First Sentier group raises stake in Beach Energy to 7.80%

First Sentier Group Limited and its associates have become a more prominent shareholder in Beach Energy Ltd by increasing their relevant interest to 7.80% of voting shares, up from the previous 6.50%. This change, effective September 9, 2025, reflects an acquisition of 29,656,189 additional fully paid ordinary shares, bringing their total holdings to 177,877,721 votes.

The reported changes involve multiple transactions between August 14, 2025, and September 9, 2025. These include both purchases and sales by entities such as First Sentier Investors RQI Pty Ltd and First Sentier Investors (Australia) IM Ltd. Notable transactions include a purchase of 286,773 shares for $342,980.51 and a sale of 267,336 shares for $320,669.53 by First Sentier Investors RQI Pty Ltd.

Mitsubishi UFJ Financial Group Inc. (MUFG), the ultimate parent of First Sentier Group Limited, also holds a significant relevant interest or voting power in 101,014,986 fully paid ordinary shares. The First Sentier Group’s relevant interest stems from its capacity as an investment manager, controlling voting rights and the power to dispose of securities as per its investment mandates.