MELCO INT'L DEV Schedules 8 Jun 2026 Virtual AGM; Seeks 20% Share Issue and 10% Buy-back Mandates, Re-elects Four Directors

Bulletin Express04-28 22:43

MELCO INT'L DEV (00200) has issued a circular convening its annual general meeting for 11:00 a.m. on 8 June 2026. The meeting will be conducted entirely online via the Vistra eVoting Portal, with portal access opening at 10:30 a.m. that day. Shareholders may submit proxy forms until 11:00 a.m. on 5 June 2026. The share register will be closed from 3 June to 8 June 2026, inclusive, with the record date for voting set at 8 June 2026.

Key resolutions to be tabled include:

1. Financial Statements: Adoption of the audited financial statements and reports for the year ended 31 December 2025.

2. Board Composition: Re-election of four directors—Executive Directors Mr Lawrence Yau Lung Ho (Chairman & CEO) and Mr Geoffrey Stuart Davis (CFO), plus Independent Non-executive Directors Ms Karuna Evelyne Shinsho and Mr Henry Ko Chun Fung.

3. Share Capital Authorities: • Issue Mandate—authorising the Board to allot and issue up to 20% of the issued share capital. Based on the 2,275,025,632 shares outstanding as at the latest practicable date, the mandate cap equals approximately 455.01 million shares. • Repurchase Mandate—authorising on-market buy-backs of up to 10% of issued shares, equivalent to about 227.50 million shares. The mandates will run until the earlier of the next AGM, the statutory deadline for holding that AGM, or their revocation by shareholders. The company states it has no current plans to exercise either authority.

Funding for any repurchase would come from distributable profits, and the Board will ensure compliance with Hong Kong regulations, the Takeovers Code and the Listing Rules, maintaining at least 25% public float. Concerted parties associated with Chairman Mr Lawrence Ho currently hold 61.38% of shares; full use of the buy-back mandate would increase their stake to 68.20%.

Shareholders may attend, vote and submit questions online, or dial in via a designated facility. Non-registered shareholders must arrange proxy or corporate representative status through their intermediaries to obtain login credentials.

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