Platinum Capital announces board reshuffle, new appointments

Effective October 2, 2025, Margaret Towers and Ian Hunter have resigned from the Platinum Capital Limited board. Concurrently, Rachel Grimes AM, David Gray, and Douglas Farrell have been appointed as new directors.

The company also confirmed that its on-market share buy-back program, approved by shareholders on August 12, 2025, remains active. The board will continue to evaluate the share price and capital management strategies, particularly if the share price trades at a discount to its net tangible asset backing per share.

The departing directors' interest notices reveal Margaret Towers held 50,000 shares indirectly through Invia Custodian on behalf of McClay Superannuation Fund, while Ian Hunter held 100,000 ordinary shares directly. New director Rachel Grimes AM holds 30,000 ordinary shares directly, David Gray holds 150,000 ordinary shares directly, and Douglas Farrell holds an indirect beneficial interest in 19,108 ordinary shares through Farlie Pty Ltd as part of the Henley Property Trust (Family Trust).