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Why Did Platinum Capital Scrap Its Scheme and Launch a Massive Buy-Back?
9:04am on Tuesday 12th of August, 2025 AEST
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Financial Services
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Why Did Platinum Capital Scrap Its Scheme and Launch a Massive Buy-Back?
9:04am on Tuesday 12th of August, 2025 AEST
Key Points
Scheme of arrangement withdrawn after failing to secure 75% shareholder approval
Shareholders asked to approve on-market buy-back of up to 50% of issued shares
Board commits to limiting buy-back to 20% before an extraordinary meeting requisitioned by L1 Capital
Strong proxy support with over 96% votes in favor of the buy-back resolution
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PLATINUM CAPITAL (ASX:PMC)
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