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PERTH - Kevin Das’s voting power in New Frontier Minerals Limited (ASX:NFM) has decreased from 5.56% to 5.03%, according to a Form 604 notice filed Tuesday with the Australian Securities Exchange.
The reduction in Das’s proportional ownership was not due to any sale of shares but resulted from dilution following a placement of new shares by the company on June 16, 2025. Das continues to hold the same number of ordinary shares—80,833,333—as reported in his previous substantial holder notice dated November 28, 2024.
The shares are registered under Adamantium Corporate Pty Ltd as trustee for the Das Family Trust, according to the filing.
New Frontier Minerals, which is dual-listed on the London Stock Exchange (LON:LSEG) and Australian Securities Exchange, operates in the industrial metals and mining sector. The company disclosed the change in substantial holdings in a statement released to the market on July 22.
Under Australian securities regulations, investors must file updated disclosures when their voting power in a publicly listed company changes by at least 1% or drops below the 5% threshold that defines a substantial holder.
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