Major Shareholders

Current Shares In Issue: 1,724,230,526

The following positions are approximate using on Company analysis, based on the outcome of the recent Rights Issue (13 June 2025) are subject to change following confirmation from shareholders.

Shareholders owning 3% or more Number of ordinary shares held % of issued share capital
Assore International Holdings Limited 566,357,695 32.8
Rational Expectations (Pty) Ltd1 307,887,464 17.9
Oasis Group Holdings (Pty) Ltd2 126,981,859 7.4
FIL Limited 102,590,538 5.9
Ophorst Van Marwijk Kooy Vermogensbeheer N.V. 93,535,377 5.4
Van Lanschot Kempen N.V. 89,821,219 5.2
Sean Gilbertson (CEO)3 71,246,750 4.1

1 The Rational Expectations holding includes interests held by Rational Expectations (Pty) Ltd (11.80%), Afrika Avontuur Kapitaal (Pty) Ltd (2.41%), Wimsey Capital (Pty) Ltd (1.45%), Groenpunt Kapitaal Limited (0.67%), Rozendal & Associates Holdings Ltd (0.61%), Potdrie (Pty) Ltd (0.33%), Five Words Capital (Pty) Ltd (0.33%), Potdrie (PTY) Ltd (0.33%), ZAR Ladbrook Opportunities (Pty) Ltd (0.22%) and Beaucourt Holdings (Pty) Ltd (0.04%).

2 The Oasis Group shareholding includes interests held by Oasis Asset Management and Oasis Crescent Capital.

3 Sean Gilbertson directly owns 25,904,673 Ordinary Shares, representing 1.5 per cent. of the Company’s issued share capital. He has an indirect interest over Ordinary Shares by virtue of being a beneficiary of the Brian Patrick Gilbertson Discretionary Settlement, a family trust which: (1) holds directly 42,556,167 Ordinary Shares; and (2) owns Autumn Holdings Asset Inc., which, in turn, holds a further 2,785,911 Ordinary Shares.

Last updated on 16 January 2026