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