Li Ka Shing Amends NexGen Energy Stake, Signals Ownership Update

TL;DR

**Li Ka Shing updated his NexGen Energy ownership, watch for potential shifts in investor confidence.**

AI Summary

Li Ka Shing, a prominent investor, filed an amendment to his Schedule 13D on January 11, 2024, indicating a change in his beneficial ownership of NexGen Energy Ltd. common stock. This filing, Amendment No. 3, updates previous disclosures regarding his significant stake in the uranium exploration company. This matters to investors because Li Ka Shing is a major shareholder, and changes in his holdings or intentions can signal his confidence in NexGen's future prospects, potentially influencing other investors' perceptions and the stock's performance.

Why It Matters

This filing updates the market on a significant investor's position in NexGen Energy, which can impact investor sentiment and the stock's perceived stability.

Risk Assessment

Risk Level: low — This is an informational filing updating a major shareholder's position, not indicating an immediate high-risk event like a hostile takeover or significant dilution.

Analyst Insight

Investors should monitor subsequent filings from Li Ka Shing for any significant changes in his ownership percentage or stated intentions, as these could signal his long-term view on NexGen Energy's prospects.

Key Numbers

• 65340P106 — CUSIP Number (Identifies the specific class of securities (Common Stock, no Par Value) of NexGen Energy Ltd.)
• January 11, 2024 — Date of Event (The date that triggered the requirement for this Schedule 13D/A filing.)
• Amendment No. 3 — Filing Amendment Number (Indicates this is the third amendment to the original Schedule 13D filing by Li Ka Shing regarding NexGen Energy Ltd.)

Key Players & Entities

• Li Ka Shing (person) — Reporting Person and significant investor in NexGen Energy Ltd.
• NexGen Energy Ltd. (company) — Subject Company whose common stock is being reported on.
• Andrew J. Bond (person) — Person authorized to receive notices and communications for the filing.
• Sheppard Mullin Richter & Hampton LLP (company) — Law firm representing the reporting person.

Forward-Looking Statements

• Li Ka Shing will maintain a significant, but potentially adjusted, stake in NexGen Energy Ltd. (Li Ka Shing) — medium confidence, target: Q2 2024

FAQ

Filing Documents

• formsc13da.htm (SC 13D/A) — 350KB
• 0001493152-24-002511.txt ( ) — 351KB

From the Filing

SC 13D/A 1 formsc13da.htm UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No.3)* NexGen Energy Ltd. (Name of Issuer) Common Stock, no Par Value (Title of Class of Securities) 65340P106 (CUSIP Number of Class of Securities) Andrew J. Bond Sheppard Mullin Richter & Hampton LLP 1901 Avenue of the Stars, Suite 1600 Los Angeles, CA 90067-6055 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) January 11, 2024 (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. Note : Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are sent. *The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“ Act ”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 65340P106 1. Names of Reporting Person. Li Ka Shing 2. Check the Appropriate Box if a Member of a Group (See Instructions): (a) (b) 3. SEC Use Only: 4. Source of Funds (See Instructions): OO 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e): 6. Citizenship or Place of Organization: People’s Republic of China Number of Shares Beneficially Owned by Each Reporting Person with 7. Sole Voting Power: -0- 8. Shared Voting Power: 14,951,897 (1) 9. Sole Dispositive Power: -0- 10. Shared Dispositive Power: 14,951,897 (1) 11. Aggregate Amount Beneficially Owned by Each Reporting Person: 14,951,897 (1) 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions): 13. Percent of Class Represented by Amount in Row (11): 2.85%(2) 14. Type of Reporting Person (See Instructions): IN (1) Includes shares of the Issuer’s common stock (the “ Common Shares ”) beneficially owned by Sprinkle Ring Investment Limited (“ Sprinkle Ring ”). Mr. Li Ka Shing and his son Mr. Victor Li Tzar Kuoi, share ownership interest in Li Ka-Shing Unity Holdings Limited (“ Unity Holdings ”), which is the sole shareholder of Li Ka-Shing Unity Trustee Company Limited (“ Trustee ”). Trustee is the sole shareholder of LVM Unity Limited (“ LVM ”), which is the sole shareholder of Sprinkle Ring. Previously, Next Global Holdings Limited (“ Next Global ”) held 9,628,848 shares of the Issuer, all of which Next Global disposed of on January 11, 2024. Next Global’s sole shareholder is Li Ka Shing (Global) Foundation (“ LKSGF ”) in which each of Mr. Li Ka Shing and Mr. Victor Li Tzar Kuoi may be regarded as having the ability to exercise, or control the exercise of, one-third or more of the voting power at general meetings of LKSGF. (2) Based on 524,676,722 Common Shares outstanding as at December 11, 2023. -2- CUSIP No. 65340P106 1. Names of Reporting Person. Victor Li Tzar Kuoi 2. Check the Appropriate Box if a Member of a Group (See Instructions): (a) (b) 3. SEC Use Only: 4. Source of Funds (See Instructions): OO 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e): 6. Citizenship or Place of Organization: People’s Republic of China Number of Shares Beneficially Owned by Each Reporting Person with 7. Sole Voting Power: -0- 8. Shared Voting Power: 14,951,897 (1) 9. Sole Dispositive Power: -0- 10. Shared Dispositive Power: 14,951,897 (1) 11. Aggregate Amount Beneficially Owned by Each Reporting Person: 14,951,897 (1) 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions): 13. Percent of Class Represented by Amount in Row (11): 2.85%(2) 14. Type of Reporting Person (See Instructions): IN (1) Includes Common Shares beneficially owned by Sprinkle Ring. Mr. Victor Li Tzar Kuoi and Mr. Li Ka Shing share ownership interest in Unity Holdings, which is the sole shareholder of Trustee. Trustee is the sole shareholder of LVM, which in turn is the sole shareholder of Sprinkle Ring. P

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