L1 Global Long Short Fund (GLS) AGM 2026 summary
Event summary combining transcript, slides, and related documents.
AGM 2026 summary
9 Nov, 2026Opening remarks and agenda
Ordinary business included consideration of the financial, Directors’ and Auditor’s reports for the FY ended 30 June 2026, plus resolutions on remuneration, directors, auditor appointment and the constitution.
Board and executive committee updates
Ms Rachel Grimes AM stood for re-election as a Non-Executive Director; Mr Julian Russell stood for election to the same role.
Corporate governance
The Remuneration Report resolution was advisory only and would not bind the Directors or the fund.
Ernst & Young was nominated for appointment as auditor, having consented to act.
A special resolution proposed replacing the current constitution with a new constitution, effective from the date the resolution is passed.
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Latest events from L1 Global Long Short Fund
- A$482.7m raise at A$1.76 to expand a strong-performing global long-short strategy.GLS
Investor presentation - Net return of 17.8% and strong dividend outlook highlight robust performance.GLSH2 2026
- Outperformed benchmarks with 53.9% net return p.a., focusing on resilient, high-growth sectors.GLSInvestor presentation
- Profit declined and returns lagged the benchmark, with major strategic and Board changes underway.GLSH2 2025
- Profit after tax jumped to $57.5m, driven by a new strategy and major equity raise.GLSH1 2026
- Transition to a global long/short strategy with a $415M offer and 67.5% YTD net return.GLSInvestor Presentation
- Three L1 Capital nominees were appointed as directors, while WAM nominees were not.GLSEGM 2025
- FY2024 saw steady profits, a new ETF scheme, and a focus on closing the share price discount.GLSAGM 2024
- FY24 saw a 3.7% pre-tax NTA return, $12.8m net profit, and a proposed merger to close the share price gap.GLSH2 2024