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Excelsior Capital faces shareholder push for wind-up, board changes

October 1, 2025 at 10:10 AM UTCBy FilingReader AI

Excelsior Capital Ltd has announced it received notices under sections 203D and 249D of the Corporations Act 2001 from a group of "Requisitioning Shareholders." This group, comprising Baauer Pty Ltd atf the Baauer Family Trust and Saccharin Pty Ltd, collectively holds at least 5% of the voting shares and is demanding a general meeting.

The proposed resolutions include the voluntary winding up of Excelsior Capital and the appointment of James Taplin of BRI Ferrier as liquidator. Additionally, the Requisitioning Shareholders seek to remove current directors Ryan Mount and Danny Herceg, while appointing Luke Cummings and David Prescott to the board. Any other director appointed between 17 September 2025 and the meeting's close, excluding Cummings and Prescott, would also be removed.

Excelsior Capital is currently seeking legal advice to determine if the request complies with the Act and other legal requirements, promising to update the market in due course. The full request and an accompanying statement from the Requisitioning Shareholders have been attached as Annexure A to the announcement.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

ASX:ECLAustralian Securities Exchange

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