Gyftr Ltd Shareholders Approve Memorandum of Association Alteration

Shareholder Approval for MOA Update

Gyftr Limited announced today that its shareholders have overwhelmingly approved a change to the company's Memorandum of Association (MOA) through a postal ballot.

The special resolution, designed to remove specific object clauses from the MOA, received strong backing with 88.16% of the valid votes cast in favour. A total of 61,496 valid votes were cast for this resolution. The voting period for shareholders ran from March 28, 2026, to April 26, 2026, with March 20, 2026, set as the record date. The company reported zero invalid votes.

Significance of the MOA Change

This shareholder endorsement is a crucial step, empowering Gyftr Ltd to formally update its foundational constitutional document. By deleting certain object clauses, the company aims to streamline its MOA. This ensures the document accurately reflects its current business scope and operational focus.

Standard Corporate Practice

Alterations to a company's Memorandum of Association are a common corporate governance practice. These changes often follow strategic reviews or shifts in business focus to ensure the company's governing documents remain relevant and are free of outdated or superfluous objectives.

What This Means for Gyftr Ltd

• Gyftr Ltd now has shareholder authorization to proceed with removing the specified object clauses from its Memorandum of Association.
• This move simplifies the company's legal framework by eliminating clauses that may no longer be pertinent to its current operations.
• The decisive shareholder vote signals confidence in management's strategy to refine the company's foundational documents.

Potential Risks

The company's filing did not identify specific risks associated with this resolution. No significant governance issues or past negative events directly related to this procedural update were noted.

Industry Context

Directly comparing this specific shareholder vote with peers is challenging. It represents a procedural corporate governance action rather than a financial performance metric.

Applicable Data

No specific metrics are available or applicable for this particular filing.

Looking Ahead

Investors will likely watch for:

• Formal notification and filing of the updated Memorandum of Association with the Registrar of Companies (RoC).
• Any future announcements specifying which object clauses have been removed from the MOA.
• Gyftr's ongoing commitment to its core business of loyalty programs and gifting solutions.