AUS
NZ
UK
CA
USA
IND
AMCIL Limited (ASX:AMH), a listed investment company managed by Australian Foundation Investment Company, has submitted a Final Director's Interest Notice confirming that Robert Mark Freeman ended his tenure as a director on 30 June 2026. Filed with the ASX on 2 July 2026 by Company Secretary Matthew Rowe, the notice outlines Freeman's final declared shareholdings across multiple accounts at the time of his departure. This filing complies with ASX Listing Rule 3.19A.3 and section 205G of the Corporations Act. Investors in the diversified listed investment company should note this change in board composition as a governance update to monitor.
Key Points
- Company: AMCIL Limited (ASX:AMH)
- Director Robert Mark Freeman ceased his directorship on 30 June 2026
- Final Director's Interest Notice lodged on 2 July 2026 in accordance with ASX Listing Rule 3.19A.3
- Freeman held a total of 1,300,577 ordinary shares across three accounts at departure
- No shares were registered directly in Freeman's name; all were held via associated accounts
- Investors should watch for announcements regarding a replacement director or adjustments to board committees
Robert Mark Freeman Officially Leaves AMCIL Board as of 30 June 2026
Robert Mark Freeman officially stepped down as a director of AMCIL Limited on 30 June 2026, as confirmed in the Final Director's Interest Notice lodged with the ASX on 2 July 2026. The notice was submitted by Company Secretary Matthew Rowe to meet ASX listing obligations requiring disclosure of a departing director’s final securities interests.
The prior notice for Freeman was dated 25 February 2026, making this filing an update reflecting his holdings at departure. The company has not provided reasons for Freeman’s exit or indicated plans to fill the vacancy. Shareholders seeking further details on this board change should monitor future AMCIL announcements for governance updates.
Freeman’s Shareholdings Spread Across Three Accounts
The Final Director's Interest Notice shows Freeman did not hold any AMCIL ordinary shares directly in his own name at departure. Instead, all shares were held through related accounts, a common practice for directors managing personal and superannuation investments via associated entities.
The notice details three holdings: 811,333 ordinary shares under "Robert Mark Freeman <Greville Investment A/C>", an additional 224,002 shares also under "Robert Mark Freeman <Greville Investment A/C>" listed separately, and 265,242 shares held via "Freeman Superannuation Pty Ltd <The Freeman super fund>". The announcement does not disclose the value of these holdings or any share transactions around the departure date.
Aggregate Shareholding Exceeds 1.3 Million AMCIL Shares
Combining the three holdings, Freeman’s declared interest totals 1,300,577 ordinary shares at the time he left the board. This includes 1,035,335 shares across the two Greville Investment accounts and 265,242 shares held through the Freeman Superannuation Fund.
Both Greville Investment account holdings appear under Part 2 of the Appendix 3Z form, indicating Freeman’s relevant interest without direct registration. This reflects typical structures where directors hold beneficial interests through trusts, companies, or superannuation funds rather than directly in their own name. The accounts are clearly linked to Freeman in line with Corporations Act disclosure requirements.
Significance of the Appendix 3Z Filing for AMCIL and Its Investors
The Appendix 3Z – Final Director's Interest Notice – is a mandatory disclosure under ASX Listing Rule 3.19A.3, required promptly after a director leaves office. It provides a transparent record of the departing director’s securities interests at cessation.
For AMCIL shareholders, this filing does not indicate any changes to investment strategy, portfolio makeup, or financial results. AMCIL is a listed investment company investing in a diversified Australian equities portfolio managed by Australian Foundation Investment Company Limited (AFIC). The board’s role is governance and oversight, so director departures, while noteworthy, do not directly impact the company’s investment mandate or portfolio management.
No Contractual Interests or Additional Securities Declared by Freeman
Part 3 of the Appendix 3Z, requiring disclosure of any contracts between the director and AMCIL, is marked "N/A" for Freeman. This confirms he held no contractual interests beyond his ordinary shares through associated accounts at departure.
This aligns with the typical profile of a non-executive director at a listed investment company, who usually does not have performance-based contracts or option agreements linked to company securities. The company has not disclosed any termination payments, retirement benefits, or other financial arrangements related to Freeman’s exit in this update.
Background on Freeman’s Tenure and Previous Disclosures
The last Director’s Interest Notice for Freeman was lodged on 25 February 2026, serving as the reference point for any shareholding changes up to 30 June 2026. The company has not indicated whether any changes occurred in that period.
This update does not provide biographical details, length of service, committee memberships, or acknowledgments of Freeman’s contributions. Investors interested in his professional background or tenure with AMCIL should consult prior annual reports or the company website. No immediate share price reaction to his departure was evident from publicly available information.
AMCIL’s Governance and Board Oversight Responsibilities
AMCIL Limited operates as an externally managed listed investment company with AFIC providing investment management under contract. The board focuses on governance, overseeing the management agreement, and ensuring shareholder interests are upheld rather than managing portfolio holdings directly.
Board composition remains important to shareholders relying on independent directors to oversee management agreements, fee structures, capital management, and dividend policy. Any appointment to fill Freeman’s vacancy will be closely watched by the market, with investors anticipating updates on board succession following his departure.
Compliance and Timeliness of the Notice Submission
The notice was lodged on 2 July 2026, the first business day after Freeman’s 30 June cessation, complying with ASX requirements to file a Final Director’s Interest Notice promptly after a director leaves office. This timely submission indicates AMCIL’s company secretarial team is managing continuous disclosure obligations effectively.
Company Secretary Matthew Rowe signed the covering letter for the Appendix 3Z, confirming compliance with disclosure obligations under section 205G of the Corporations Act 2001. No further governance changes or board composition details were provided in this update.
Investor Considerations Following Freeman’s Departure
Shareholders and prospective investors should monitor AMCIL for announcements regarding the appointment of a new director to fill the vacancy and any resulting changes to board committee memberships.
Beyond governance, AMCIL’s investment performance, net tangible asset backing per share, and dividend declarations remain key metrics for shareholders. This filing solely addresses regulatory disclosure of a departing director’s final securities interests. For updated financial and portfolio information, investors should refer to AMCIL’s latest NTA announcements and upcoming half-year or full-year results releases.
