NagaCorp Ltd. has issued a notice convening its annual general meeting for 10:00 a.m. on 25 June 2026 at Chamber Theatre, 22/F United Centre, Hong Kong.
Key resolutions to be tabled:
1. Financial Statements and Dividend • Shareholders will vote on adopting the audited consolidated accounts for the year ended 31 December 2025. • A final dividend for the same period will be considered. Shares will trade ex-dividend from 30 June 2026, with the record date set for 3 July 2026.
2. Board Composition and Remuneration • Independent non-executive directors Mr. Leong Choong Wah and Mr. Michael Lai Kai Jin (in office for more than nine years) are standing for re-election. • The board seeks authority to set directors’ remuneration for the 2026 financial year. • BDO Limited is nominated for re-appointment as independent auditor, with fees to be fixed by the board.
3. Share Issuance Mandate • Directors seek a general mandate to allot, issue or deal with new shares up to 20% of the company’s issued share capital, excluding treasury shares, during the mandate period. • The mandate expressly restricts cash placements of convertible securities below the higher of (i) the closing price on the agreement date or (ii) the five-day average closing price.
4. Share Buy-Back Mandate • Authority is requested to repurchase up to 10% of issued shares (excluding treasury shares) on the Hong Kong Stock Exchange or other recognised markets, with the option to cancel or hold repurchased shares as treasury stock.
5. Mandate Extension • Conditional on the above mandates passing, the share-issue mandate may be extended by the number of shares repurchased, potentially adding a further 10% capacity.
6. New Share Option Scheme • Shareholders will vote on adopting a new share option scheme capped at 10% of the company’s issued share capital (excluding treasury shares) as of the AGM date, subject to Hong Kong Stock Exchange approval.
Administrative details:
• The share register will be closed from 22 June 2026 to 25 June 2026 (both days inclusive) for AGM attendance eligibility. • Proxy forms must be lodged with Computershare Hong Kong Investor Services Limited no later than 48 hours before the meeting. • No refreshments or corporate gifts will be provided at the venue.
By order of the board, Chairman Philip Lee Wai Tuck issued the notice on 29 April 2026.
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