Change in substantial holding from SOL
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| Stock | Washington H Soul Pattinson & Company Ltd (SOL.ASX) |
|---|---|
| Release Time | 3 Mar 2025, 5:50 p.m. |
| Price Sensitive | Yes |
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Washington H Soul Pattinson & Company Ltd reduces stake in Perpetual Limited
Key Points
- Unwound all short equity derivative positions hedging exposure to Perpetual Limited
- Physically settled swap expired with delivery of 1 million shares
- Reduced long holding in Perpetual Limited to 8.46%, of which 5.36% is held via physical shares
Full Summary
Washington H. Soul Pattinson and Company Limited ('Soul Patts') announces that after market on 27 February 2025, it unwound all of the short equity derivative positions that were hedging its exposure to Perpetual Limited (ASX: PPT). Separately, a physically settled swap expired on 28th February with delivery of 1 million shares. As a result, Soul Patts has reduced its long holding in Perpetual Limited to 8.46%, of which 5.36% is held via physical shares. Soul Patts has lodged the required Form 604 - Notice of change of interests of substantial holder under the Corporations Act 2001.