L1 Capital trims Westgold Resources stake below 10%

L1 Capital Pty Ltd, a substantial holder in Westgold Resources Limited, reported a significant change in its interests, with its voting power decreasing from 10.52% to 9.33%. This change was primarily due to a series of on-market sales between August 28, 2025, and October 13, 2025. The previous notice was given on August 21, 2025.

The total number of votes attached to L1 Capital's relevant interest fell from 99,259,651 to 88,194,356. The on-market sales involved substantial consideration, totaling over $55m across multiple transactions during the period. The largest single sale occurred on October 2, 2025, with 2,823,592 FPO shares sold for $14,821,535.10.

Key holders of L1 Capital's present relevant interests include Merrill Lynch (Australia) Nominees Pty Limited, Morgan Stanley & Co. International PLC, Goldman Sachs International, and JPMorgan Chase Bank, N.A., collectively holding over 88m FPO shares.