BlackRock Ceases to Be Substantial Shareholder in ALS Ltd After Series of October Trades

Sonal Goyal

10 November 2026 12:56 PM AEDT

BlackRock Ceases to Be Substantial Shareholder in ALS Ltd After Series of October Trades

Image Source: Krish Capital Pty Ltd

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ALS Ltd (ASX:ALQ) disclosed that BlackRock, Inc. has ceased to be a substantial shareholder in the company, following an extensive series of on-market trades, in specie transfers, and collateral transfers conducted across multiple BlackRock group entities throughout October 2026.

Key Points

BlackRock filed a Form 605 Notice of Ceasing to be a Substantial Shareholder in ALS Ltd, with the notice dated 10 November 2026.
Multiple BlackRock group entities were involved in the changes, including BlackRock Fund Advisors, BlackRock Advisors (UK) Limited, BlackRock Investment Management (Australia) Limited, BlackRock Financial Management Inc., and BlackRock Japan Co., Ltd., among others.
Transactions included on-market buys and sells, in specie transfers, and collateral transfers across ordinary shares (ORD) denominated in Australian dollars between 15 October and 26 October 2026.
On-market trade prices recorded across the period ranged from AUD 19.57 to AUD 20.37 per ordinary share, as disclosed in the annexure.

Form 605 Notice of Ceasing to Be a Substantial Shareholder

The filing lodged with the ASX is a Form 605 Notice of Ceasing to be a Substantial Shareholder, dated 10 November 2026, and relates to ALS Ltd ordinary shares. The notice was authorised by Emma Okoniewski as Authorised Signatory on behalf of the BlackRock group. The annexure to the form spans five pages and details the full sequence of relevant interest changes across numerous BlackRock affiliated entities during October 2026.

Transaction Activity Across BlackRock Group Entities

Across the period from 15 October to 26 October 2026, the annexure records a large number of individual transactions in ALS Ltd ordinary shares. These included on-market purchases and sales, in specie transfers with no consideration disclosed, and collateral transfers also recorded with no consideration. Entities involved included BlackRock Capital Management Inc., BlackRock Institutional Trust Company National Association, BlackRock Asset Management North Asia Limited, BlackRock Asset Management Canada Limited, BlackRock Investment Management (UK) Limited, and BlackRock Japan Co., Ltd.

Notable Collateral Transfer Volumes on Specific Dates

Among the more significant individual transactions disclosed in the annexure, BlackRock Advisors (UK) Limited recorded a collateral transfer of 635,573 ordinary shares on 15 October 2026, and a collateral transfer of negative 1,216,142 ordinary shares on 18 October 2026. On 19 October 2026, BlackRock Advisors (UK) Limited recorded a collateral transfer of 771,748 shares, while BlackRock Investment Management (UK) Limited recorded a collateral transfer of 500,156 shares on the same date. On 25 October 2026, BlackRock Advisors (UK) Limited recorded a collateral transfer of negative 1,205,183 shares.

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