Results of Allied Farmers Limited Annual Meeting

Meeting Results Announcement

20 November 2024

Results of Allied Farmers Limited Annual Shareholder Meeting

At
Allied Farmers Limited’s shareholder meeting, held online today, shareholders were asked to vote on
4 resolutions, which were supported by the Board.

As required by NZX Listing Rule 6.1, all voting was conducted by a poll.

The resolutions passed by shareholders were:

• That the Directors be authorised to fix the fees and expenses of the Company’s auditor, RSM
Hayes Audit, for the ensuing year.
• That approval be given for the issue of 144,032 performance rights during the financial year
ending 30 June 2025, and the issue of ordinary shares on the vesting and exercise of those
performance rights, to Richard Milsom under the rules of the Company’s Long Term Incentive
Plan.
• That approval be given for the issue of such number of performance rights during the financial
year ending 30 June 2026 equivalent to 0.5% of the Company’s total number of ordinary shares
on issue as at 1 July 2025, and the issue of ordinary shares on the vesting and exercise of those
performance rights, to Richard Milsom under the rules of the Company’s Long Term Incentive
Plan.
• That approval be given for the issue of such number of performance rights during the financial
year ending 30 June 2027 equivalent to 0.5% of the Company’s total number of ordinary shares
on issue as at 1 July 2026, and the issue of ordinary shares on the vesting and exercise of those
performance rights, to Richard Milsom under the rules of the Company’s Long Term Incentive
Plan.

Details of the total number of votes cast in person or by a proxy holder are:
Resolution For Against Abstain
That the Directors be authorised to fix the
fees and expenses of the Company’s
auditor, RSM Hayes Audit, for the ensuing
year.
10,841,093
98.05%
215,218
1.95%
238
That approval be given for the issue of
144,032 performance rights during the
financial year ending 30 June 2025, and
the issue of ordinary shares on the vesting
and exercise of those performance rights,
to Richard Milsom under the rules of the
Company’s Long Term Incentive Plan.
6,368,861
91.89%
561,797
8.11%
28,891
That approval be given for the issue of
such number of performance rights during
the financial year ending 30 June 2026
equivalent to 0.5% of the Company’s total
number of ordinary shares on issue as at
1 July 2025, and the issue of ordinary
6,361,190
91.78%
569,464
8.22%
28,895

shares on the vesting and exercise of
those performance rights, to Richard
Milsom under the rules of the Company’s
Long Term Incentive Plan.
That approval be given for the issue of
such number of performance rights during
the financial year ending 30 June 2027
equivalent to 0.5% of the Company’s total
number of ordinary shares on issue as at
1 July 2026, and the issue of ordinary
shares on the vesting and exercise of
those performance rights, to Richard
Milsom under the rules of the Company’s
Long Term Incentive Plan.
6,360,755
91.79%
569,244
8.21%
29,550

Ross O’Neill
Company Secretary