Recce Receives 'First Strike' Against Remuneration Report; Shares Up 3%

MT Newswires Live

2025/11/05

Recce Pharmaceuticals (ASX:RCE) received its "first strike" against its remuneration report during its annual general meeting on Wednesday.

Of the total number of votes cast, over 19% of the votes were in favor of the executive pay report, while nearly 81% were against it, a same-day filing with the Australian bourse showed.

More than 25% of shareholders' votes cast against a remuneration report resolution makes a "strike," according to the Corporations Act of 2001.

Shares of the company were up nearly 3% in recent Wednesday trade.

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