Dexus Withdraws Key Resolution from Annual General Meeting

Dexus Finance Pty Limited, listed as DXS on the ASX, has announced the withdrawal of Resolution 2 from its forthcoming Annual General Meeting scheduled for October 30, 2024. This resolution pertained to the FY25 grant of long-term incentive options for the CEO. The decision followed discussions with proxy advisors and investors, where concerns about the design of the long-term incentive plan were raised despite general support for an options-based scheme. Consequently, any votes related to Resolution 2 will be disregarded, and security holders need not take any further action.

The company's board remains committed to addressing other significant matters on the agenda during the meeting. Dexus emphasizes its dedication to clear communication with its investors and to resolving any issues pertaining to shareholder interests. The decision highlights the firm's responsiveness to investor feedback and commitment to corporate governance standards.