Adslot Ltd (ASX:ADS) has received a notice of change of interests of substantial holder disclosing that director Andrew Dyer and his associates increased their voting power in the company from 9.17% to 10.28%, following a series of share transactions between 10 August 2026 and 2 November 2026.

Key Points

  • Andrew Dyer and associates held 619,869,901 votes as of the present notice, up from 541,951,401 at the previous notice dated 29 April 2026.
  • Two separate issues of shares under a Director Fees Plan were made on 10 August 2026 and 2 November 2026, each comprising 38,959,250 fully paid ordinary shares at a consideration of $38,959.25.
  • An off-market transfer of 166,455,150 fully paid ordinary shares was completed on 8 September 2026, from Securities Markets Capital Pty Ltd to Long Term Capital Investors Pty Ltd, for a consideration of $166,455.15.
  • The change in relevant interest was recorded on 2 November 2026, with the notice signed by Andrew Dyer in his capacity as Director on 3 November 2026.

Director Fees Plan Share Issues and Off-Market Transfer

According to the filing, three transactions occurred since the previous substantial holding notice. On 10 August 2026, Securities Markets Capital Pty Ltd received 38,959,250 fully paid ordinary shares issued under the Director Fees Plan for a consideration of $38,959.25. On 8 September 2026, Securities Markets Capital Pty Ltd transferred 166,455,150 fully paid ordinary shares to Long Term Capital Investors Pty Ltd in an off-market transfer between entities for a consideration of $166,455.15, with no net change in person's votes recorded. On 2 November 2026, a further 38,959,250 fully paid ordinary shares were issued to Securities Markets Capital Pty Ltd under the Director Fees Plan for $38,959.25.

Present Relevant Interests Held Across Three Entities

Following the changes, Andrew Dyer's relevant interests in Adslot Ltd are held across three registered entities. DM Kelly Pty Ltd, as trustee of the DMK Superannuation Fund, holds 116,159,894 fully paid ordinary shares. Securities Markets Capital Pty Ltd, as trustee of The Dyer MIF, holds 287,254,857 fully paid ordinary shares. Long Term Capital Investors Pty Ltd, as trustee of The Next Generation Growth Fund, holds 216,455,150 fully paid ordinary shares. The combined total across these three holdings amounts to 619,869,901 votes, representing a voting power of 10.28% in Adslot Ltd.

Previous Notice and Voting Power Comparison

The filing states that the previous substantial holding notice was given to the company on 29 April 2026 and was also dated 29 April 2026. At that time, Andrew Dyer and associates held 541,951,401 votes, equating to a voting power of 9.17% in fully paid ordinary shares of Adslot Ltd. The present notice records the change in relevant interest as occurring on 2 November 2026. No changes in association were reported in the filing.