General Capital Annual Shareholders Meeting Results

General Capital Limited
Level 8, General Capital House,
115 Queen Street, Auckland CBD
PO Box 1314, Shortland Street,
Auckland, New Zealand. 1140.
Phone +64 9 304 0145

General Capital (GEN:NZX) Annual Shareholders Meeting Results

General Capital held its Annual Shareholder Meeting in Auckland at 3pm on 25 July 2025. At the meeting
shareholders were asked to vote on three resolutions which were unanimously supported by the Board.

As required by NZX Listing Rule 6.1, all voting was conducted by a poll. All resolutions that were put to
shareholders were passed by shareholders namely:
Resolution 1:
That the directors of the Company be authorised to fix the fees and expenses of the auditors of the
Company for the financial year ending 31 March 2026.
Resolution 2:
That Rewi Hamid Bugo, who retires at the Annual Meeting and is eligible for re-election, be elected as a
director of the Company.
Resolution 3:
That the maximum aggregate amount of remuneration payable by the Company to the Directors (in
their capacity as directors, as that term is defined in the NZX Listing Rules) be increased by 10% from
$600,000 to $660,000 per annum, plus GST (if any), to be paid and allocated among the Directors as
the Board from time to time deems appropriate and that any remuneration payable to such Directors
may, at the Board’s discretion, in whole or in part, be through an issue of Equity Securities (as that
term is defined in the NZX Listing Rules) of the Company.

Details of the total number of votes cast in person or by a proxy holder are:

Resolution For Against Abstain Total
That the directors of the
Company be authorised to fix the
fees and expenses of the auditors
of the Company for the financial
year ending 31 March 2026.
67,709,267 18,410 188,594 67,727,677
That Rewi Hamid Bugo, who retires
at the Annual Meeting and is
eligible for re-election, be elected
as a director of the Company.
67,716,147 21,416 178,708 67,737,563
That the maximum aggregate
amount of remuneration payable
by the Company to the Directors
(in their capacity as directors, as
that term is defined in the NZX
Listing Rules) be increased by
10% from $600,000 to $660,000
per annum, plus GST (if any), to
be paid and allocated among the
Directors as the Board from time
to time deems appropriate and
that any remuneration payable to
such Directors may, at the
Board’s discretion, in whole or in
25,464,321 330,383 42,121,567 25,794704

part, be through an issue of
Equity Securities (as that term is
defined in the NZX Listing Rules)
of the Company.
ENDS
This announcement has been authorised by Brent King, Managing Director, General Capital Limited.
For further Information please contact

Brent King
Managing Director
General Capital Ltd.
Brent.King@GenCap.co.nz
021-632-660
28 July 2025