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Why Did Platinum Capital Shareholders Choose L1 Capital as New Manager?

9:02am on Friday 28th of November, 2025 AEDT Financials
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Why Did Platinum Capital Shareholders Choose L1 Capital as New Manager?

9:02am on Friday 28th of November, 2025 AEDT
Key Points
  • 2025 statutory pre-tax profit of $13.9 million and 6.5% grossed-up dividend yield
  • Investment performance lagged with 3.4% pre-tax NTA return vs 18.4% MSCI benchmark
  • Shareholders approved L1 Capital as new investment manager, replacing Platinum
  • Independent Board Committee recommended L1 Capital’s proposal over Wilson Asset Management
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