Shares of ANZ Group Rise After Receiving 'Second Strike' Against Remuneration Report, Spill Resolution Rejected

MT Newswires Live12-19

Shares of ANZ Group Holdings (ASX:ANZ, NZE:ANZ) rose around 1% in recent Friday trade after it said in a late Thursday filing that it received a "second strike" at its annual general meeting (AGM) on Thursday, but its shareholders rejected the conditional spill resolution.

Around 32.36% of the votes cast at the meeting were against the adoption of its remuneration report. The spill resolution was rejected by 97.73% of the votes, the filing said.

At least 25% of a firm's shareholders are required to vote against the remuneration report to trigger a strike. At next year's annual general meeting, if 25% or more of the 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.

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