Edvantage Group proposes capital increase, constitutional amendments

Edvantage Group Holdings Limited has announced proposals to amend its Memorandum and Articles of Association and increase its authorized share capital. The proposed amendments to the constitutional documents aim to conform with revised Listing Rules from the Stock Exchange, effective February 10, 2025. These changes include provisions for virtual or hybrid general meetings, electronic voting, and clarifying board powers.

Furthermore, the company proposes to increase its authorized share capital from $15,000,000, divided into 1,500,000,000 shares, to $20,000,000, divided into 2,000,000,000 shares. This will be achieved by creating 500,000,000 additional shares, which will rank pari passu with existing shares upon issue and full payment. The increase is intended to prepare for the full utilization of share scheme mandates and provide flexibility for future corporate actions.

These proposals will be presented to shareholders for approval at the annual general meeting scheduled for January 26, 2026. A circular detailing these amendments and the capital increase will be dispatched to shareholders around December 31, 2025.