• Board considering a proposal to delist Shriro from ASX
• Planned off-market equal access share buy-back to provide liquidity for shareholders
• Board has determined not to proceed with delisting or buy-back
• Considering $5 million on-market buy-back and special dividend

Shriro Holdings Limited (ASX: SHM) has provided an update on a proposal it was considering to delist the company from the Australian Securities Exchange (ASX). In its previous ASX announcement and 2025 Annual Report, Shriro stated that the Board was considering a possible alternative use for the cash that would otherwise have been paid out as a final dividend for the year ended 30 June 2025. This was in connection with a proposal that may have resulted in the removal of Shriro from the official list of the ASX pursuant to ASX Listing Rule 17.11 (Delisting Proposal). As part of the Delisting Proposal, Shriro contemplated undertaking an off-market equal access share buy-back (Buy-Back) to provide a liquidity facility for shareholders who wished to exit their investment prior to the company becoming an unlisted entity. The cash that would have been used for the final dividend was to be partially used to fund the Buy-Back. However, after careful consideration, the Board has determined not to proceed with either the Delisting Proposal or the Buy-Back. Instead, the Board is currently considering: (1) proceeding with an on-market buy-back of $5 million of the Company's shares at a fixed price of $0.81 per share, in accordance with approval received from shareholders at the 2024 AGM, subject to regulatory approvals; and (2) a payment to shareholders of a special dividend to replace the final dividend that was not paid in respect of the year ended 30 June 2025. Further announcements will be made regarding the timing, approvals, process and dividend amount in due course.