Azzuro Resources Discloses Stephen Roux Reduces Voting Power by 1.20% via 12,343,326 CDI Sales

Mukul

09 November 2026 08:14 PM AEDT

Azzuro Resources Discloses Stephen Roux Reduces Voting Power by 1.20% via 12,343,326 CDI Sales

Image Source: Krish Capital Pty Ltd

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Azzuro Resources PLC (ASX:AZ9) has disclosed a change in the interests of substantial shareholder Stephen Roux, following on-market sales of 12,343,326 CHESS Depository Interests (CDIs) over the period 22 October 2026 to 6 November 2026, resulting in a voting power change of 1.20%.

Key Points

Stephen Roux sold 12,343,326 CDIs on-market between 22 October 2026 and 6 November 2026
Roux's total voting power decreased from 7.47% to 6.26%, a change of 1.20%
The sales occurred through Asia Ventures Pty Ltd, reducing that holding from 23,245,144 CDIs to 10,901,818 CDIs
Kerry Resources Logistics (Hong Kong) Limited remains the largest substantial shareholder with 203,875,000 CDIs, or 19.90%
Total securities on issue remain at 1,024,545,388

Stephen Roux CDI Sales and Voting Power Change

According to the filing, the on-market sales of 12,343,326 CDIs were executed through Asia Ventures Pty Ltd, which held the account styled as AsTech Investment No 1 A/C. That holding fell from 23,245,144 CDIs, representing 2.27% of the company, to 10,901,818 CDIs, representing 1.06%. Roux's remaining associated entities — Dragon Tree Capital Holdings Pty Ltd, Listeners Pty Ltd, and DTC Nominees Pty Ltd — recorded no movement in their respective holdings over the same period. Stephen Roux's aggregate interest across all associated entities stood at 64,155,873 CDIs, or 6.26%, as at 6 November 2026.

Other Substantial Shareholder Positions at 6 November 2026

The filing sets out the positions of all substantial shareholders as at 6 November 2026. Kerry Resources Logistics (Hong Kong) Limited held 203,875,000 CDIs, unchanged at 19.90%. The combined interest of Gan-Ochir Zunduisuren and Achbal LLC totalled 69,806,226 CDIs at 6.81%, also unchanged. The combined interest of Amgalan Sandag and Green Dragon LLC totalled 67,411,769 CDIs at 6.58%, likewise unchanged. No movement was recorded for any of these shareholders during the period from 15 October 2026 to 6 November 2026.

Disclosure Framework and Company Structure

Azzuro Resources PLC noted in the filing that it is not an Australian incorporated company and that the Corporations Act provisions relating to substantial holders do not apply to it. The company stated it has undertaken to ASX to replicate substantial holder disclosure obligations to the best of its knowledge. Under this arrangement, the company disclosed it uses best endeavours to provide notice when a shareholder obtains voting power of 5% or more, and after each subsequent voting power change of 1% or more, or when a shareholder ceases to hold voting power of 5% or more. The previous substantial shareholder details, as at 15 October 2026, were announced on 16 October 2026.

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