Stimulus Investments shareholder meetings approve key resolutions

Stimulus Investments Limited (NSX: SILP) announced the successful outcome of its special general meetings of ordinary and preference shareholders held on April 16, 2025. Shareholders unanimously approved resolutions related to the 2011 Preference Share terms, including an extension of the redemption date to February 27, 2032, or an earlier date determined by the directors. Furthermore, they approved amending the Hurdle Rate to be based on the Namibian GC32 Bond yield instead of the GC27 Bond. Another key resolution approved the deduction of proceeds from the disposal of investments to increase stakes in existing portfolio companies, subject to reinvestment within 12 months. Finally, shareholders agreed to amend the management fee structure, reducing it from 2.0% to 1.8% of N$707,707,312 and adjusting it annually based on the NCPI inflation rate, not exceeding 1.8% of the latest asset value as determined by independent valuators. All resolutions passed with 100% support from attending members, either in person or by proxy.