Latest Shareholder Activism News

Embark Early Education has requested a general meeting to install its chair and managing director on Mayfield Childcare’s board and remove three directors. The move comes after Embark lifted its stake in Mayfield to 50.04%, raising the prospect of a board with no directors independent of the majority shareholder.

Crimson Consulting has extended its A$0.73-a-share offer for Kip McGrath to 14 October and says it now has a path to control the company with just over half the register. The bidder says support and intentions represent 50.89% of shares, although part of that figure remains conditional.

Perpetual Limited has updated its dividend announcement to confirm that the default payment method is cash rather than reinvestment, with a 63-cent unfranked dividend for the period ending June 2026.

Mangawhai Collective aims to boost its stake in Bremworth from 19.73% to a controlling interest by offering NZD 0.90 per share for nearly 44% of outstanding shares, subject to conditions and shareholder precommitments.

A GWR shareholder has lodged an application with the Takeovers Panel alleging undisclosed control and association issues involving major nominee shareholders, raising potential breaches of the Corporations Act.

Ida Metal Investments has increased its stake in Zenith Minerals to just over 10% yet does not intend to accept Forrestania Resources' takeover bid. Despite this, Zenith's board continues to recommend acceptance of the offer, which requires just over 50% shareholder support to proceed.

Beacon Minerals has updated its FY2026 dividend details, confirming a fully franked cash dividend and adjusting the scrip dividend ratio following recent option exercises.

Acumentis Group has seen key shareholder notices withdrawn, halting a planned general meeting after questions emerged about a proposed board candidate's suitability.

A significant shareholder bloc opposing Floorscape's acquisition has forced Bremworth to abandon its Scheme of Arrangement, leaving the flooring manufacturer to pursue standalone growth amid tough market conditions.

Freedom Bidco has increased its unsolicited cash offer for Strata Investment Holdings to A$0.22 per share, presenting shareholders with a premium liquidity option ahead of Strata’s imminent ASX delisting. The offer includes a cash alternative and a share swap, while Freedom Bidco accuses Strata’s board of obstructive tactics and governance failings.

Ainsworth Game Technology has confirmed Ryan Comstock as CEO after six months as acting chief, tying his pay to company performance through incentive plans.

Ainsworth Game Technology’s FY25 results reveal a mixed bag: a 9% dip in underlying profit to $21.1 million, a hefty $43.1 million goodwill impairment tied to North America, and a strategic pivot with a new acting CEO. Strong Asia Pacific growth and new product launches contrast with margin pressures and a shrinking cash position.