On July 5, 2024, Benjamin Hornigold Limited announced that it released a notification on July 4, 2024, of a receipt of a request to hold a General Meeting of Shareholders of the Company that will be held on August 12, 2024, under section 249D of the Corporations Act by Keybridge Capital Limited. The Board unanimously recommends that shareholders vote against the proposed special resolution. The Board believes that it is not commercially viable to expect 3 directors to effectively represent the best interests of shareholders on a combined remuneration pool of $40,000 per financial year as this figure is substantially below market rates for small ASX-listed companies and would make it very difficult to attract good-quality directors in the future.