Energy Resources of Australia (ASX:ERA) inadvertently breached ASX Listing Rule 10.19 by paying $1.9M in termination benefits last year to two former senior executives, Alan Tietzel and Forrest Egerton, without obtaining shareholder approval.

The uranium producer says the breach occurred due to its negative equity at the time of the payments.

Energy Resources Australia says it does not plan to recover the payments nor anticipate providing termination benefits to officers in the foreseeable future, as none of its current officers are employees of the company.

The company's share price closed down 5% today.