General Capital to hold annual meeting July 25, 2025

General Capital (NZX:GEN) has announced its Annual Meeting of Shareholders will be held on Friday, July 25, 2025, at the Hyundai Marine Sports Centre in Auckland. Key agenda items include the consideration of the annual report, the re-election of director Rewi Hamid Bugo, and a resolution to increase the directors' fee pool by 10%, from NZD 600,000 to NZD 660,000 per annum, plus GST (if any). The Board justifies this proposed increase due to substantial asset growth since 2022, with total consolidated assets increasing from approximately NZD 103 million to NZD 218 million as of March 31, 2025. Shareholders of record as of 5:00 pm on Wednesday, July 23, 2025, are eligible to vote. The Board recommends shareholders vote in favor of all resolutions.