Fortescue Limited (ASX:FMG) substantial holder John Andrew Henry Forrest has disclosed a change in his relevant interests in the company as of 9 November 2026, with his voting power falling from 36.74% to 35.40%, according to a Form 604 substantial holder notice filed on 11 November 2026.

Key Points

  • John Andrew Henry Forrest's voting power in Fortescue Limited decreased from 36.74% to 35.40%, representing a move from 1,131,365,000 to 1,090,033,238 fully paid ordinary shares.
  • Forrest acquired a relevant interest in 8,668,238 shares held by Judith Street pursuant to a joint enduring power of attorney.
  • Forrest ceased to hold a relevant interest in 50,000,000 shares previously held by Coaxial Ventures Pty Ltd as trustee for the Coaxial Ventures Discretionary Trust.
  • The previous substantial holding notice was given to the company on 22 June 2023.

Changes in Relevant Interests on 9 November 2026

Two changes to Forrest's relevant interests were recorded on 9 November 2026. The first was the acquisition of a relevant interest in 8,668,238 fully paid ordinary shares held by Judith Street, arising from Forrest holding a joint enduring power of attorney for Street. No consideration was given in relation to this change. The second was the cessation of a relevant interest in 50,000,000 shares that had been held by Coaxial Ventures Pty Ltd as trustee for the Coaxial Ventures Discretionary Trust as at the date of the last notice. No consideration was given in relation to that change either.

Present Relevant Interests Across Multiple Entities

Following the changes, Forrest's 1,090,033,238 fully paid ordinary shares are held across several entities. Tattarang Pty Ltd as trustee for The Peepingee Trust holds 733,844,029 shares, while AMNL Financing Pty Ltd as trustee for the Tattarang AMNL Investment Trust holds 101,730,842 shares. Minderoo Foundation Limited as trustee for the Minderoo Foundation Trust holds 245,702,266 shares, and Forrest Family Foundation Pty Ltd as trustee for the Forrest Family Foundation holds 54,500 shares. Forrest personally holds 33,363 shares as registered holder, with the remaining 8,668,238 shares held by Judith Street under the joint enduring power of attorney arrangement.

Basis of Relevant Interests and Association Disclosures

Forrest's relevant interests in shares held through Tattarang, AMNL Financing, Forrest Family Foundation, and Minderoo Foundation arise under section 608(3) of the Corporations Act 2001, as Forrest holds voting power of more than 20% in each of those entities or their controlling entities. His direct shareholding and the interest arising from the Judith Street power of attorney are recorded under section 608(1) of the Corporations Act. The filing states there was no change in persons who are associates of Forrest in connection with the relevant interests disclosed.