Becoming a substantial holder
Released
Released
Announcement PDF
Form 603
Corporations Act 2001
Section 671B
Notice of initial substantial holder
To Company Name/Scheme
Westgold Resources Ltd
ACN/ARSN
009 260 306
1. Details of substantial holder (1)
Name
First Sentier Group Limited ACN 630 725 558 and its related bodies corporate or associates listed in annexure A
ACN/ARSN (if applicable)
630 725 558
The holder became a substantial holder on
08/07/2025
2. Details of voting power
The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a
relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:
Class of securities (4)
Number of securities
Person's votes (5)
51,151,297
Fully Paid ordinary shares
Voting power (6)
51,151,297
5.42%
*Note these securities are comprised of 13,028,318 shares in which First Sentier Group Limited and its subsidiaries have voting power and 38,122,979 securities in which First Sentier
Group Limited's ultimate parent, Mitsubishi UFJ Financial Group, Inc. on and from 8 July 2025, has informed it that it has voting power prior to the date of this notice.
3. Details of relevant interests
The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial
holder are as follows:
Holder of relevant interest
Nature of relevant interest (7)
Class and number of securities
First Sentier Investors RQI Pty
Ltd ACN 133 312 017
Relevant interest under paragraph 608(1)(b) and/or 608(1)(c) of the
Corporations Act 2001 (Cth), being a relevant interest arising from having the
power to control the exercise of the right to vote attached to securities and/or to
control the exercise of the power to dispose of securities in its capacity as
investment manager, as provided for under its investment mandates. In
addition, if any OTC derivatives, warrants or other securities (other than
ordinary shares or ordinary units (as applicable)) are referred to below in this
row, the relevant interest in respect of those securities arises under subsection
608(8) being an accelerated relevant interest held in the same capacity.
11,794,456 Fully Paid ordinary shares
First Sentier Investors
(Australia) IM Ltd ACN 114
194 311
Relevant interest under paragraph 608(1)(b) and/or 608(1)(c) of the
Corporations Act 2001 (Cth), being a relevant interest arising from having the
power to control the exercise of the right to vote attached to securities and/or to
control the exercise of the power to dispose of securities in its capacity as
investment manager, as provided for under its investment mandates. In
addition, if any OTC derivatives, warrants or other securities (other than
ordinary shares or ordinary units (as applicable)) are referred to below in this
row, the relevant interest in respect of those securities arises under subsection
608(8) being an accelerated relevant interest held in the same capacity.
Fully Paid ordinary shares(including 225539
borrowed from Citigroup Global Markets Limited
(Agreement 5), see Annexure C), (including
257322 borrowed from Citigroup Global Markets
3,159,356
Limited (Agreement 13), see Annexure C),
(including 751001 borrowed from Citigroup
Global Markets Limited (Agreement 12), see
Annexure C)
Mitsubishi UFJ Financial
Group
Mitsubishi UFJ Financial Group Inc. (MUFG) owns 100% of First Sentier Group
Limited (indirectly) and has informed First Sentier Group Limited that it has a
relevant interest in the shares noted in this column. Accordingly, First Sentier
Group Limited has a relevant interest or voting power in those shares pursuant
to section 608(3) or section 12(2)(a) of the Corporations Act (as relevant).
MUFG has not provided any further details of that relevant interest accordingly no transaction information is recorded in Appendix B or holder
information is recorded in Section 4. Reference is made to any subsequent
filing of MUFG which will reflect this interest.
38,122,979 Fully Paid ordinary shares
4. Details of present registered holders
The persons registered as holders of the securities referred to in paragraph 3 above are as follows:
Holder of relevant
interest
Registered holder of
securities
Person entitled to be
registered as holder (8)
Class and number
of securities
First Sentier Investors RQI Pty Ltd ACN 133 312 017
CITIGROUP GLOBAL MARKETS
INC
1,925,494 Fully Paid ordinary shares
First Sentier Investors RQI Pty Ltd ACN 133 312 017
Citibank N A Hong Kong
5,627,731 Fully Paid ordinary shares
First Sentier Investors RQI Pty Ltd ACN 133 312 017
JP MORGAN CHASE
2,182,076 Fully Paid ordinary shares
First Sentier Investors RQI Pty Ltd ACN 133 312 017
National Australian bank
663,814 Fully Paid ordinary shares
First Sentier Investors RQI Pty Ltd ACN 133 312 017
Northern Trust Singapore
1,395,341 Fully Paid ordinary shares
First Sentier Investors (Australia) IM Ltd ACN 114 194 311
CITIGROUP GLOBAL MARKETS
INC
1,233,862 Fully Paid ordinary shares
Mitsubishi UFJ Financial Group
Mitsubishi UFJ Financial Group
38,122,979 Fully Paid ordinary shares
5. Consideration
The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a
substantial holder is as follows:
Holder of relevant
interest
Date of acquisition
Class and number
of securities
Consideration (9)
Cash
Non-cash
See annexure B to this notice
6. Associates
The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:
Name and ACN/ARSN (if applicable)
Nature of association
First Sentier Investors RQI Pty Ltd ACN 133 312 017
A wholly-owned subsidiary, and therefore related body corporate, of First Sentier Group Limited
First Sentier Investors (Australia)
IM Ltd
A wholly-owned subsidiary, and therefore related body corporate, of First Sentier Group Limited
ACN 114 194 311
Each company referred to is an associate of Mitsubishi UFJ Financial Group, Inc. under section 12 of the
Corporations Act
Mitsubishi UFJ Financial Group
7. Addresses
The addresses of persons named in this form are as follows:
Address
Name
First Sentier Investors RQI Pty Ltd ACN 133 312 017
Level 5, Tower Three International Towers Sydney, 300 Barangaroo Avenue, Barangaroo NSW 2000,
Australia
First Sentier Investors (Australia) IM Ltd ACN 114 194 311
Level 5, Tower Three International Towers Sydney, 300 Barangaroo Avenue, Barangaroo NSW 2000,
Australia
Mitsubishi UFJ Financial Group
1-4-5, Marunouchi, Chiyoda-ku, Tokyo 100-8330, Japan
Signature
print name
sign here
Rachel Lim
capacity
Company Secretary
date
10/07/2025
Annexure A
This is Annexure A referred to in Form 603, Notice of initial substantial holder dated
Rachel Lim
08/07/2025
Company Secretary
SCHEDULE
First Sentier Investors (Malta) Limited (Company Code C41267)
First Sentier Investors (Malta) Holdings Limited (Company Code C41260)
CFSIM Limited (Company No. 00153197)
First Sentier Investors (Luxembourg) EDIF II GP S.Á.R.L (Company No. B204413)
First Sentier Investors (Australia) Services Pty Limited (ACN 624 305 595)
First Sentier Investors (Australia) IM Ltd (ACN 114 194 311)
First Sentier Investors (Australia) Infrastructure Holdings Ltd (ACN 085 313 926)
First Sentier Investors (Australia) Infrastructure Managers Pty Ltd (ACN 101 384 294)
First Sentier Investors Strategic Investments Pty Limited (ACN 625 765 399)
First Sentier Investors (Australia) RE Ltd (ACN 006 464 428)
First Sentier Investors Asia Holdings Limited (ACN 054 571 701)
First Sentier Investors RQI Pty Ltd (ACN 133 312 017)
First Sentier Investors (Luxembourg) EDIF I Feeders MC S.A.R.L (Company No. B134314)
First Sentier Infrastructure Managers (International) Limited (Company No. 298444)
First Sentier Investors (UK) IM Limited (Company No. SC047708)
First Sentier Investors (UK) Services Limited (Company No. 03904320)
First Sentier Investors (Hong Kong) Limited (CR No. 11541926)
First Sentier Investors (Ireland) Limited (Company No. 629188)
First Sentier Investors (Japan) Limited (Company No. 0104-01-093090)
First Sentier Investors (Singapore) (Company No. 196900420D)
First Sentier Investors UK Holdings Limited (Company No. 03904310)
First Sentier Investors (UK) Funds Limited (Company No. 02294743)
First Sentier Investors (Luxembourg) Infrastructure (B) GP
S.A.R.L (Company No. B262476)
First Sentier Investors (Luxembourg) EDIF I MC S.A.R.L (Company No. B128117)
First Sentier Investors (Singapore) Holdings Limited (Registration No. 199901706Z)
First Sentier Investors International IM Limited (Company No. SC079063)
First Sentier Investors (Hong Kong) Nominees Limited (CR NO. 11541934)
FSIB LTD (Registration No. 26193)
Mitsubishi UFJ Financial Group, Inc (Registration No. 0100-01-073486)
Mitsubishi UFJ Trust and Banking Corporation (Registration No. 0100-01-008770)
SI Holdings Limited (Company No. SC109439)
First Sentier Investors (Hong Kong) AMC Limited (CR NO. 20492095)
First Sentier Investors
(Luxembourg) EDIF III GP S.A.R.L (Company No. B238701)
First Sentier Investors EU Holdings Limited (Company No. 727873)
AlbaCore Capital Group Limited (Company No. 727871)
AlbaCore Capital Limited (Company No. 581750)
AlbaCore Capital (UK) Limited (Company No. 10220978)
AlbaCore Capital LLP (Company No. OC412196)
FSSA Holdings Limited (Company No. UEN 202418662W)
FSSA (Singapore) Limited (Company No. UEN 202421579R)
First Sentier Investors (Australia) ADIF Management Pty Ltd (Company No. 686 866 179)
Dated the
10/07/2025
Annexure B
This is Annexure B referred to in Form 603, Notice of initial substantial holder dated
Rachel Lim
Holder of relevant Interest
08/07/2025
Company Secretary
Date of Acquisition
Dated the
Consideration Cash
Consideration non-cash
10/07/2025
Class and number of securities affected
First Sentier Investors RQI Pty Ltd ACN 133 312
017
26/03/2025
387,591.16
137,356
Fully Paid ordinary
shares
First Sentier Investors RQI Pty Ltd ACN 133 312
017
28/03/2025
110,300.51
37,747
Fully Paid ordinary
shares
Fully Paid ordinary
shares (borrowed
from Citigroup Global
793,247
Markets Limited
(Agreement 14), see
Annexure C)
First Sentier Investors RQI Pty Ltd ACN 133 312
017
01/04/2025
N/A
First Sentier Investors RQI Pty Ltd ACN 133 312
017
23/04/2025
711,363.61
234,109
Fully Paid ordinary
shares
First Sentier Investors RQI Pty Ltd ACN 133 312
017
30/04/2025
771,225.67
258,220
Fully Paid ordinary
shares
First Sentier Investors RQI Pty Ltd ACN 133 312
017
01/05/2025
2,278,804.90
801,493
Fully Paid ordinary
shares
First Sentier Investors (Australia) IM Ltd ACN
114 194 311
First Sentier Investors (Australia) IM Ltd ACN
114 194 311
First Sentier Investors (Australia) IM Ltd ACN
114 194 311
First Sentier Investors (Australia) IM Ltd ACN
114 194 311
First Sentier Investors (Australia) IM Ltd ACN
114 194 311
01/05/2025
01/05/2025
01/05/2025
02/05/2025
02/05/2025
N/A
Fully Paid ordinary
shares (borrowed
from Citigroup Global
107,678
Markets Limited
(Agreement 13), see
Annexure C)
N/A
Fully Paid ordinary
shares (borrowed
from Citigroup Global
98,075
Markets Limited
(Agreement 5), see
Annexure C)
N/A
Fully Paid ordinary
shares (borrowed
from Citigroup Global
319,035
Markets Limited
(Agreement 12), see
Annexure C)
N/A
Fully Paid ordinary
shares (borrowed
from Citigroup Global
364,758
Markets Limited
(Agreement 12), see
Annexure C)
N/A
Fully Paid ordinary
shares (borrowed
from Citigroup Global
123,111
Markets Limited
(Agreement 13), see
Annexure C)
Fully Paid ordinary
shares (borrowed
from Citigroup Global
112,131
Markets Limited
(Agreement 5), see
Annexure C)
First Sentier Investors (Australia) IM Ltd ACN
114 194 311
02/05/2025
N/A
First Sentier Investors RQI Pty Ltd ACN 133 312
017
07/05/2025
530,731.83
184,154
Fully Paid ordinary
shares
First Sentier Investors RQI Pty Ltd ACN 133 312
017
07/05/2025
818,029.50
283,969
Fully Paid ordinary
shares
First Sentier Investors (Australia) IM Ltd ACN
114 194 311
First Sentier Investors (Australia) IM Ltd ACN
114 194 311
12/05/2025
12/05/2025
N/A
Fully Paid ordinary
shares (borrowed
from Citigroup Global
17,288
Markets Limited
(Agreement 13), see
Annexure C)
N/A
Fully Paid ordinary
shares (borrowed
from Citigroup Global
51,620
Markets Limited
(Agreement 12), see
Annexure C)
Fully Paid ordinary
shares (borrowed
from Citigroup Global
15,739
Markets Limited
(Agreement 5), see
Annexure C)
First Sentier Investors (Australia) IM Ltd ACN
114 194 311
12/05/2025
N/A
First Sentier Investors RQI Pty Ltd ACN 133 312
017
15/05/2025
525,117.59
204,844
Fully Paid ordinary
shares
First Sentier Investors RQI Pty Ltd ACN 133 312
017
15/05/2025
791,098.66
308,601
Fully Paid ordinary
shares
First Sentier Investors (Australia) IM Ltd ACN
114 194 311
20/05/2025
N/A
First Sentier Investors RQI Pty Ltd ACN 133 312
017
20/05/2025
1,103,199.46
First Sentier Investors (Australia) IM Ltd ACN
114 194 311
20/05/2025
Fully Paid ordinary
shares (borrowed
from Citigroup Global
16,736
Markets Limited
(Agreement 13), see
Annexure C)
428,860
Fully Paid ordinary
shares
N/A
Fully Paid ordinary
shares (borrowed
from Citigroup Global
10,176
Markets Limited
(Agreement 5), see
Annexure C)
Fully Paid ordinary
shares (borrowed
from Citigroup Global
49,526
Markets Limited
(Agreement 12), see
Annexure C)
First Sentier Investors (Australia) IM Ltd ACN
114 194 311
20/05/2025
N/A
First Sentier Investors RQI Pty Ltd ACN 133 312
017
21/05/2025
982,380.97
359,123
Fully Paid ordinary
shares
First Sentier Investors RQI Pty Ltd ACN 133 312
017
26/05/2025
188,091.02
63,555
Fully Paid ordinary
shares
First Sentier Investors RQI Pty Ltd ACN 133 312
017
26/05/2025
661,442.33
223,498
Fully Paid ordinary
shares
First Sentier Investors RQI Pty Ltd ACN 133 312
017
26/05/2025
87,240.48
29,541
Fully Paid ordinary
shares
First Sentier Investors RQI Pty Ltd ACN 133 312
017
26/05/2025
54,064.23
18,307
Fully Paid ordinary
shares
First Sentier Investors RQI Pty Ltd ACN 133 312
017
28/05/2025
192,835.45
64,595
Fully Paid ordinary
shares
First Sentier Investors RQI Pty Ltd ACN 133 312
017
03/06/2025
43,644.45
13,607
Fully Paid ordinary
shares
First Sentier Investors RQI Pty Ltd ACN 133 312
017
04/06/2025
18,941.00
6,110
Fully Paid ordinary
shares
First Sentier Investors RQI Pty Ltd ACN 133 312
017
04/06/2025
19,809.09
6,289
Fully Paid ordinary
shares
First Sentier Investors RQI Pty Ltd ACN 133 312
017
06/06/2025
359,687.60
116,032
Fully Paid ordinary
shares
First Sentier Investors RQI Pty Ltd ACN 133 312
017
10/06/2025
2,967,129.60
952,285
Fully Paid ordinary
shares
First Sentier Investors RQI Pty Ltd ACN 133 312
017
11/06/2025
608,920.00
200,000
Fully Paid ordinary
shares
First Sentier Investors RQI Pty Ltd ACN 133 312
017
12/06/2025
636,161.49
206,131
Fully Paid ordinary
shares
First Sentier Investors RQI Pty Ltd ACN 133 312
017
18/06/2025
168,526.89
56,245
Fully Paid ordinary
shares
First Sentier Investors RQI Pty Ltd ACN 133 312
017
24/06/2025
20,199.76
6,849
Fully Paid ordinary
shares
First Sentier Investors RQI Pty Ltd ACN 133 312
017
25/06/2025
197,140.84
67,551
Fully Paid ordinary
shares
First Sentier Investors RQI Pty Ltd ACN 133 312
017
25/06/2025
171,359.69
58,717
Fully Paid ordinary
shares
First Sentier Investors RQI Pty Ltd ACN 133 312
017
25/06/2025
349,539.69
119,771
Fully Paid ordinary
shares
First Sentier Investors RQI Pty Ltd ACN 133 312
017
03/07/2025
107,959.76
38,014
Fully Paid ordinary
shares
First Sentier Investors RQI Pty Ltd ACN 133 312
017
04/07/2025
44,531.08
15,648
Fully Paid ordinary
shares
Annexure C
This is Annexure C referred to in Form 603, Notice of initial substantial holder dated
Rachel Lim
08/07/2025
Company Secretary
Dated the 10/07/2025
First Sentier Group Limited will, if requested by the company or responsible entity to whom this form must be given or by the Australian Securities and Investments
Commission (ASIC), give a copy of one or more of the following agreements to the company, responsible entity or ASIC (as appropriate).
Citigroup Global Markets Limited (Agreement 12)
Type of agreement:
Global Master Securities Lending Agreement
Parties to agreement:
(1) Citigroup Global Markets Limited; and (2) The Trust Company (RE
Services) Limited
Are there any restrictions on voting rights?
No
If yes, in what detail?
N/A
Date on which the securities were (or are) expected to be delivered to the borrower
or its nominee (ie borrow date):
The Dates indicated in Annexure B on which securities were borrowed.
Scheduled date (if any) when the securities are expected to be returned to the
lender or its nominee (ie return date)
Any particular day.
Does the borrower have the right to return the securities early? [Yes/No]
Yes
If yes, in which circumstances?
At any time subject to giving notice.
Does the lender have the right to recall the securities early (ie before the
scheduled return date)? [Yes/No]
Yes
If yes, in which circumstances?
At any time subject to giving notice.
Are there circumstances in which the borrower will not be required to return the
securities on settlement? [Yes/No]
No
If yes, in which circumstances?
N/A
Citigroup Global Markets Limited (Agreement 13)
Type of agreement:
Global Master Securities Lending Agreement
Parties to agreement:
(1) Citigroup Global Markets Limited; and (2) The Trust Company (RE
Services) Limited
Are there any restrictions on voting rights?
No
If yes, in what detail?
N/A
Date on which the securities were (or are) expected to be delivered to the borrower
or its nominee (ie borrow date):
The Dates indicated in Annexure B on which securities were borrowed.
Scheduled date (if any) when the securities are expected to be returned to the
lender or its nominee (ie return date)
Any particular day.
Does the borrower have the right to return the securities early? [Yes/No]
Yes
If yes, in which circumstances?
At any time subject to giving notice.
Does the lender have the right to recall the securities early (ie before the
scheduled return date)? [Yes/No]
Yes
If yes, in which circumstances?
At any time subject to giving notice.
Are there circumstances in which the borrower will not be required to return the
securities on settlement? [Yes/No]
No
If yes, in which circumstances?
N/A
Citigroup Global Markets Limited (Agreement 14)
Type of agreement:
Prime Brokerage Agreement (including Global Master Securities Lending
Agreement)
Parties to agreement:
(1) Citigroup Global Markets Limited; and (2) The Trust Company (RE
Services) Limited
Are there any restrictions on voting rights?
No
If yes, in what detail?
N/A
Date on which the securities were (or are) expected to be delivered to the borrower
or its nominee (ie borrow date):
The Dates indicated in Annexure B on which securities were borrowed.
Scheduled date (if any) when the securities are expected to be returned to the
lender or its nominee (ie return date)
Any particular day.
Does the borrower have the right to return the securities early? [Yes/No]
Yes
If yes, in which circumstances?
At any time subject to giving notice.
Does the lender have the right to recall the securities early (ie before the
scheduled return date)? [Yes/No]
Yes
If yes, in which circumstances?
At any time subject to giving notice.
Are there circumstances in which the borrower will not be required to return the
securities on settlement? [Yes/No]
No
If yes, in which circumstances?
N/A
Citigroup Global Markets Limited (Agreement 5)
Type of agreement:
Global Master Securities Lending Agreement
Parties to agreement:
(1) Citigroup Global Markets Limited; and (2) The Trust Company (RE
Services) Limited
Are there any restrictions on voting rights?
No
If yes, in what detail?
N/A
Date on which the securities were (or are) expected to be delivered to the borrower
or its nominee (ie borrow date):
The Dates indicated in Annexure B on which securities were borrowed.
Scheduled date (if any) when the securities are expected to be returned to the
lender or its nominee (ie return date)
Any particular day.
Does the borrower have the right to return the securities early? [Yes/No]
Yes
If yes, in which circumstances?
At any time subject to giving notice.
Does the lender have the right to recall the securities early (ie before the
scheduled return date)? [Yes/No]
Yes
If yes, in which circumstances?
At any time subject to giving notice.
Are there circumstances in which the borrower will not be required to return the
securities on settlement? [Yes/No]
No
If yes, in which circumstances?
N/A
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