Davis Commodities Limited Announces Extraordinary General Meeting to Consider Key Proposals

Davis Commodities Limited (NASDAQ: DTCK) has announced an Extraordinary General Meeting (EGM) scheduled for June 23, 2025, at 2:00 p.m. Singapore Time.

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Davis Commodities Limited (NASDAQ: DTCK) has announced an Extraordinary General Meeting (EGM) scheduled for June 23, 2025, at 2:00 p.m. Singapore Time. The meeting will address crucial proposals including the reclassification of ordinary shares into Class A and Class B shares, amendments to the company's memorandum and articles of association, and authorization for potential meeting adjournment. The Board of Directors has unanimously recommended shareholders vote in favor of all proposals. Shareholders of record as of May 12, 2025, can participate either in person or by proxy at the Genting Hotel Jurong location. The company views these structural changes as essential steps for sustainable growth and enhanced shareholder value.

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SINGAPORE, June 11, 2025 (GLOBE NEWSWIRE) -- Davis Commodities Limited (NASDAQ: DTCK) (the "Company" or "Davis Commodities") announced on June 11, 2025, that it will hold an Extraordinary General Meeting of Shareholders (the “EGM”) on June 23, 2025, at 2:00 p.m. Singapore Time. The meeting will take place at the Genting Ballroom 3, Level 1, Genting Hotel Jurong, 2 Town Hall Link, Singapore. The EGM aims to review and vote on several critical proposals that could significantly impact on the company’s capital structure and governance framework.

Key Items on the Agenda:

1. Reclassification and Redesignation of Shares: The proposal seeks approval to reclassify the company’s existing ordinary shares into Class A Ordinary Shares and Class B Ordinary Shares to optimize the equity structure and enhance corporate governance.
2. Amendment to the Memorandum and Articles of Association: This proposal recommends adopting the third amended and restated memorandum and articles of association to reflect the restructured share classes and their associated rights.
3. Authorization to Adjourn the Meeting: This proposal seeks to authorize the adjournment of the EGM, if necessary, to solicit additional proxies should there be insufficient votes to approve the aforementioned proposals.
   

The company’s Board of Directors has unanimously approved and recommended that shareholders vote in favor of all the proposals, emphasizing that they align with the best interests of the company and its shareholders.

Meeting Participation and Document Access
The record date for determining shareholder eligibility to attend and vote at the EGM is May 12, 2025. Shareholders of record as of the close of business on that date can either attend the meeting in person or appoint a proxy to vote on their behalf.

For detailed information about the EGM, including the complete Notice of Meeting, Proxy Form, and the draft of the amended memorandum and articles of association, shareholders are encouraged to visit the Company’s website or review the corresponding Form 6-K. These documents have been made available online starting June 11, 2025.

Company Statement
Davis Commodities Limited considers this EGM a significant step in the company’s growth journey. Through shareholder support, the company aims to implement structural changes that will drive sustainable growth and enhance shareholder value.

For more information, please visit the Company’s website: ir.daviscl.com.

For further inquiries, please contact:

Davis Commodities Limited
Investor Relations Department
Email: investors@daviscl.com

Celestia Investor Relations
Dave Leung
Email: investors@celestiair.com

FAQ

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When and where is Davis Commodities (DTCK) holding its Extraordinary General Meeting?

Davis Commodities is holding its EGM on June 23, 2025, at 2:00 p.m. Singapore Time at the Genting Ballroom 3, Level 1, Genting Hotel Jurong, Singapore.

What are the key proposals being voted on at Davis Commodities' (DTCK) EGM?

The key proposals include reclassification of ordinary shares into Class A and Class B shares, amendments to the memorandum and articles of association, and authorization for potential meeting adjournment.

What is the record date for Davis Commodities' (DTCK) EGM voting eligibility?

The record date for determining shareholder eligibility to attend and vote at the EGM is May 12, 2025.

How can shareholders participate in Davis Commodities' (DTCK) upcoming EGM?

Shareholders of record can either attend the meeting in person or appoint a proxy to vote on their behalf.

Where can shareholders find detailed information about Davis Commodities' (DTCK) EGM?

Detailed information including the Notice of Meeting, Proxy Form, and draft amendments are available on the company's website and Form 6-K, accessible since June 11, 2025.