ST Group Food Industries Holdings Limited Annual General Meeting 2025: Resolutions, Results, and Key Decisions

Declaration of Final Dividend:
A final tax-exempt (one-tier) dividend of A\$0.001 per share (net of applicable Australian corporate tax) was approved. This payout may attract investor attention as it reflects both profitability and management’s commitment to shareholder returns.

Re-election of Directors:

Mr Yee Boon Yip (Independent Director, Audit, Remuneration, and Nominating Committees)
Mr Chan Wee Kiang (Lead Independent Director, Chairman of Remuneration Committee, member of Audit and Nominating Committees)
Mr Saw Tatt Ghee (CEO and Executive Director)

The continuity of experienced leadership is crucial for ongoing stability and strategic direction.

Director’s Fees for FY2026:
Approval was given for a total directors’ fee of S\$108,864, to be paid quarterly in arrears. This reflects prudent corporate governance and aligns compensation with market standards.

Re-appointment of Auditors:
Baker Tilly TFW LLP was re-appointed as the Company’s auditor, ensuring continuity in financial oversight and audit integrity.

Authority to Allot and Issue Shares:
The AGM granted directors broad authority to allot and issue shares under Section 161 of the Companies Act and Rule 806 of the Catalist Rules. This includes the ability to issue up to 100% of the Company’s share capital, with 50% allowed on a non-pro-rata basis. This resolution is potentially price-sensitive as it gives the Board flexibility for strategic fundraising, mergers and acquisitions, or other capital market activities.

Performance Share Plan:
Directors were empowered to grant awards and issue shares under the ST Group Performance Share Plan, up to 15% of issued share capital. This could impact share dilution and aligns management incentives with company performance, a factor investors should monitor closely.

Renewal of Share Buyback Mandate:
The Company is authorized to buy back up to 10% of its issued shares, at prices not exceeding 105% of the average closing price over the last five market days. This is a potentially price-moving resolution, as buybacks can improve share liquidity, support the share price, and signal management’s confidence in the Company’s value. A shareholder suggested issuing bonus shares to further enhance liquidity, which the Board agreed to review internally.

Ratification of Disposal of Shares in Indirect Subsidiaries:
Shareholders ratified the disposal by GCTea Ltd (an indirect subsidiary) of shares in GCTea Outlets Ltd, GCTea Outlets 2 Ltd, and GCTea DKJV Ltd to Lam Kei Kwan. This action may be of interest to investors tracking changes in the Company’s group structure and strategic focus.

ST Group Food Industries Holdings Limited Annual General Meeting 2025: Resolutions, Results, and Key Decisions

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