Aurizon: director departs, L1 Capital boosts stake to over 9%

Aurizon Holdings Limited confirmed the departure of director Russell Caplan, with his directorship ceasing on August 29, 2025. The final director's interest notice, dated September 2, 2025, detailed Mr. Caplan's relevant interest in 82,132 shares held by Invia Custodian Pty Ltd, A/C Russell Ronald & Eva Caplan as Trustees for AVESUR Superannuation Fund. His last reported notice was on December 23, 2011.

In a separate but concurrent development, L1 Capital Pty Ltd and L1 Capital Strategic Equity Management Pty Ltd announced a significant change in their substantial holding in Aurizon. As of August 29, 2025, their voting power increased from 7.28% (129,061,848 votes) to 9.08% (158,865,197 votes), based on a revised issued capital figure of 1,750,443,988 shares. This change was predominantly driven by on-market purchases throughout July and August 2025 by both L1 Capital entities.

The various transactions involved substantial consideration. For example, on August 18, 2025, L1 Capital Pty Ltd made an on-market purchase for AUD 15,142,314.00, acquiring 4,588,580 shares. On September 2, 2025, L1 Capital Pty Ltd purchased 3,353,673 shares for AUD 10,717,421.39, while L1 Capital Strategic Equity Management Pty Ltd acquired 3,261,147 shares for AUD 10,421,733.62. These transactions reflect a notable increase in L1 Capital's stake in Aurizon Holdings Limited.