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L1 GROUP LIMITED — Remuneration Information 2025
Jul 7, 2025
65211_rns_2025-07-07_151dcb78-1ddb-41a3-b80d-64373b497ab7.pdf
Remuneration Information
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8 July 2025
The Manager ASX Market Announcements Australian Securities Exchange Limited Sydney NSW 2000
By e-Lodgement
Variation to remuneration arrangements of Jeff Peters
Platinum Asset Management Limited (ASX:PTM) (" Platinum ") advises that, in accordance with ASX Listing Rule 3.16.4, following a review of the remuneration arrangements of Jeff Peters, and recognising that as Platinum's CEO and Managing Director, he is critical to the successful integration of the proposed merger of Platinum and L1 Capital[1] (" Merger ") which was announced earlier today,[2] the Platinum Board of Directors (" Board ") has resolved to make variations to Mr Peters' remuneration arrangements.
A summary of the material variations to the terms of Mr Peters' employment arrangements are set out below:
Work fee payment
Relocation costs
In recognition of the extra work arising out of the significant deal activity that Platinum has undertaken with respect to the Merger, the Board has determined that Mr Peters will be entitled to an additional work effort payment (in cash) of $670,000, which will be payable on 31 December 2025 (subject to continued service up until that date). This payment is not conditional upon the Merger reaching completion or being approved by Platinum shareholders.
Mr Peters will also be entitled to reimbursement of certain relocation costs, currently expected to cost approximately $100,000, in the event of termination of his employment with Platinum.
Authorised by
Board of Platinum Asset Management Limited
Investor contact
Joanne Jefferies | Company Secretary Platinum Asset Management Limited Tel: 61 2 9255 7500 Fax: 61 2 9254 5555
1 L1 Capital is a trading name of First Maven Pty Ltd.
2 Refer to Platinum's ASX announcement entitled 'Platinum and L1 Capital announce binding merger terms'.
Level 8, 7 Macquarie Place, Sydney NSW 2000, Australia | GPO Box 2724, Sydney NSW 2001 Telephone 61 2 9255 7500 | Investor Services 1300 726 700 | Facsimile 61 2 9254 5590 | Email [email protected] | Website www.platinum.com.au Platinum Asset Management Limited ABN 13 050 064 287