L1 Group Limited · ASX:L1G
L1 — Shareholder Meeting (September 2025)
36 slides from L1's shareholder meeting presentation, Sep 22, 2025
Slide 1: Chair's Address and Presentation Slides - ASX announcement
22 September 2025 The Manager ASX Market Announcements Australian Securities Exchange Limited Sydney NSW 2000 Platinum Asset Management Limited ("Platinum") Extraordinary General Meeting – Chair's Address and Presentation Slides Platinum will hold an Extraordinary General Meeting today at 9:30am (AE
Slide 2: Chair address: Introduction and welcome
Platinum Asset Management Limited Extraordinary General Meeting, 22 September 2025 Chair address Introduction and welcome Good morning Ladies and Gentleman and welcome to today’s Extraordinary General Meeting. My name is Guy Strapp and I am delighted to address you as a Director and the Chair of Pla
Slide 3: Transaction overview
For those Shareholders in the room, if you would like to ask a question, when we move to question time in relation to the relevant item of business, please raise your hand and a Platinum representative will bring a microphone over to you. For those attending online you will need to select the Q&A ic
Slide 4: Strategic rationale for the Merger
Resolutions 7 and 8 seek approval to appoint Jane Stewart and Neil Chatfield as directors of Platinum, pursuant to L1 Capital’s right to nominate directors to be appointed to the Platinum board under the merger implementation deed. Such appointments, if approved, will be conditional on Completion of
Slide 5: Resolution 1 - Approval of acquisition of a Relevant Interest
Resolution 1 - Approval of acquisition of a Relevant Interest in Platinum Shares by Annaeus as trustee of the ML Family Trust The first resolution that will require a Shareholder vote today is approval for the acquisition by Annaeus Pty Ltd as trustee of the ML Family Trust (an entity associated wit
Slide 6: Resolution 5 - Relevant Interest in Escrowed Shares
Resolution 5 - Approval of acquisition of a Relevant Interest in Escrowed Shares by Platinum Resolution 5 is for the approval of the acquisition by Platinum of a Relevant Interest in any of the Escrowed Shares to be issued to the L1 Capital Shareholders on Completion of the Merger, for the purpose o
Slide 7: Resolution 9 - Approval of potential termination benefits
I will now take any questions or comments on the resolution. Resolution 9 - Approval of potential termination benefits Finally, Resolution 9 seeks approval to authorise the payment of termination benefits to certain current Platinum employees and executives, if their employment is terminated in the
Slide 8: EGM 22 September 2025: Merger of Platinum Asset Management and L1 Capital
EGM 22 September 2025: Merger of Platinum Asset Management and L1 Capital September 2025 Platinum Asset Management Limited ABN 13 050 064 287
Slide 9: Transaction Overview
Transaction Overview Proposed Transaction ■ Platinum Asset Management Limited (ASX:PTM) acquires First Maven Pty Ltd (trading as L1 Capital) [1] ■ ~26% ownership by existing Platinum shareholders Ownership ■ ~74% ownership by L1 Capital shareholders In-perimeter ■ Platinum shareholders will receive
Slide 10: Strategic Rationale for the Merger
Strategic Rationale for the Merger ■ Scale: The combination of Platinum and L1 Capital will create a market-leading i nvestment platform of listed equities and alternative investment strategies with total AUM of approximately $16.5 billion1 as at 30 June 2025 ■ Substantial Diversification Opportunit
Slide 11: What will the Merged Entity Look Like?
What will the Merged Entity Look Like? + ■ Well established and trusted investment ■ Independent investment manager with track record manager with funds deployed globally of leading investment returns Overview ■ ASX listed since 2007, founded in 1994 ■ Founded in 2007 ■ Sydney headquartered with 85+
Slide 12: Independent Expert's Conclusion
Independent Expert’s Conclusion • The merger is FAIR AND REASONABLE to Platinum shareholders in the absence of a superior alternative proposal emerging • The issue of Platinum shares to L1 Capital to implement the Merger and the acquisition of L1 Capital shares from Annaeus and Shomron is FAIR AND R
Slide 13: Reasons to Vote In Favour of the Merger
Reasons to Vote In Favour of the Merger ✓ Opportunity to benefit from exposure to a scalable, growing and diversified platform of alternative investment strategies ✓ The Merger will combine the deep expertise, investment experience, industry networks and established track records of talented investm
Slide 14: EGM Resolutions in a Nutshell
EGM Resolutions in a Nutshell Merger Resolutions (Resolutions 1- 5) ➢ Resolutions 1, 2 and 4 are Ordinary Resolutions covering the requisite shareholder approvals required under the Corporations Act for the acquisition of relevant interests above 20%, to facilitate the merger ➢ Resolution 3 is an Or
Slide 15: Resolution 1 - Relevant Interest by Annaeus as trustee of the ML Family Trust
Resolution 1 - Approval of acquisition of a Relevant Interest in Platinum Shares by Annaeus as trustee of the ML Family Trust Platinum Shareholders are asked to consider and, if thought fit, pass the following resolution as an ordinary resolution: That, for the purpose of section 611, item 7 of the
Slide 16: Resolution 1 - Proxy results
Resolution 1 - Approval of acquisition of a Relevant Interest in Platinum Shares by Annaeus as trustee of the ML Family Trust Source: Computershare. 8
Slide 17: Resolution 2 - Relevant Interest by Shomron as trustee of the RL Family Trust
Resolution 2 - Approval of acquisition of a Relevant Interest in Platinum Shares by Shomron as trustee of the RL Family Trust Platinum Shareholders are asked to consider and, if thought fit, pass the following resolution as an ordinary resolution: That, for the purpose of section 611, item 7 of the
Slide 18: Resolution 2 - Proxy results
Resolution 2 - Approval of acquisition of a Relevant Interest in Platinum Shares by Shomron as trustee of the RL Family Trust Source: Computershare. 10
Slide 19: Resolution 3 - Acquisition of L1 Capital Sale Shares
Resolution 3 – Approval of acquisition by Platinum of L1 Capital Sale Shares for the purposes of ASX Listing Rule 10.1.3 Platinum Shareholders are asked to consider and, if thought fit, pass the following resolution as an ordinary resolution: That, for the purposes of ASX Listing Rule 10.1.3, and fo
Slide 20: Resolution 3 - Proxy results
Resolution 3 – Approval of acquisition by Platinum of L1 Capital Sale Shares for the purposes of ASX Listing Rule 10.1.3 Source: Computershare. 12
Slide 21: Resolution 4 - Relevant Interest in Platinum Shares in which L1 Capital has an interest
Resolution 4 - Approval of acquisition by Platinum of a Relevant Interest in Platinum Shares in which L1 Capital has a Relevant Interest Platinum Shareholders are asked to consider and, if thought fit, pass the following resolution as an ordinary resolution: That, for the purpose of section 611, ite
Slide 22: Resolution 4 - Proxy results
Resolution 4 - Approval of acquisition by Platinum of a Relevant Interest in Platinum Shares in which L1 Capital has a Relevant Interest Source: Computershare. 14
Slide 23: Resolution 5 - Relevant Interest in Escrowed Shares
Resolution 5 - Approval of acquisition of a Relevant Interest in Escrowed Shares by Platinum Platinum Shareholders are asked to consider and, if thought fit, pass the following resolution as an ordinary resolution: That, for the purpose of section 611, item 7 of the Corporations Act, and for all oth
Slide 24: Resolution 5 - Proxy results
Resolution 5 - Approval of acquisition of a Relevant Interest in Escrowed Shares by Platinum Source: Computershare. 16
Slide 25: Resolution 6 - Change of name of Platinum Asset Management Limited
Resolution 6 - Change of name of Platinum Asset Management Limited Platinum Shareholders are asked to consider and, if thought fit, pass the following resolution as a special resolution: That, conditional on Completion of the Merger having occurred, approval is given for the name of Platinum Asset M
Slide 26: Resolution 6 - Proxy results
Resolution 6 - Change of name of Platinum Asset Management Limited Source: Computershare. 18
Slide 27: Resolution 7 - Election of Jane Stewart as a Director
Resolution 7 - Election of Jane Stewart as a Director of Platinum Platinum Shareholders are asked to consider and, if thought fit, pass the following resolution as an ordinary resolution: That, conditional on Completion of the Merger having occurred, Jane Stewart, being eligible for election, is ele
Slide 28: Resolution 7 - Proxy results
Resolution 7 - Election of Jane Stewart as a Director of Platinum Source: Computershare. 20
Slide 29: Resolution 8 - Election of Neil Chatfield as a Director
Resolution 8 - Election of Neil Chatfield as a Director Platinum Shareholders are asked to consider and, if thought fit, pass the following resolution as an ordinary resolution: That, conditional on Completion of the Merger having occurred, Neil Chatfield, being eligible for election, is elected as
Slide 30: Resolution 8 - Election of Neil Chatfield as a Director
Resolution 8 - Election of Neil Chatfield as a Director 22
Slide 31: Resolution 8 - Proxy results
Resolution 8 - Election of Neil Chatfield as a Director Source: Computershare. 23
Slide 32: Resolution 9 - Approval of potential termination benefits
Resolution 9 - Approval of potential termination benefits Platinum Shareholders are asked to consider and, if thought fit, pass the following resolution as an ordinary resolution: That, for all purposes including sections 200B and 200E of the Corporations Act, until 31 October 2028, the giving of th
Slide 33: Resolution 9 - Proxy results
Resolution 9 - Approval of potential termination benefits Source: Computershare. 25
Slide 34: EGM 22 September 2025: Merger of Platinum Asset Management and L1 Capital
EGM 22 September 2025: Merger of Platinum Asset Management and L1 Capital September 2025 Platinum Asset Management Limited ABN 13 050 064 287 26
Slide 35: Disclaimer
Disclaimer Information in this presentation References in this presentation to “Platinum” or “PTM” are to Platinum Asset Management Limited ABN 13 050 064 287, unless otherwise expressly stated. This presentation includes information prepared by Platinum Investment Management Limited ABN 25 063 565
Slide 36: Disclaimer
Disclaimer No solicitation or investment advice Information in this presentation has been prepared for general information purposes only and without taking into account any recipient’s investment objectives, financial situation or particular circumstances (including financial and taxation position).