UBS Group AG boosts stake in West African Resources

UBS Group AG and its related bodies corporate announced a change in their substantial holding in West African Resources Ltd., increasing their voting power from 5.14% to 6.21%. The change in interests occurred on December 5, 2025. This represents an increase of 12,294,815 ordinary votes, bringing their total votes to 70,968,558.

The increase in voting power is attributed to various transactions, primarily sales, conducted by different UBS entities. Key holders of relevant interests include UBS AG Australia Branch, UBS AG London Branch, UBS AG Singapore Branch, UBS Asset Management (Australia) Ltd, UBS Asset Management Switzerland AG, UBS Fund Management (Switzerland) AG, and UBS Securities Australia Ltd.

The document details numerous individual changes in relevant interests across various dates in late 2024 and throughout 2025, largely involving sales by UBS AG London Branch and UBS Securities Australia Ltd, alongside other UBS entities. The changes primarily involved ordinary shares.