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Platinum Asset Management Completes Merger, Rebrands as L1 Group with Board Shakeup
8:37am on Wednesday 1st of October, 2025 AEST
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Financial Services
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Platinum Asset Management Completes Merger, Rebrands as L1 Group with Board Shakeup
8:37am on Wednesday 1st of October, 2025 AEST
Key Points
Merger completion with issuance of 1.65 billion new shares to L1 Capital shareholders
Company to rename as L1 Group Limited and change ASX ticker to L1G
Three directors resign; two new directors appointed to the board
New shares subject to voluntary escrow arrangements spanning two to four years
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Platinum Asset Management (ASX:PTM)
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