ASX: IVZ I OTCQB:IVCTF I VFEX:INV
27 November 2025
RESULTS OF THE ANNUAL GENERAL MEETING
Invictus Energy Ltd (ASX:IVZ) ("Invictus" or "the Company") confirms that all resolutions at the Company's Annual General Meeting held on 27 November 2025 were approved. All voting was conducted by poll.
Please refer to Annexure A for the results of the poll.
-END-
This announcement was approved for release by the Board.
Questions and enquiries
INVESTORS
Scott Macmillan
Managing Director
P. +61 (08) 6102 5055
E. info@invictusenergy.com
MEDIA
Josh Nyman
SPOKE.
P. +61 413 243 440
E. josh@hellospoke.com.au
About Invictus Energy Ltd (ASX:IVZ I OTCQB:IVCTF I VFEX:INV)
Invictus Energy Ltd is an independent upstream oil and gas company listed on the Australian Securities Exchange (ASX:IVZ). The Company is headquartered in Perth, Australia and has offices in Harare, Zimbabwe. Invictus has
made a significant gas discovery at the Mukuyu field in the Cabora Bassa Basin in northern Zimbabwe - one of the last untested large frontier rift basins in onshore Africa - through a high impact exploration programme which it continues to develop and mature. Invictus Energy is committed to operating in a safe, ethical and responsible manner, respecting the environment, our staff, contractors and the communities in which we work.
ABOUT INVICTUS ENERGY
Invictus Energy Ltd is an independent oil and gas exploration company
focused on high impact energy resources in sub-Saharan Africa. Our asset portfolio consists of a highly prospective 360,000 hectares within the Cabora Bassa Basin in Zimbabwe. SG 4571 and EPOs 1848/49 contain the newly discovered Mukuyu gas field and multiple Basin Margin prospects.
BOARD
John Bentley
Non-Executive Chairman
Gabriel Chiappini
Non-Executive Director C Company Secretary
Scott Macmillan
Managing Director
Robin Sutherland Non-Executive Director
Joe Mutizwa
Non-Executive C Deputy Chairman
INVICTUS ENERGY LTD | (ASX:IVZ) SHAREHOLDER GENERAL MEETING 27 November 2025Resolution 1 - Remuneration Report
"That, the Remuneration Report be adopted by Shareholders, on the terms and conditions in
the Explanatory Memorandum.'
Proxies ReceivedProxies | For | Open | Against | Abstain |
Resolution 1 | 174,523,737 86.48% | 2,028,197 1.01% | 25,245,555 12.51% | 1,274,444 |
Poll Results
Proxies | For | Against | Abstain | Carried/Not Carried |
Resolution 1 | 176,727,934 87.13% | 26,115,555 12.87% | 1,274,444 | Carried |
'That, Mr Joseph Mutizwa, who retires by rotation in accordance with clause 15.2(a) of the Constitution, Listing Rule 14.4 and for all other purposes and, being eligible and offering himself for re-election, is re-elected as a Director, on the terms and conditions in the Explanatory Memorandum.'
Proxies ReceivedProxies | For | Open | Against | Abstain |
Resolution 2 | 263,188,514 92.32% | 2,038,197 0.71% | 19,879,495 6.97% | 1,016,604 |
Poll Results
Proxies | For | Against | Abstain | Carried/Not Carried |
Resolution 2 | 266,272,711 93.05% | 19,879,495 6.95% | 1,016,604 | Carried |
"That, pursuant to and in accordance with Listing Rule 10.11 and for all other purposes,
Shareholders approve the issue of up to 7,575,000 MD Incentive Securities to Mr Scott
Macmillan (or his nominee/s), on the terms and conditions in the Explanatory Memorandum."
Proxies ReceivedProxies | For | Open | Against | Abstain |
Resolution 3 | 177,948,161 83.33% | 2,038,197 0.95% | 33,569,044 15.72% | 72,567,408 |
Poll Results
Proxies | For | Against | Abstain | Carried/Not Carried |
Resolution 3 | 180,162,358 83.95% | 34,439,044 16.05% | 72,567,408 | Carried |
"That, pursuant to and in accordance with Listing Rule 7.1A and for all other purposes, Shareholders approve the issue of Equity Securities totalling up to 10% of the issued capital of the Company at the time of issue, calculated in accordance with the formula prescribed in Listing Rule 7.1A.2 and on the terms and conditions in the Explanatory Memorandum."
Proxies ReceivedProxies | For | Open | Against | Abstain |
Resolution 4 | 255,998,412 89.75% | 2,154,070 0.75% | 27,115,764 9.50% | 854,564 |
Poll Results
Proxies | For | Against | Abstain | Carried/Not Carried |
Resolution 4 | 258,328,482 90.23% | 27,985,764 9.77% | 854,564 | Carried |
"That, pursuant to and in accordance with Listing Rule 7.1 and for all other purposes, Shareholders approve the issue of up to 398,368,131 Strategic Placement Shares to Al Mansour Holdings (or its nominee/s), on the terms and conditions in the Explanatory Memorandum.'
Proxies ReceivedProxies | For | Open | Against | Abstain |
Resolution 5 | 257,844,562 90.50% | 2,038,197 0.71% | 25,065,270 8.79% | 1,174,781 |
Poll Results
Proxies | For | Against | Abstain | Carried/Not Carried |
Resolution 5 | 260,928,759 91.24% | 25,065,270 8.76% | 1,174,781 | Carried |
"That, pursuant to and in accordance with Listing Rule 7.1 and for all other purposes,
Shareholders approve the issue of up to 100,092,641 Finders' Fee Shares to the Finders (or their respective nominee/s), on the terms and conditions in the Explanatory Memorandum."
Proxies ReceivedProxies | For | Open | Against | Abstain |
Resolution 6 | 242,273,937 86.75% | 2,028,197 0.73% | 34,958,320 12.52% | 6,862,356 |
Poll Results
Proxies | For | Against | Abstain | Carried/Not Carried |
Resolution 6 | 244,358,134 87.17% | 35,958,320 12.83% | 6,862,356 | Carried |
"That, pursuant to and in accordance with exception 13(b) of Listing Rule 7.2 and for all other purposes, Shareholders re-approve the employee securities incentive plan of the Company known as the "Invictus Energy Limited Employee Securities Incentive Plan" (Plan) and the issue of up to 318,000,000 Securities under the Plan on the terms and conditions in the Explanatory Memorandum.'
Proxies ReceivedProxies | For | Open | Against | Abstain |
Resolution 7 | 151,215,010 76.13% | 2,058,197 1.03% | 45,388,950 22.84% | 4,409,776 |
Proxies | For | Against | Abstain | Carried/Not Carried |
Resolution 7 | 153,319,207 76.77% | 46,388,950 23.23% | 4,409,776 | Carried |
Poll Results
Resolution 8 - Approval of potential termination benefits under the Plan"That, for a period commencing from the date this Resolution is passed and ending upon the expiry of all Securities issued or to be issued under the Plan, the giving of benefits to any current or future person holding a managerial or executive office of the Company or a related body corporate in connection with that person ceasing to hold such office is given under and Notice of Annual General Meeting (Invictus Energy Limited) Page 3
for the purposes of Part 2D of the Corporations Act, on the terms and conditions in the
Explanatory Memorandum.'
Proxies receivedProxies | For | Open | Against | Abstain |
Resolution 8 | 168,135,732 83.96% | 2,038,197 1.02% | 30,074,457 15.02% | 2,823,547 |
Poll Results
Proxies | For | Against | Abstain | Carried/Not Carried |
Resolution 8 | 170,349,929 84.63% | 30,944,457 15.37% | 2,823,547 | Carried |
"That, the modification of the Company's Constitution to re-insert the proportional takeover bid approval provisions contained in clause 37 of the Constitution for a period of three years from the date of approval of this Resolution is approved under and for the purposes of sections
648G(4) and 136(2) of the Corporations Act and for all other purposes.'
Proxies ReceivedProxies | For | Open | Against | Abstain |
Resolution 9 | 273,909,674 96.41% | 2,038,197 0.72% | 8,145,631 2.87% | 2,029,308 |
Proxies | For | Against | Abstain | Carried/Not Carried |
Resolution 9 | 276,993,871 97.14% | 8,145,631 2.86% | 2,029,308 | Carried |
Poll Results