L1 Long Short Fund Passes All Five AGM Resolutions at 10 November 2026 Annual General Meeting

Sonal Goyal

10 November 2026 12:56 PM AEDT

L1 Long Short Fund Passes All Five AGM Resolutions at 10 November 2026 Annual General Meeting

Image Source: Krish Capital Pty Ltd

You are reading a free article with opinions that may differ from the recommendation given by Kalkine in its paid research reports. Become a Kalkine member today to get access to our research reports, in-depth technical and fundamental research. Learn more

Start Your Free Trial Now!

L1 Long Short Fund Limited (ASX:LSF) has disclosed the results of its 2026 Annual General Meeting held on 10 November 2026, with all five resolutions passed, including the re-election of three directors and renewal of proportional takeover provisions.

Key Points

Resolution 1, the adoption of the Remuneration Report for the year ended 30 June 2026, received 99.04% of proxies cast in favour.
Mr John Macfarlane and Mr Julian Russell were each re-elected as directors with 99.28% of proxies cast in favour.
Ms Jane Stewart was re-elected as a director with 99.23% of proxies cast in favour.
Resolution 5, the renewal of Proportional Takeover Provisions under clause 14 of the Constitution for three years, received 99.16% of proxies cast in favour.

Remuneration Report Adoption Result

Shareholders voted on the adoption of the Remuneration Report for the financial year ended 30 June 2026. According to the filing, 122,138,076 proxy votes were cast in favour, representing 99.04% of proxies cast. Votes against the resolution totalled 214,872, or 0.17% of proxies cast. Open proxies directed to the nominated chair accounted for 344,050 votes and other nominated proxies for 622,127 votes. A total of 204,270 votes were recorded as abstentions. The vote on this resolution is advisory only and does not bind the directors or the company.

Re-election of Directors Macfarlane, Stewart and Russell

Three director re-election resolutions were put to shareholders. Mr John Macfarlane received 123,951,976 votes in favour, equating to 99.28% of proxies cast, with 7,166 votes against. Ms Jane Stewart received 123,892,701 votes in favour, or 99.23% of proxies cast, with 66,441 votes against. Mr Julian Russell received 123,950,976 votes in favour, or 99.28% of proxies cast, with 8,166 votes against. Each resolution also carried 272,105 open proxies directed to the nominated chair and 622,127 votes under other nominations, with 31,900 abstentions recorded for each of the three director resolutions.

Renewal of Proportional Takeover Provisions

Shareholders passed a special resolution to renew the Proportional Takeover Provisions set out in clause 14 of the company's Constitution, in accordance with section 648G of the Corporations Act 2001 (Cth). The renewal takes effect from the date the resolution was passed and applies for a period of three years. The resolution received 123,631,989 votes in favour, representing 99.16% of proxies cast, with 42,147 votes against. Open proxies to the nominated chair totalled 389,105, other nominated proxies totalled 622,127, and abstentions totalled 199,906.

Download Free Report – Explore 3 Stock Ideas & Industry Insights

Unlock 3 stock ideas and key industry insights in our free report. This information is general in nature and does not consider your personal objectives, financial situation, or needs. It is not financial advice.

All investments involve risk—consider independent advice before making any investment decisions.

View 3 Research Reports

Disclaimer:

This article (“Article”) has been prepared by Kalkine Pty Limited (ABN 34 154 808 312) (Australian financial services licence number 425376) (“Kalkine”) and its related bodies corporate who are authorised to provide general financial product advice. Kalkine.com.au and its associated pages are published by Kalkine.

Any information/advice provided in this article is general in nature and does not take into account your objectives, financial situation or needs. You should therefore consider whether the information is appropriate for your objectives, financial situation and needs before acting upon it.

There may be a Product Disclosure Statement, Information Memorandum or other offer document (“Offer Document”) for the securities or other financial products referred to in Kalkine articles. You should obtain a copy of the Offer Document and consider it before making any decision about whether to acquire the security or financial product.

Kalkine strongly recommends that you seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) before acting on any advice/information in this Article or on the Kalkine website. Not all investments are appropriate for all people.

The information in this Article and on Kalkine website has been prepared from a wide variety of sources, which Kalkine, to the best of its knowledge and belief, considers accurate. Kalkine has made every effort to ensure the reliability of the information contained in its articles (including this Article), newsletters and websites. All information represents our views at the date of publication and may change without notice.

The information in this Article does not constitute an offer to sell securities or other financial products or a solicitation of an offer to buy securities or other financial products.

Kalkine does not issue, sell or deal in any financial products.

This Article may contain information on past performance of particular investments. Please note past performance is neither an indicator nor a guarantee of future performance.

To the extent permitted by law, and excluding any dishonesty or gross negligence by Kalkine, Kalkine disclaims and excludes all liability for any direct, indirect, implied, punitive, special, incidental or other consequential loss or damage arising from the use of or reliance on this Article, the Kalkine website and any information published on the Kalkine website without any warranties or representations by Kalkine to you. To the extent the law prohibits or limits this exclusion, Kalkine limits its liability to the resupply of services.

Please also read our Terms & Conditions and Financial Services Guide for further information.

Employees and/or associates of Kalkine and its related entities may hold interests in the securities or other financial products covered in this Article or on the Kalkine website. Any such employees and associates are required to comply with certain safeguards, procedures and disclosures as required by law.

Some of the images/music that may be used in the Article are copyright to their respective owner(s). Kalkine does not claim ownership of any of the pictures displayed/music used in the Article unless stated otherwise. The images/music that may be used in the Article are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.

Kalkine Media Pty Ltd, an affiliate of Kalkine Pty Ltd, may have received, or be entitled to receive, financial consideration in connection with providing information about certain entity(s) covered on its website.