Hamilton Locke has advised Kelly Partners Group Holdings Limited (ASX:KPG) on implementing its innovative dual-class loyalty share structure as part of KPG’s move from ASX to Nasdaq, the firm announced on 27 October 2026. According to the firm, the structure was implemented following overwhelming support from shareholders.
Hamilton Locke worked with KPG to design Class B share terms to reward loyalty of long term shareholders. The new shares have 10 votes per share and special class rights to appoint up to 3 Class B representative directors on a total board of 6. The Hamilton Locke team was led by Partner Guy Sanderson, with Senior Associate Palak Thaker and Lawyer Archie Shrotriya.
Chambers and Co. since 2004.
Sanderson said: “Kelly Partners Group is a fast growing, founder led Australian company. The time is right for a Nasdaq listing, as most of the company’s investors and growth opportunities are now outside Australia. We were very pleased to be involved in developing the innovative dual-class loyalty share structure which will reward long term holders, and which is a first for an Australian public company.”
For detailed information, as well as the picture copyright, please see the law firm’s original article here: https://hamiltonlocke.com.au/hamilton-locke-advises-kelly-partners-group-on-innovative-dual-class-share-structure-and-move-to-nasdaq/
