Unico Silver (USL) EGM 2025 summary

Opening remarks and agenda

• Quorum confirmed and meeting formally opened with directors and company secretary present.

• Notice of meeting and explanatory statement taken as read; agenda includes Q&A and voting on resolutions.

• Virtual meeting format allows shareholders to ask questions and vote directly.

Specific resolutions to be voted on

• Resolution 1: Ratification of prior issue of placement shares.

• Resolution 2: Adoption of Non-Executive Director remuneration pool.

Q&A with stakeholders

• Shareholders questioned the timing of seeking approval for a $22.5 million placement and potential for future placements.

• Concerns raised about lack of retail shareholder participation in placements and possible future SPP.

• Questions addressed regarding the use of three brokers and the 6% fee for the placement.

• Inquiry on the use of increased director fee cap to attract and retain independent directors.