Shriro Holdings (ASX:SHM) said D2A Holdings and SPL Pacific sold their full shareholding in the firm to Brunneis Investments and Fiona Tudor Brown ATF FiBrown Family Trust No 2, collectively Brunneis, for a price of AU$0.87 apiece, bringing Brunneis' voting power to 19.62%, according to a Monday Australian bourse filing.

D2A Holdings previously held 10,682,116 ordinary shares in the firm, while SPL Pacific previously held 4,602,001 ordinary shares. Ariadne Australia, which previously held 4,960,185 ordinary shares, also sold its full shareholding.

If Shriro's three potential buy-backs proceed, Brunneis' stake could rise from 19.62% to 28.73%.

The firm is seeking shareholder approval for the buybacks at its annual general meeting. In response to a query from the company, Brunneis confirmed that it would abstain from voting on the resolutions for the potential buybacks, but it has not determined whether it would participate in the potential buybacks.