AIC Mines Limited Substantial Holder FMR Investments Voting Power Falls to 10.97% After Share Issuance

Aditi Sarkar

12 November 2026 04:10 PM AEDT

AIC Mines Limited Substantial Holder FMR Investments Voting Power Falls to 10.97% After Share Issuance

Image Source: Krish Capital Pty Ltd

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AIC Mines Limited (ASX:A1M) has received a notice of change of interests of substantial holder from FMR Investments Pty Limited, Peter Mervyn Bartlett and the estate of Ronald George Sayers and their associated entities, disclosing that their combined voting power in the company declined to 10.97% from 14.01%, following an increase in AIC Mines' issued capital with no change in the number of shares held by the substantial holder group.

Key Points

The substantial holder group's voting power changed from 14.01% to 10.97% as of 11 November 2026, with no shares bought or sold.
AIC Mines' issued capital increased from 793,834,055 ordinary shares to 1,013,321,392 ordinary shares, causing the dilution in voting power.
The total number of ordinary shares held by the substantial holder group remained unchanged at 111,206,277.
FMR Investments Pty Ltd holds 110,945,760 ordinary shares; Bremerton Pty Ltd (The Bartlett Family Fund A/C) holds 260,517 ordinary shares.

Change in Voting Power Due to Issued Capital Dilution

According to the filing lodged on behalf of the substantial holder group, the change in voting power was triggered solely by the issue of additional ordinary shares by AIC Mines Limited. The substantial holder's total relevant interest remained fixed at 111,206,277 ordinary shares throughout the period since the previous notice, which was given and dated 29 August 2025. The nature of change recorded for both FMR Investments Pty Ltd and Bremerton Pty Ltd (The Bartlett Family Fund A/C) was nil, with no consideration given in relation to any change, as no shares changed hands.

Present Relevant Interests of the Substantial Holder Group

The filing sets out the present relevant interests of each entity within the substantial holder group. FMR Investments Pty Ltd holds a relevant interest in 110,945,760 ordinary shares pursuant to section 608(1) of the Corporations Act, with FMR Investments Pty Ltd recorded as both the holder of the relevant interest and the registered holder. Bremerton Pty Ltd (The Bartlett Family Fund A/C) holds a relevant interest in 260,517 ordinary shares, also pursuant to section 608(1) of the Corporations Act, with Bremerton Pty Ltd recorded in the same capacity as registered holder.

Previous Notice and Issued Capital Comparison

The filing states that the previous substantial holding notice was given to AIC Mines Limited on 29 August 2025 and was dated the same day. At that time, the substantial holder group's voting power was 14.01%, calculated on an issued capital of 793,834,055 ordinary shares. The present notice, effective 11 November 2026, reflects a voting power of 10.97%, calculated on an issued capital of 1,013,321,392 ordinary shares. The notice was signed by Charles Douglas James Watson on behalf of the substantial holders.

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