• D2A Holdings Pte Ltd and SPL Pacific Ltd have sold their full shareholding to Brunneis Investments Pty Ltd and Fiona Tudor Brown ATF FiBrown Family Trust No 2
• Brunneis has disclosed its voting power in the Company is 19.62%
• Brunneis will abstain from voting on the proposed buy-backs

Shriro Holdings Limited (ASX:SHM) has provided an update on its proposed buy-backs, which were outlined in the company's 2025 Notice of Annual General Meeting. Since the publication of the Notice of Meeting, D2A Holdings Pte Ltd and SPL Pacific Ltd have sold their full shareholding in the company to Brunneis Investments Pty Ltd and Fiona Tudor Brown ATF FiBrown Family Trust No 2 (collectively Brunneis) for a price of 87 cents per share. Brunneis has disclosed that its voting power in the company is 19.62%. The company has also noted that Ariadne Australia Limited has sold its full shareholding in the company. The update includes an illustration of the potential change in voting power for each of the current substantial holders of the company following completion of each of the three proposed buy-backs, assuming the buy-backs proceed and the maximum number of shares are bought back, and that none of the substantial holders participate or otherwise acquire or dispose of any shares. The company has stated that Brunneis has notified it that it will abstain from voting on the resolutions relating to the proposed buy-backs, but has not otherwise determined whether it intends to participate in any of the buy-backs. The company has also noted that Tim Hargreaves, the CEO, no longer intends to participate in the buy-backs. Finally, the company has stated that it reserves the discretion to undertake the second and third buy-backs either sequentially or concurrently, and the right not to proceed with any or all of the buy-backs.