WiseTech Global Receives 'First Strike' Against Remuneration Report; Shares Rise 3%

MT Newswires Live

2025/11/21

WiseTech Global (ASX:WTC) received a "first strike" at its annual general meeting on Friday, with 49.5% of the votes cast against its remuneration report, according to a same-day Australian bourse filing.

At least 25% of a firm's shareholders are required to vote against its remuneration report to trigger a strike. At next year's annual general meeting, if 25% or more of its shareholders again vote against the report, the company will receive a second strike, and its shareholders are required to immediately vote on whether to hold a spill meeting to replace the board.

The company's shares rose 3% in recent trading on Friday.

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