On July 4, 2024, Benjamin Hornigold Limited announced that it received a request for directors to call a general meeting of members under Section 249D of the Corporations Act from Keybridge Capital Ltd. The requisition stated that under the Company?s Constitution, the maximum aggregate fees payable to all non-executive directors be reduced from $450,000 per financial year to $40,000 per financial year. Additionally, the Board considers this request to be futile and counterproductive in its proposal and that the existing remuneration is fair and reasonable. In addition, the Board will consider the proposed requisitions and provide details of the proposal, along with its recommendation on the proposed resolutions, when the notice of meeting is circulated.

The board stated that the notice of the general meeting must be within 21 days after receiving a valid requisition, and the meeting must be held no later than 2 months after receipt of the requisition.