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Djerriwarrh Investments Limited (ASX:DJW) has filed a Final Director's Interest Notice confirming that Mr Robert Mark Freeman ended his directorship on 30 June 2026. Submitted to the ASX on 2 July 2026 by Company Secretary Matthew Rowe, the notice details Freeman's final securities holdings at the time of his departure. For investors in this listed investment company, the filing formally concludes Freeman's board tenure and clarifies his remaining shareholding.
Key Points
- Company: Djerriwarrh Investments Limited (ASX:DJW)
- Director Robert Mark Freeman ceased his role on 30 June 2026
- Final Director's Interest Notice lodged with ASX on 2 July 2026 by Company Secretary Matthew Rowe
- Freeman's superannuation fund, Freeman Superannuation Pty Ltd (The Freeman super fund A/C), held 155,225 ordinary shares in DJW at departure
- No securities were held directly by Freeman in his own name at the time of the final notice
- Previous director's interest notice for Freeman dated 24 February 2026
- Investors should monitor any announcements from Djerriwarrh regarding board replacements or changes
Robert Mark Freeman Officially Leaves Djerriwarrh Investments Board on 30 June 2026
Djerriwarrh Investments Limited confirmed that director Robert Mark Freeman stepped down from its board on 30 June 2026, filing a Final Director's Interest Notice under ASX Listing Rule 3.19A.3 on 2 July 2026. Company Secretary Matthew Rowe lodged the notice on behalf of the company and as agent for Freeman under section 205G of the Corporations Act.
The Appendix 3Z filing provides a final snapshot of Freeman's securities interests at the conclusion of his directorship, fulfilling the regulatory requirement to notify the market promptly. Djerriwarrh lodged the notice the business day following Freeman's departure.
Freeman Superannuation Pty Ltd Held 155,225 Djerriwarrh Shares at Time of Departure
At departure, Freeman's superannuation entity, Freeman Superannuation Pty Ltd (The Freeman Super Fund Account), held 155,225 ordinary shares in Djerriwarrh Investments. This indirect holding is recorded in Part 2 of the Appendix 3Z, reflecting beneficial interests where the director is not the registered holder.
Such holdings via superannuation trustee structures are common for Australian company directors, representing indirect economic exposure to company shares. The announcement did not disclose acquisition costs, dates, or current market value of these shares.
No Directly Registered Shares Held by Freeman at Final Notice Date
Part 1 of the Final Director's Interest Notice, which lists securities registered directly in the director's name, showed no holdings for Freeman as of 30 June 2026. Thus, all disclosed interests rested with the superannuation fund.
Under Corporations Act and ASX Listing Rules, directors must disclose all relevant securities interests, including indirect holdings through associated entities such as superannuation funds. This filing appears to meet those disclosure requirements fully.
No Contractual Interests Disclosed in Final Filing
Part 3 of the Appendix 3Z, covering director interests in contracts with the company, was marked not applicable (N/A) for Freeman. This indicates no reportable contractual relationships existed at the time of his departure.
The absence of disclosed contracts suggests Freeman's connection with Djerriwarrh was limited to his directorship and indirect shareholding via his superannuation fund, with no consulting or service agreements in place.
Previous Director's Interest Notice Filed on 24 February 2026
The final notice references a prior director's interest notice dated 24 February 2026, representing the most recent update to Freeman's securities interests before his departure. Any changes between that date and 30 June 2026 would have been disclosed separately as required.
Investors seeking a complete record of Freeman's disclosed interests may review the series of Appendix 3Y notices filed during his tenure.
Appendix 3Z Filing Ensures Djerriwarrh's Compliance with ASX Rules
The Appendix 3Z Final Director's Interest Notice is mandatory under ASX Listing Rule 3.19A.3, requiring notification of a director's final securities interests upon leaving the board. This complements ongoing Appendix 3Y disclosures for current directors, ensuring transparency throughout and at the end of directorships.
Djerriwarrh complied promptly, with Company Secretary Matthew Rowe lodging the notice electronically on 2 July 2026, the business day after Freeman's directorship ended. This adherence reflects the governance standards expected of ASX-listed investment companies with broad retail shareholder bases.
About Djerriwarrh Investments and Its LIC Structure
Djerriwarrh Investments Limited is an ASX-listed investment company focusing on a diversified portfolio of Australian shares. Affiliated with the Australian Foundation Investment Company (AFIC) group, it aims to deliver income returns through dividends and an options writing program over its equity holdings. Djerriwarrh is known as a conservative, income-oriented LIC catering to Australian investors seeking diversification and steady income.
As a listed entity, Djerriwarrh must comply with ASX Listing Rules and Corporations Act requirements, including director disclosures and corporate governance. Changes to the board are thus material to shareholders, although no succession or replacement plans were disclosed in this announcement.
Investor Implications Following Freeman’s Board Exit
While director departures are routine, investors often monitor such changes closely, as board composition can impact strategy, governance, and confidence. Market participants may await further announcements regarding any new director appointments or board committee adjustments.
The 155,225 shares held via Freeman's superannuation fund remain registered to that entity and are unaffected by his board exit. Decisions regarding retention or sale of those shares rest with the superannuation fund and do not trigger additional disclosure under director interest rules.
Company Secretary Matthew Rowe Oversees Final Notice Submission
Matthew Rowe signed and lodged the final notice as Djerriwarrh's Company Secretary, acting both for the company and as agent for Freeman under the Corporations Act. This dual role is standard practice in Australia for director interest filings.
The notice was electronically submitted to ASX Market Announcements at Level 27, 39 Martin Place, Sydney. The announcement contained no further commentary on Freeman’s tenure, reasons for departure, or future board plans beyond the regulatory disclosures required by Appendix 3Z.
