Sandon Capital Lifts Voting Power in Ignite Limited to 15.6% After On-Market Purchases

Anjali Anand

10 November 2026 01:46 PM AEDT

Sandon Capital Lifts Voting Power in Ignite Limited to 15.6% After On-Market Purchases

Image Source: Krish Capital Pty Ltd

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Ignite Limited (ASX:IGN) has received a notice of change of interests of substantial holder from Sandon Capital Pty Ltd, disclosing that its voting power in the company increased from 13.5% to 15.6% following on-market purchases of ordinary shares on 9 November 2026.

Key Points

Sandon Capital Pty Ltd's voting power in Ignite Limited moved from 13.5% to 15.6% across ordinary shares.
On-market purchases on 9 November 2026 included 102,137 shares acquired by One Fund Services Ltd as trustee of Sandon Capital Activist Fund for $61,484, and 227,863 shares acquired by Sandon Capital Investments Limited for $137,169.
The present notice is based on 16,540,206 shares on issue, compared with 163,187,089 shares on issue at the time of the previous notice.
Sandon Capital Pty Ltd holds a total relevant interest of 2,579,926 ordinary shares after the change, comprising 798,503 shares held via Sandon Capital Activist Fund and 1,781,423 shares held via Sandon Capital Investments Limited.

Change in Voting Power and Shares on Issue

According to the filing, Sandon Capital Pty Ltd previously held a relevant interest of 21,989,580 ordinary shares, representing 13.5% voting power, based on 163,187,089 shares on issue. Following the change recorded on 9 November 2026, the substantial holder's relevant interest stands at 2,579,926 ordinary shares, equating to 15.6% voting power, based on 16,540,206 shares on issue. The previous notice was given to the company on 2 April 2024 and was also dated 2 April 2024. The Form 604 was signed by Gabriel Radzyminski in his capacity as Director, dated 10 November 2026.

On-Market Purchases on 9 November 2026

The filing details two on-market transactions executed on 9 November 2026. One Fund Services Ltd, as trustee of Sandon Capital Activist Fund, purchased 102,137 ordinary shares for consideration of $61,484. Separately, Sandon Capital Investments Limited purchased 227,863 ordinary shares for consideration of $137,169. Both entities are associates of the substantial holder, Sandon Capital Pty Ltd, which acts as investment manager for both Sandon Capital Activist Fund and Sandon Capital Investments Limited, and holds the power to exercise voting power and dispose of securities on their behalf.

Present Relevant Interests After the Change

Following the transactions, Sandon Capital Pty Ltd's total relevant interest in Ignite Limited consists of 2,579,926 ordinary shares, with 2,579,926 votes attached. Of these, 798,503 shares are registered in the name of Palm Beach Nominees Pty Ltd, with One Fund Services Ltd as trustee of Sandon Capital Activist Fund entitled to be registered as holder. A further 1,781,423 shares are also registered in the name of Palm Beach Nominees Pty Ltd, with Sandon Capital Investments Limited entitled to be registered as holder. Sandon Capital Pty Ltd holds its relevant interest as investment manager over both entities.

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