Completion of Capital Return & Request to Defer Delisting

Key points

• Capital return to shareholders completed today
• Potential third-party proposal to recapitalize and continue as a listed entity
• Delisting deferred for two weeks to consider proposal
• Excelsior Capital is winding up its fund portfolio and redeeming assets

Full summary

Excelsior Capital Limited (ASX: ECL) has completed the capital return approved on 17 August 2026 and paid it to shareholders today, 28 August 2026. The company had announced on 18 August 2026 its intention to delist from the ASX on 31 August 2026. However, a third party has expressed interest in recapitalizing and continuing the company as a listed entity with new management. The board will defer delisting for two weeks to consider this proposal, which they will only put to shareholders if it benefits them more than liquidation.

Outlook

The board will decide whether to proceed with the third-party proposal or delist the company based on its evaluation.