L1 Global Long Short Fund (GLS) EGM 2025 summary

Opening remarks and agenda

• Chair opened the hybrid meeting, acknowledged traditional custodians, confirmed quorum, and explained voting procedures for all attendees.

• The meeting was convened to consider the appointment of six new directors, with nominees from L1 Capital and Wilson Asset Management.

Specific resolutions to be voted on

• Six resolutions for the appointment of new directors: three L1 Capital nominees and three WAM nominees, with each nominee presenting their background and answering questions.

• Resolution 1: Appointment of Rachel Grimes AM as director.

• Resolution 2: Appointment of David Gray as director.

• Resolution 3: Appointment of Douglas Farrell as director.

• Resolution 4: Appointment of Geoff Wilson AO as director.

• Resolution 5: Appointment of Richard Caldwell as director.

• Resolution 6: Appointment of Julian Martin as director.

Board and executive committee updates

• Two current directors intend to resign post-meeting, with timing dependent on board formalities.

• Independence of new nominees to be assessed by the new board.