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ASX Approves 10-Year Term for L1 Capital’s New Management Deal at Platinum Capital

7:01am on Saturday 15th of November, 2025 AEDT Financial Services
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ASX Approves 10-Year Term for L1 Capital’s New Management Deal at Platinum Capital

7:01am on Saturday 15th of November, 2025 AEDT
Key Points
  • ASX grants waiver to extend initial term of L1 Capital IMA from 5 to 10 years
  • Shareholders to vote on replacing Platinum Investment Management with L1 Capital
  • Termination conditions include insolvency and material breaches during initial term
  • Post-initial term termination requires shareholder resolution and notice
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