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Results of 2025 Annual General Meeting
Southern Palladium Limited
Incorporated in the Commonwealth of Australia
Australian Company Number 646 391 899
ASX share code: SPD
JSE share code: SDL
ISIN AU0000220808
("Southern Palladium" or "the Company")
Results of 2025 Annual General Meeting
Southern Palladium Limited (ASX Code: SPD and JSE Code: SDL) confirms that each of the
resolutions considered at its Annual General Meeting held earlier today were carried.
Poll details are attached.
Authorised by the Company Secretary.
For further information, please contact:
Johan Odendaal
Managing Director
Southern Palladium
Phone: +27 82 557 6088
Email: johan.odendaal@southernpalladium.com
28 November 2025
JSE Sponsor
Merchantec Capital
Media & investor relations inquiries: Sam Jacobs, Six Degrees Investor Relations: +61 423 755 909
Follow @SouthernPalladium on Twitter
Follow Southern Palladium on LinkedIn
Southern Palladium Limited
Annual General Meeting
Friday, 28 November 2025
Results of Meeting
The following information is provided in accordance with section 251AA(2) of the Corporations Act 2001 (Cth) and ASX Listing Rule 3.13.2.
Resolution details Instructions given to validly appointed proxies Number of votes cast on the poll Resolution
(as at proxy close) (where applicable) Result
Resolution Proxy's Carried /
Resolution For Against Abstain For Against Abstain*
Type Discretion Not Carried
27,777,923 50,000 866,686 3,050 28,644,609 50,000 3,050 Carried
1 Remuneration Report Ordinary
96.81% 0.17% 3.02% 99.83% 0.17%
38,550,000 2,979,398 1,993,696 21,900 40,699,973 2,979,398 21,900 Carried
2 Re-elect Mr Robert Thomson as a Director of the Company Ordinary
88.57% 6.85% 4.58% 93.18% 6.82%
27,757,923 70,000 866,686 3,050 28,624,609 70,000 3,050 Carried
3 Approval of Issues of Equity Securities under Equity Incentive Plan Ordinary
96.74% 0.24% 3.02% 99.76% 0.24%
4 Proposed Issue of Performance Rights under the Equity Incentive Plan 27,777,923 50,000 866,686 3,050 28,644,609 50,000 3,050 Carried
Ordinary
to Mr Roger Baxter (Executive Chairman) 96.81% 0.17% 3.02% 99.83% 0.17%
5 Proposed Issue of Performance Rights under the Equity Incentive Plan 27,757,923 70,000 866,686 3,050 28,624,609 70,000 3,050 Carried
Ordinary
to Mr Johan Odendaal (Managing Director) 96.74% 0.24% 3.02% 99.76% 0.24%
6 Proposed Issue of Zero Exercise Price Options under the Equity 20,049,204 7,778,719 866,686 3,050 20,915,890 7,778,719 3,050 Carried
Ordinary
Incentive Plan to Mr Mike Stirzaker (Non-Executive Director) 69.87% 27.11% 3.02% 72.89% 27.11%
7 Proposed Issue of Zero Exercise Price Options under the Equity 20,049,204 7,778,719 866,686 3,050 20,915,890 7,778,719 3,050 Carried
Ordinary
Incentive Plan to Mr Robert Thomson (Non-Executive Director) 69.87% 27.11% 3.02% 72.89% 27.11%
8 Proposed Issue of Zero Exercise Price Options under the Equity 20,049,204 7,778,719 866,686 3,050 20,915,890 7,778,719 3,050 Carried
Ordinary
Incentive Plan to Mr Daniel van Heerden (Non-Executive Director) 69.87% 27.11% 3.02% 72.89% 27.11%
9 Proposed Issue of Zero Exercise Price Options under the Equity 20,049,204 7,778,719 866,686 3,050 20,915,890 7,778,719 3,050 Carried
Ordinary
Incentive Plan to Ms Lindi Nkosi-Thomas (Non-Executive Director) 69.87% 27.11% 3.02% 72.89% 27.11%
39,365,973 30,000 1,127,010 182,440 40,649,260 30,000 182,440 Carried
10 Ratification of issue of Placement Shares under the Placement Ordinary
97.15% 0.07% 2.78% 99.93% 0.07%
41,498,248 30,000 1,993,696 23,050 43,648,221 30,000 23,050 Carried
11 Approve of extra 10% Placement Facility Special
95.35% 0.07% 4.58% 99.93% 0.07%
Not Applicable
12 Approve a Change of Name to Southern Platinum Limited Special Resolution withdrawn Resolution withdrawn
41,218,548 50,000 1,993,696 282,750 43,368,521 50,000 282,750 Carried
13 Approval of Conditional Placement Ordinary
95.27% 0.12% 4.61% 99.88% 0.12%
* Votes cast by a person who abstains on an item are not counted in calculating the required majority on a poll.
Resolution(s) proposed but not put to the meeting
Resolution Reason for not putting the resolution to the meeting
12 Approve a Change of Name to Southern Platinum Limited Resolution was not put to the meeting due to feedback from major shareholders, the Board has decided to withdraw the resolution.
1/1
Date: 28-11-2025 10:50:00
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