Shareholders Re-elect Directors with ≥63% Support and Approve Toro Scheme at 92.89%
ISOU•Shareholders representing 63.05% of shares re-elected all six directors, with Mark Raguz receiving the lowest support at 63.4%, and reappointed KPMG as auditor with 99.97% approval. Toro Energy shareholders backed the takeover scheme with 92.89% support, pending Federal Court approval on June 15 with effectiveness expected June 16.
1. Shareholder Turnout and Director Elections
At the meeting, shareholders representing 63.05% of outstanding shares cast ballots to re-elect all six board nominees. Leigh Curyer led with 99.96% support while Mark Raguz secured the narrowest endorsement at 63.40%.
2. Auditor Reappointment
KPMG was reappointed as auditor until the next annual meeting, receiving 99.97% of votes in favor and only 0.03% withheld, ensuring continuity in financial oversight.
3. Toro Energy Transaction Update
Toro Energy shareholders approved the acquisition scheme with 92.89% of votes cast in favor on June 9. The transaction awaits Federal Court approval on June 15 and, if granted, is expected to take effect on June 16 with implementation by June 25.
