On 25 June 2026, NagaCorp Ltd. held its Annual General Meeting in Hong Kong, where all eight ordinary resolutions were approved by poll, confirming wide shareholder support across governance, capital management and remuneration matters.
The meeting covered the entire issued share base of 4.42 billion shares, with no treasury stock outstanding. No shareholders were required to abstain, and none declared an intention to vote against any proposal in advance.
Key outcomes:
• 2025 Financials and Dividend – The audited consolidated financial statements and directors’ and auditor’s reports for the year ended 31 December 2025 were adopted with 100.00% of votes cast (3.18 billion shares). A final dividend for the year was simultaneously approved by the same margin.
• Board Composition – Independent non-executive directors Mr Leong Choong Wah and Mr Michael Lai Kai Jin were re-elected with 99.99% and 99.42% support, respectively.
• Remuneration and Auditor – The Board was authorised to set directors’ remuneration for 2026 (99.81% approval). BDO Limited was re-appointed as independent auditor with 98.27% support, and its fees will be fixed by the Board.
• Capital Authorities – Shareholders granted: – A general mandate to issue new shares (or transfer treasury shares) up to 20% of issued capital, backed by 97.73% of votes. – A buy-back mandate covering up to 10% of issued shares, which passed with 100.00% support. – An extension of the issue mandate to include repurchased shares, endorsed by 97.78% of votes.
• Incentive Alignment – A new share option scheme designed to support long-term employee and director incentives was adopted with 98.11% approval.
Computershare Hong Kong Investor Services Limited acted as scrutineer. Executive director Mr Philip Lee Wai Tuck chaired the meeting, joined by one non-executive and two independent non-executive directors.
With every resolution passed by well over the required majority, NagaCorp enters the 2026 financial year with renewed governance mandates, an approved dividend and refreshed equity-based incentive capacity.
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