South32 increases stake in Ecora Resources

LONDON - South32 (OTC:SOUHY) Limited, the Australian mining and metals company, has increased its holdings in UK-based Ecora Resources PLC, according to a regulatory filing. The notification, dated May 19, 2025, indicates that South32 crossed a significant threshold in its share ownership through an internal reorganization.

On May 14, 2025, South32’s voting rights in Ecora Resources reached 17.516473%, an increase from the previous notification which reported a 16.917220% stake. This change represents a total of 43,622,091 voting rights now held by South32.

The filing detailed that the increase in South32’s position came as a result of voting rights being transferred within the South32 group entities during an internal restructure. The shares are legally owned by Canaccord Genuity Wealth Limited, acting as a nominee.

South32 has a complex structure of controlled undertakings, with several subsidiaries listed in the notification, including South32 Southern Africa Holdings Limited, South32 International Investment Holdings Pty Ltd, and others. However, no financial instruments with similar economic effect were reported in the notification.

This adjustment in shareholding has been duly notified to Ecora Resources, with the company receiving formal notification on May 16, 2025. The filing was completed in Perth, Australia.

Ecora Resources PLC, listed on the London Stock Exchange (LON:LSEG), is involved in the exploration and production of various mineral resources. The increase in South32’s shareholding is a strategic move within the mining sector, reflecting changes in ownership that can influence company control and decision-making.

The information, based on a press release statement, was provided by RNS, the news service of the London Stock Exchange and is approved by the Financial Conduct Authority in the UK. The London Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this information.

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