Orora Receives 'First Strike' Against Remuneration Report at Annual General Meeting
MT Newswires Live
Oct 15, 2025
Orora (ASX:ORA) received a "first strike" against its remuneration report, after it was approved at its annual general meeting with only 51.62% of the votes, with 48.38% of the shareholders voting against its adoption, according to a Wednesday Australian bourse filing.
Under Australian Corporate law, a shareholder vote of 25% or more against the remuneration report is considered a "first strike." A second strike occurs if the subsequent remuneration report also receives a vote of 25% or more against it. Upon a second strike, shareholders decide whether to hold a new meeting to elect new directors.
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