L1 Global Long Short Fund Limited Registered · ASX:GLS
L1 Global Long Short Fund Limited Registered — L1 Global Long Short Fund — Shareholder Meeting (November 2025)
25 slides from L1 Global Long Short Fund Limited Registered's shareholder meeting presentation, Nov 28, 2025
Slide 1: 2025 AGM Chair's Address and Presentation Slides
28 November 2025 The Manager ASX Market Announcements Australian Securities Exchange Limited Sydney NSW 2000 For personal use only Platinum Capital Limited (PMC) - 2025 Annual General Meeting Chair’s Address and Presentation Slides PMC will be holding its Annual General Meeting (AGM) at 10.00am (AED
Slide 2: Chair and IBC Chair Speech
Platinum Capital Limited Annual General Meeting, 28 November 2025 Chair and IBC Chair Speech Good morning, Ladies and Gentlemen. Welcome to today’s hybrid general meeting (Meeting). My name is Rachel Grimes and I am honoured to be the Chair of Platinum Capital Limited (Company or PMC). I have also b
Slide 3: Strategic Review and Subsequent Events
for the same period. This had a consequential impact on the share price, which continued to trade at a significant discount to NTA. Strategic Review and Subsequent Events Following the strategic review conducted during the second calendar quarter of 2024, the Company announced on 24 July 2024 that i
Slide 4: IBC assessment of proposals
The IBC conducted a comprehensive assessment of each proposal, including (but not limited to) consideration of investment strategy, historical investment performance and experience of investment personnel, comparative costs and fee structures (including hurdles), governance and ability to execute th
Slide 5: Platinum Capital Limited Annual General Meeting 2025
For personal use only Platinum Capital Limited (ASX: PMC) Annual General Meeting 2025 28 November 2025 Platinum Capital Limited ABN 51 063 975 431
Slide 6: Rachel Grimes AM, Chair - address
For personal use only Rachel Grimes AM, Chair - address Platinum Capital Limited ABN 51 063 975 431
Slide 7: Financial summary FY2025
Financial summary FY2025 Profit before tax (A$m) Earnings per share (cents) For personal use only -6.6 -27.8 23.4 12.9 3.3 97.3 54.1 18.3 4.3 13.9 2021 2022 2023 2024 2025 2021 2022 2023 2024 2025 Dividend yield (%) Dividend declared (cents per share) 7 6.1% 6.5% 4.6% 4.8% 4.8% 6 6 6 6 2021 2022 202
Slide 8: Investment performance
Investment performance as at 30 June 2025 MSCI All Country Period Pre-Tax NTA Return* World Net Index ($A) For personal use only Return** 1 year 3.4% 18.4% 3 years (compound pa) 6.5% 19.2% 5 years (compound pa) 7% 14.8% 10 years (compound pa) 5.7% 11.8% Since inception (compound pa) 10.6% 8.3% *The
Slide 9: Strategic review and subsequent events
Strategic review and subsequent events 5 August 2025: announced withdrawal of scheme of arrangement with PIXX due to insufficient support. For personal use only 5 August 2025: announced receipt of proposal from L1 Capital to replace Platinum as investment manager together (L1 Proposal) with thre
Slide 10: Independent Board Committee (IBC) process
Independent Board Committee (IBC) process IBC comprised only of independent non-executive directors. For personal use only IBC appointed independent legal adviser to advise regarding appropriate corporate governance processes and reviewed precedent manager transitions having regard to publicly a
Slide 11: Agenda
Agenda Ordinary Business Items for Shareholder approval For personal use only 1. Adoption of the Remuneration Report 2. Re-election of Ms Katrina Glendinning as a director 3. Re-election of Ms Joanne Jefferies as a director 4. Increase in Non-Executive Directors’ fee pool Special Business Items for
Slide 12: Resolution 1: Adoption of the Remuneration Report
Ordinary business of the meeting Resolution 1: Adoption of the Remuneration Report For personal use only “That the Remuneration Report of the Company for the financial year ended 30 June 2025 be adopted.” 8
Slide 13: Proxy results: Resolution 1
Proxy results Resolution 1: Adoption of the Remuneration Report For personal use only FOR AGAINST OPEN-USABLE 81,358,416 3,447,354 586,492 95.28% 4.04% 0.68% 9 Source: MUFG Corporate Markets (AU) Limited
Slide 14: Resolution 2: Re-election of Ms Katrina Glendinning
Ordinary business of the meeting Resolution 2: Re-election of Ms Katrina Glendinning as a Director For personal use only “That Ms Katrina Glendinning, retiring in accordance with Rule 45 of the Company’s Constitution and ASX Listing Rule 14.4, being eligible, is re-elected as a Director of the Compa
Slide 15: Proxy results: Resolution 2
Proxy results Resolution 2: Re-election of Ms Katrina Glendinning as a Director For personal use only FOR AGAINST OPEN-USABLE 81,721,477 2,828,758 611,335 95.96% 3.32% 0.72% 11 Source: MUFG Corporate Markets (AU) Limited
Slide 16: Resolution 3: Re-election of Ms Joanne Jefferies
Ordinary business of the meeting Resolution 3: Re-election of Ms Joanne Jefferies as a Director For personal use only “That Ms Joanne Jefferies, retiring in accordance with Rule 45 of the Company’s Constitution and ASX Listing Rule 14.4, being eligible, is re-elected as a Director of the Company.” 1
Slide 17: Proxy results: Resolution 3
Proxy results Resolution 3: Re-election of Ms Joanne Jefferies as a Director For personal use only FOR AGAINST OPEN-USABLE 81,938,644 2,626,591 596,335 96.22% 3.08% 0.7% 13 Source: MUFG Corporate Markets (AU) Limited
Slide 18: Resolution 4: Increase in Non-Executive Directors' Fee Pool
Ordinary business of the meeting Resolution 4: Increase in Non-Executive Directors’ Fee Pool For personal use only “That for the purposes of Rule 47 of the Company’s Constitution, ASX Listing Rule 10.17 and for all other purposes, the maximum aggregate amount of directors’ fees (inclusive of superan
Slide 19: Proxy results: Resolution 4
Proxy results Resolution 4: Increase in Non-Executive Directors’ Fee Pool For personal use only FOR AGAINST OPEN-USABLE 80,393,122 4,716,171 436,335 93.98% 5.51% 0.51% 15 Source: MUFG Corporate Markets (AU) Limited
Slide 20: Resolution 5: Replace Investment Manager
Special business of the meeting Resolution 5: Replace Investment Manager For personal use only “That the Company be authorised to terminate the Investment Management Agreement with Platinum Investment Management Limited originally dated 4 May 1994 (and restated and amended from time to time), and en
Slide 21: Proxy results: Resolution 5
Proxy results Resolution 5: Replace Investment Manager For personal use only FOR AGAINST OPEN-USABLE 23,151,780 1,610,760 440,892 91.86% 6.39% 1.75% 17 Source: MUFG Corporate Markets (AU) Limited
Slide 22: Resolution 6: Change Company Name and Constitution
Special business of the meeting Resolution 6: Change Company Name and Constitution For personal use only “That subject to Resolution 5 being passed: a) in accordance with section 157 of the Corporations Act 2001 (Cth), the name of the Company be changed from “Platinum Capital Limited” to “L1 Global
Slide 23: Proxy results: Resolution 6
Proxy results Resolution 6: Change Company Name and Constitution For personal use only FOR AGAINST OPEN-USABLE 82,612,502 2,149,067 542,735 96.84% 2.52% 0.64% 19 Source: MUFG Corporate Markets (AU) Limited
Slide 24: Disclaimer
Disclaimer The information contained herein has been prepared by Platinum Investment Management Limited ABN 25 063 565 006, AFSL 221935 ("Platinum"), on behalf of the Platinum Capital Limited (the”Company”). The information is general information only and should not be construed as a recommendation
Slide 25: Platinum Capital Limited Annual General Meeting 2025
For personal use only Platinum Capital Limited (ASX: PMC) Annual General Meeting 2025 28 November 2025 Platinum Capital Limited ABN 51 063 975 431
L1 Global Long Short Fund — Shareholder Meeting (November 2025) on 6ix