Forrestania Resources (ASX:FRS) said the voting power of entities affiliated with billionaire Kerry Matthew Stokes fell to 8.6% from 10.4% as of Sept. 4, according to a Tuesday Australian bourse filing.
The entities included Wroxby, Australian Capital Equity, ACE Group entities, Kemast Investments, Tiberius (Seven Investments), Clabon, and Ashblue Holdings. They hold votes of 205.9 million in the firm's ordinary shares as of Sept. 4.
Forrestania's shares rose 2% in recent trading on Tuesday.
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