Fortescue Ltd (ASX:FMG) has received a Form 605 Notice of ceasing to be a substantial shareholder from BlackRock Inc. and its associated entities, with the notice dated 25 September 2026 and reflecting changes in relevant interests recorded on 23 September 2026.

Key Points

  • BlackRock has filed a Form 605 Notice of ceasing to be a substantial shareholder in Fortescue Ltd (ASX:FMG).
  • Changes in relevant interests were recorded on 23 September 2026 across multiple BlackRock entities and APERIO GROUP LLC.
  • Transactions on 23 September 2026 included on-market sales and purchases, in specie transfers, and collateral transfers in ordinary shares and ADRs.
  • On-market sell transactions were executed at prices of AUD 16.87 and AUD 16.85 per ordinary share.
  • The notice was signed by Jack Tuberosa as Authorised Signatory and dated 25 September 2026.

Transactions Recorded on 23 September 2026

The filing discloses a range of transactions across multiple BlackRock entities on 23 September 2026. On-market sell transactions were carried out by BlackRock Advisors LLC, BlackRock Institutional Trust Company National Association, BlackRock Investment Management LLC, BlackRock (Singapore) Limited, BlackRock Investment Management (Australia) Limited, BlackRock Investment Management (UK) Limited, BlackRock International Limited, BlackRock Advisors (UK) Limited, and BlackRock Financial Management Inc., at prices of AUD 16.87 and AUD 16.85 per ordinary share. On-market buy transactions were executed by BlackRock Asset Management Deutschland AG and BlackRock Advisors (UK) Limited at AUD 16.85 per ordinary share.

In Specie and Collateral Transfer Movements

In addition to on-market activity, the filing records in specie transfers involving BlackRock Fund Advisors and BlackRock Investment Management LLC in ordinary shares, as well as in specie transactions by APERIO GROUP LLC involving both ADRs (at a 2:1 ratio) and ordinary shares. Collateral transfers were recorded for BlackRock Japan Co. Ltd., BlackRock Advisors (UK) Limited, BlackRock Financial Management Inc., BlackRock Investment Management LLC, and BlackRock Investment Management (UK) Limited. According to the filing, collateral is held through a tripartite structure under which the triparty collateral manager will not act in respect of voting rights unless it receives instructions to do so from the Borrower.

Securities Lending Agreement Disclosures

The filing includes an Annexure C disclosing that the collateral transfer transactions referred to in Annexure A are governed by Global Master Securities Lending Agreements, Overseas Securities Lending Agreements, or Master Securities Lending Agreements. The filing states that the holder of voting rights for collateral is the Borrower, that the Borrower is entitled to substitute existing collateral with other equities at any time, that the lender has the right to recall early at notice, and that securities will be returned on settlement. The transfer date corresponds to the date of the relevant transactions identified in Annexure A.