Ignite Limited Receives Notice of Timothy Moran Ceasing to Be Substantial Holder After On-Market Transfer of 832,000 Shares

Aakashdeep

11 November 2026 02:51 PM AEDT

Ignite Limited Receives Notice of Timothy Moran Ceasing to Be Substantial Holder After On-Market Transfer of 832,000 Shares

Image Source: Krish Capital Pty Ltd

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Ignite Limited (ASX:IGN) has received a Form 605 notice disclosing that Timothy Moran ceased to be a substantial holder in the company on 16 March 2022, following an on-market transfer of 832,000 fully paid ordinary shares for consideration of $499,200.00.

Key Points

Timothy Moran ceased to be a substantial holder in Ignite Limited on 16 March 2022.
The change involved an on-market transfer of 832,000 fully paid ordinary shares.
Total consideration given in relation to the change was $499,200.00.
The previous substantial holding notice was given to the company on 16 March 2022 and was dated 9 November 2026.

Notice of Ceasing to Be a Substantial Holder

According to the filing lodged with the ASX, Timothy Moran submitted a Form 605 Notice of Ceasing to Be a Substantial Holder in Ignite Limited (ACN 002 724 334). The notice states that Moran ceased to hold a substantial interest in the company on 16 March 2022. The form was completed in accordance with Section 671B of the Corporations Act 2001, which requires a person to notify a listed company when they cease to hold a substantial interest in that company's voting securities.

On-Market Transfer Details

The filing discloses that the change in Moran's relevant interest arose from an on-market transfer. The securities affected were 832,000 fully paid ordinary shares in Ignite Limited, with consideration given in relation to the change totalling $499,200.00. The filing records this transaction as the nature of change affecting Moran's voting securities in the company. No further details regarding the identity of the acquiring party or additional transaction terms were disclosed in the filing.

Previous Substantial Holding Notice

The Form 605 filing states that the previous substantial holding notice was given to the company on 16 March 2022 and was dated 9 November 2026. No details regarding the quantum of Moran's previous substantial holding or the percentage of voting power held prior to the change were included in the filing. No changes in association were disclosed, and no persons were identified as having become or ceased to be associates of the substantial holder in connection with this notice.

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