Aeris Environmental Ltd (ASX:AEI) has received a notice of change of interests of substantial holder Steven Kenneth Kritzler, disclosing that his voting power in the company decreased from 8.9% to 7.8% following a share placement on 27 October 2026, while his total holding of 21,919,452 fully paid ordinary shares remained unchanged.

Key Points

  • Steven Kenneth Kritzler's voting power in Aeris Environmental decreased from 8.9% to 7.8% as of 27 October 2026.
  • The number of shares held by Kritzler remained at 21,919,452 fully paid ordinary shares across both the previous and present notices.
  • The change in voting power was attributed to dilution caused by an AEI placement of shares, with no consideration given in relation to the change.
  • Kritzler holds shares directly and indirectly through the S Kritzler Family Account and the S&J Kritzler Super Fund.
  • The previous substantial holding notice was given to the company on 24 June 2025.

Share Placement Dilution Details

According to the filing, the change in Kritzler's relevant interest occurred on 27 October 2026 and was the result of an AEI placement of shares. The filing states that the nature of the change was that Kritzler's interest was diluted by the placement, and that no consideration was given in relation to the change. The number of voting shares held by Kritzler did not change between the previous and present notices, remaining at 21,919,452 fully paid ordinary shares, while the total votes in the company increased as a result of the placement.

Breakdown of Present Relevant Interests

The filing sets out three components of Kritzler's present holding. He holds 10,831,609 fully paid ordinary shares indirectly through the S Kritzler Family Account, with beneficial ownership attributed to Steven Kenneth Kritzler. A further 2,921,176 fully paid ordinary shares are held indirectly through the S&J Kritzler Super Fund, also with beneficial ownership attributed to Kritzler. Additionally, Kritzler holds 8,166,667 fully paid ordinary shares directly in his own name. All three holdings are described as beneficial ownership in the filing.

Filing and Signature Details

The notice was signed by Steven Kenneth Kritzler in his capacity as beneficial owner, with the form dated 11 November 2026. The previous notice given to the company was dated 24 June 2025. No changes in association were disclosed, with the filing stating that changes in association were not applicable. The filing confirms there are no associates named in connection with the substantial holding, and no changes in the nature of any association have been reported since the previous substantial holding notice was provided to the company.