Business
Result of EGM
Steppe Cement Limited announced that shareholders approved a special resolution for a capital repayment of approximately 1.5 pence per ordinary share, representing a total capital reduction of USD4,350,000 from USD65,399,924 to USD61,049,924, with 82% of votes cast in favour. The number of outstanding shares will remain at 219,000,000, and the capital repayment is expected to be completed by the end of 2025. Disclaimer*
About this update from Steppe Cement Ltd
[{"type":"text","content":"\n\n5 December 2025\n \n \nSteppe Cement Limited\n(\"Steppe Cement\" or the \"Company\")\n \nResult of EGM \n \n \nSteppe Cement Limited is pleased to announce the result of the EGM held earlier today.\n \nShareholders approved the Special Resolution for a capital repayment of approximately 1.5 pence per ordinary share of no par value each, effected by way of Capital Reduction pursuant to Section 53(9A) of the Labuan Companies act 1990 (the \"Capital Repayment\"), with 82% of votes cast in favour.\n \nThe share capital of the Company will be reduced from USD65,399,924 (divided into 219,000,000 Ordinary Shares) to USD61,049,924 (divided into 219,000,000 Ordinary Shares), and that such reduction be effected by the capital repayment of USD4,350,000, which will be paid in GBP, and is expected to represent a payment of approximately 1.5 pence per Ordinary Share to Entitled Shareholders at the Record Date.\n \nThe number of shares outstanding will remain the same at 219,000,000.\nThe Capital Repayment is expected to be completed by the end of 2025, with further announcements, including the Record Date, to be made in due course by the Company.\nTerms used in this announcement, but which are otherwise undefined shall have the same meanings as set out in the Circular announced and published on 14 November 2025.\nFor further information, please contact: \n \n \n \nSteppe Cement Limited www.steppecement.com\nJavier del Ser Pérez, Chief Executive Officer Tel: +(603) 2166 0361 \n \nStrand...