Latest Shareholder Vote News

Magellan Financial Group Ltd (ASX:MFG) has moved closer to fully acquiring Barrenjoey Capital Partners, proposing to increase its ownership to 100% through a share issuance. The transaction, valued at approximately A$1.6 billion, has received positive market response and awaits shareholder and regulatory approvals.

Insignia Financial has received Foreign Investment Review Board approval for its proposed acquisition by Daintree BidCo, clearing a key regulatory hurdle. The scheme now awaits shareholder and court approvals, with the board recommending shareholder support.

Flight Centre Travel Group (ASX: FLT) has agreed to divest its 47% shareholding in Pedal Group to the Turner Collective for $61.7 million, aligning with its strategy to focus on core travel businesses. The sale requires shareholder approval and is expected to complete next month, with FLT anticipating a one-off accounting gain of approximately $15 million.

African Gold Ltd confirms the independent expert’s reaffirmation of fairness for Montage Gold’s acquisition schemes following FY25 financial results, with directors unanimously recommending shareholder approval.

Chariot Resources has locked in a A$3.5 million secured loan facility to refinance existing debt and support its lithium exploration projects, including a major Nigerian acquisition.

Winsome Resources Limited is set to be acquired by Li-FT Power Ltd through a scheme of arrangement, consolidating key lithium assets and creating a dual-listed entity on ASX and TSXV.

Emmerson Resources has invoiced $10.53 million from its joint venture partner as part of a minimum production payment, coinciding with its pending $311 million acquisition by Pan African Resources.

Magnetic Resource NL has updated its scoping study for the Lady Julie Gold Project, significantly increasing the underground production target and extending the mine life. The revised plan also lowers underground mining costs and defers some capital expenditure by prioritising open pit operations.

Insignia Financial has secured a crucial regulatory approval from APRA, advancing the proposed acquisition by Daintree BidCo. The deal now moves closer to a shareholder vote scheduled for mid-April.

SunRice Group maintains its forecast for profit growth in FY26, even as revenue is expected to remain flat or slightly decline due to competitive pressures, adverse weather, and geopolitical disruptions.

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.

Diversified United Investment Limited (DUI) has registered its Scheme Booklet with ASIC, proposing a merger with Australian United Investment Company Limited (AUI). The Independent Expert concludes the merger is in the best interests of DUI shareholders, with directors unanimously recommending a vote in favour.