First Sentier Group cuts stake in West African Resources

First Sentier Group Limited and its related bodies corporate have reported a notable reduction in their substantial holding in West African Resources Ltd. As of December 19, 2025, their voting power stands at 6.45%, down from the previous 7.96% reported on December 8, 2025. This change represents a decrease from 90,881,381 votes to 73,708,933 votes.

The updated figures include 153,552 shares where First Sentier Group Limited and its subsidiaries maintain voting power, along with 73,555,381 shares for which Mitsubishi UFJ Financial Group, Inc., First Sentier Group Limited's ultimate parent, holds voting power. A recent transaction on December 16, 2025, involved First Sentier Investors RQI Pty Ltd increasing borrowed shares by 153,552 from Citigroup Global Markets Limited, as detailed in an associated prime brokerage agreement.