Raptis Group Confirms Director James Raptis to Resign Effective September 30

Corporate Services By Victor Sage 2 min read 2:42pm on Wednesday 23rd of July, 2025 AEST

Raptis Group Limited has confirmed that director James Raptis will resign effective 30 September 2025, affirming the company’s compliance with ASX continuous disclosure rules.

James Raptis to resign as director effective 30 September 2025
Company confirms information is material and price-sensitive
Announcement made promptly after decision finalised on 17 July 2025
Raptis Group affirms compliance with ASX Listing Rule 3.1
No prior announcement due to pending final decision and confidentiality

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Director Resignation Confirmed

Raptis Group Limited (ASX, RPG) has officially announced that James Raptis, a director of the company, intends to resign effective 30 September 2025. This development was disclosed promptly following a board meeting on 17 July 2025, where Mr. Raptis confirmed his decision. The company emphasised that the information is material and likely to influence the market value of its securities.

Compliance with ASX Disclosure Obligations

The announcement follows an ASX Aware Letter inquiry regarding the timing and adequacy of disclosure. Raptis Group responded by confirming full compliance with ASX Listing Rule 3.1, which mandates immediate disclosure of price-sensitive information. The company explained that while Mr. Raptis had considered resignation prior to 17 July, no final decision was made until the board meeting, justifying the timing of the announcement.

Governance and Market Implications

While the resignation itself is straightforward, the company disclosed that preliminary discussions with potential replacement directors had occurred but no formal appointment or engagement had been made. This leaves some uncertainty about the future composition of the board and potential impacts on governance stability. Investors will be watching closely for updates on the successor and any strategic shifts that may follow.

Transparency and Market Confidence

Raptis Group’s swift response to the ASX’s queries and adherence to continuous disclosure policies reflects a commitment to transparency and regulatory compliance. The company secretary, Malcolm Cory, confirmed that all disclosures were authorised under the company’s continuous disclosure policy. This approach helps maintain investor confidence amid leadership changes.

Looking Ahead

As the resignation date approaches, market participants will be keen to see how Raptis Group manages the transition and whether the board’s composition will signal new strategic directions. The company’s ability to maintain steady governance during this period will be critical to sustaining investor trust.

Bottom Line?

Raptis Group’s director resignation marks a pivotal governance moment, with market eyes now on the board’s next moves.

Questions in the middle?

Who will be appointed to replace James Raptis on the board?
How might this leadership change affect Raptis Group’s strategic direction?
Will the market react positively or cautiously to the announced resignation?

Corporate Governance Board Resignations ASX Compliance Investor Relations

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