Invictus Energy Ltd has confirmed that all nine resolutions presented at its Annual General Meeting on November 27, 2025 were approved by shareholders.
All voting was conducted by poll, with detailed results provided in the meeting documents.
Resolution 1, the adoption of the Remuneration Report, passed with 87.13% of votes in favour and 12.87% against. Resolution 2, confirming the re-election of Non-Executive Deputy Chairman Joseph Mutizwa, also sailed through with 93.05% support.
Shareholders further endorsed Resolution 3, authorising the issuance of up to 7,575,000 Managing Director Incentive Securities to Scott Macmillan.
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The motion passed with 83.95% backing. Resolution 4, a special resolution approving a 10% Placement Facility under Listing Rule 7.1A, received 90.23% support.
Invictus also secured approval to issue up to 398,368,131 Strategic Placement Shares to Al Mansour Holdings under Resolution 5, which attracted 91.24% support. Resolution 6, authorising the issuance of up to 100,092,641 Finders’ Fee Shares, was carried with 87.17% in favour.
Under Resolution 7, shareholders re-approved the company’s Employee Securities Incentive Plan, with 76.77% voting in favour. Resolution 8, covering potential termination benefits for individuals in managerial or executive roles under the plan, passed with 84.63% support.
The final motion, Resolution 9, a special resolution to reinstate proportional takeover bid approval provisions in the company’s constitution for another three years, received strong backing at 97.14%.
Invictus Energy, listed on the ASX, OTCQB and VFEX, is developing the Mukuyu gas discovery in Zimbabwe’s Cabora Bassa Basin.
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