Simplex Mills Company Ltd — Important, 07-05-2026: Company Update

Simplex Mills Company Limited shareholders have approved a special resolution at an Extra Ordinary General Meeting to sell, transfer, or otherwise dispose of the land associated with the company's closed textile plant. Out of 24,940 total votes polled, 21,361 votes (85.65%) were cast in favor, while 3,579 votes (14.35%) were against the proposal. This decision allows the company to move forward with the disposal of a non-operational asset, potentially unlocking value for stakeholders.