Maas Group Holdings Substantial Holder Wesley Jon Maas Voting Power Rises to 58.19% After On-Market Buy-Back Cancellation

Mukul

10 November 2026 04:50 PM AEDT

Maas Group Holdings Substantial Holder Wesley Jon Maas Voting Power Rises to 58.19% After On-Market Buy-Back Cancellation

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Maas Group Holdings Limited (ASX:MGH) has received a notice of change of interests of substantial holder from Wesley Jon Maas and Emma Margaret Maas, disclosing that their combined voting power in the company increased from 55.05% to 58.19% following the cancellation of 17,509,876 ordinary shares pursuant to an on-market buy-back conducted between 16 October 2026 and 6 November 2026.

Key Points

Wesley Jon Maas and Emma Margaret Maas reported a change in their substantial holding on 9 November 2026, with voting power rising from 55.05% to 58.19%.
The change in relevant interest arose from the cancellation of 17,509,876 ordinary shares pursuant to an on-market buy-back during the period 16 October 2026 to 6 November 2026.
The total number of fully paid ordinary shares in which the substantial holders have a relevant interest remains 178,908,133.
No consideration was given by Wesley Jon Maas or Emma Margaret Maas in relation to the change in relevant interest.

Change in Voting Power Following Share Cancellation

According to the filing, the relevant interest of Wesley Jon Maas and Emma Margaret Maas remained at 178,908,133 fully paid ordinary shares in both the previous and present notices. The increase in voting power from 55.05% to 58.19% was not the result of any acquisition of additional shares by the substantial holders. Instead, the filing states the change arose from the cancellation of 17,509,876 ordinary shares under Maas Group Holdings' on-market buy-back program, which operated between 16 October 2026 and 6 November 2026. No consideration was given in relation to the change.

Details of Relevant Interest Holdings After the Change

Annexure B of the filing sets out the present relevant interests held by Wesley Jon Maas. These comprise 9,409,065 ordinary shares held directly by Wesley Jon Maas, 57,480,829 ordinary shares held by W & E Maas Holdings Pty Ltd as trustee for the Maas Family Trust, and 10,257,703 ordinary shares held by Maas Invest Pty Ltd as trustee for the Maas Invest Trust. The relevant interests in the trust-held securities are disclosed under sections 608(3)(b) and (c) of the Corporations Act 2001. The filing does not separately specify shares attributed solely to Emma Margaret Maas in Annexure B.

Substantial Holder Notice and Previous Disclosure

The filing was signed by Wesley Jon Maas and Emma Margaret Maas on 9 November 2026, the same date recorded as the date of change in relevant interest. The previous substantial holding notice was given to the company and dated 16 October 2026. Both substantial holders are listed at the same address in Dubbo, New South Wales. No changes in association were disclosed, with the filing recording N/A for both name and nature of association in the changes in association section.

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