Embelton Limited Seeks Shareholder Approval to Delist from ASX and Conduct Buy-Back of Up to 747,770 Shares

Manish Choudhary

13 November 2026 02:50 PM AEDT

Embelton Limited Seeks Shareholder Approval to Delist from ASX and Conduct Buy-Back of Up to 747,770 Shares

Image Source: Krish Capital Pty Ltd

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Embelton Limited (ASX:EMB) has called an Extraordinary General Meeting for 15 December 2026 to seek shareholder approval for two resolutions: the removal of the company from the official list of the Australian Securities Exchange under ASX Listing Rule 17.11A.2, and an off-market equal access buy-back of up to a maximum of 747,770 shares.

Key Points

The EGM is scheduled for 15 December 2026 at 11.00am AEDT at the company's registered office at 147-149 Bakers Road, Coburg, Victoria.
Resolution 1 seeks approval, as a special resolution, for removal of Embelton Limited from the ASX official list under Listing Rule 17.11A.2.
Resolution 2, subject to Resolution 1 being approved, seeks ordinary resolution approval for an off-market equal access buy-back of up to 747,770 shares.
Proxy forms must be received by 10.00am AEDT on Friday, 11 December 2026 to be valid.

Proposed ASX Delisting Resolution

Embelton Limited has notified shareholders of an Extraordinary General Meeting at which Resolution 1 will seek approval, as a special resolution, for the company's removal from the official list of the Australian Securities Exchange. The resolution is to be conducted by poll, as it relates to ASX Listing Rules. Under ASX Listing Rule 17.11A.2, ASX will remove an entity from the official list at the entity's request if holders of its ordinary securities approve the removal by special resolution and the notice of meeting includes information specified in Listing Rule 17.11C. The notice was dated 13 November 2026 and signed by Company Secretary Eggidio Galgano.

Off-Market Equal Access Buy-Back Terms

Resolution 2, which is conditional upon shareholders first approving Resolution 1, proposes that the company conduct an off-market equal access buy-back of up to a maximum of 747,770 shares. The resolution is to be passed as an ordinary resolution for the purposes of section 257B(2) and section 257C of the Corporations Act and for all other purposes. As an equal access buy-back, the filing states that no voting exclusion applies to Resolution 2, meaning all shareholders entitled to vote may participate in the vote on this item of business.

EGM Voting and Proxy Arrangements

The meeting will be held as a physical venue meeting at 147-149 Bakers Road, Coburg, Victoria, in accordance with rule 38 of the company's Constitution. Shareholders entitled to attend and vote may appoint one proxy, or two proxies if entitled to cast two or more votes. Voting entitlements will be determined by shares on issue at 7.00pm AEDT on Friday, 11 December 2026. Written shareholder questions must be received by no later than 5.00pm AEDT on Friday, 11 December 2026. The company's Chair intends to vote all available undirected proxies in favour of each item of business.

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