On September 22, 2023, Redbubble Limited announced that it has issued a notice of annual general meeting of shareholders which is scheduled to be held on October 24, 2023. In the notice of annual general meeting, the Company stated that Michael McConnell, an external non-Board endorsed candidate, has nominated himself for appointment to the Board of the Company. The Company also stated that Michael McConnell met with the Chairman and subsequently met with the Chairman and the current Group CEO in person.

Following these discussions, the Board formed the view that Michael McConnell?s experience and track record as an activist investor in multiple companies was not consistent with the needs of the Company or the creation of sustainable shareholder value. The Company added that its Board decided not to appoint Michael McConnell and recommended its shareholders to vote against his appointment as a director and, instead, appointed Robert Sherwin. The Company also recommended its shareholders to re-elect, Anne Ward, as a Director of the Company.