU) faced a second strike at its annual general meeting on Thursday after 30.33% of the votes cast at the poll opposed its remuneration report, according to a same-day Australian bourse filing.

However, the board's spill meeting resolution was rejected, with 84.95% of the votes cast against it.

Over 25% of a firm's shareholders are required to vote against its remuneration report to trigger the first strike. At the next year's annual general meeting, if over 25% of its shareholders again vote against the remuneration report, the company receives a strike, and its shareholders are required to immediately vote on whether to hold a spill meeting to replace the board.

The firm's shares fell 6% in recent trading on Thursday.

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