Latest Board Changes News

Excelsior Capital Limited has announced a further fully franked special dividend of over $10 million amid its ongoing winding up process, alongside key board changes and plans for final capital returns.

Kjerulf David Hastings Ainsworth has initiated a second unconditional off-market takeover bid for 5.5% of Ainsworth Game Technology shares at a significant premium, aiming to increase his stake and influence in the company.

Lachlan Star Limited has appointed mining veteran Tony Kiernan as independent Non-Executive Chairman alongside Alan Thom as Non-Executive Director, marking a strategic board refresh aimed at accelerating the company’s growth in Western Australia’s gold sector.

ARC Funds Limited and AUSBIZ Group have mutually cancelled the previously announced assignment of convertible notes in Ausbiz TV, reflecting a strategic shift following changes in ARC’s board and shareholder base.

Killi Resources has appointed former Fortescue CEO Nev Power as Non-Executive Chair and secured $1.4 million through a share placement led by Power and other key executives. The capital will support exploration at Mt Rawdon West and new growth initiatives.

Sarytogan Graphite Limited has received over $2 million from key investor Dias Sarsenov, advancing its share placement strategy and preparing for a pivotal board appointment. Meanwhile, a significant top-up investment from the EBRD awaits shareholder approval.

Alligator Energy has appointed Dr Andrea Marsland-Smith as Managing Director in addition to her CEO role, while preparing for the retirement of veteran Non-Executive Director Peter McIntyre following a key project milestone.

ARC Funds Limited’s trading suspension has been lifted following key announcements about new board appointments, signaling a fresh chapter for the investment manager.

Kjerulf David Hastings Ainsworth has initiated a second proportional takeover bid for 5.5% of Ainsworth Game Technology shares at $1.30 each, offering shareholders a significant premium and cash certainty. The move underscores Ainsworth’s belief that AGI remains undervalued amid a low likelihood of competing bids.

Wide Open Agriculture has appointed Craig Swan as its new CEO, signaling a strategic push to commercialise its lupin protein technology and expand its footprint in Asia.

Castle Minerals has significantly expanded its Western Australian gold footprint by acquiring Meekasan Pty Ltd, boosting its contiguous landholding in the Meekatharra district to 184km². The move is complemented by key board changes aimed at accelerating growth.

Keybridge Capital has posted a $6.14 million loss for the half-year ended 31 December 2024, driven by legacy governance issues and significant legal costs. A new board, appointed following court intervention, is now focused on stabilising the company and pursuing recovery actions.