Falcon Announces Results of Annual General Meeting

Executive Summary

• Falcon Energy Materials plc held its Annual General Meeting on June 18, 2026, where shareholders approved the election of all eight director nominees, appointed external auditors, and ratified the company's Amended and Restated Security Based Compensation Plans.
• The compensation plan amendments increase the total number of ordinary shares reserved for issuance under stock option, deferred share unit, and restricted share unit plans from 22,764,466 to 34,016,078, pending final TSX Venture Exchange approval.
• Shareholder turnout was 22.90% of issued and outstanding shares, with all governance resolutions passing with majority support.

Key Details

• Director Elections: All 8 nominees were elected for the ensuing year. Vote breakdown: Benoit LaSalle (88.60% For), Marc Filion (87.62% For), Yves Grou (99.95% For), Vincent Benoit (100% For), Emma LeSter (100% For), Matthieu Bos (100% For), Nikolaos Sofronis (100% For), Jeroen Westrik (78.52% For).
• Auditor Appointment: Pricewaterhouse Coopers LLP (Canada) and Grant Thornton Audit and Accounting Limited (ADGM) were approved as external auditors for the ensuing year, with directors authorized to fix their respective remuneration.
• Compensation Plan Approval: Shareholders passed an ordinary resolution to ratify the Amended and Restated Security Based Compensation Plans, increasing the combined share reserve from 22,764,466 to 34,016,078 across the Stock Option Plan, Deferred Share Unit Plan, and Restricted Share Unit Plan.
• Compensation Plan Voting: All three plans received identical voting results: 34,364,366 votes For (88.56%) and 4,440,344 votes Against (11.44%).
• Shareholder Participation: A total of 38,944,710 ordinary shares were represented in person or by proxy at the AGM, representing 22.90% of the Company’s issued and outstanding ordinary shares as of the record date.
• Regulatory Status: The amended compensation plans are subject to final approval by the TSX Venture Exchange, and the information circular disclosing the terms of the amendments has been filed on SEDAR+.