Pagent family's Autosports group holding declines after A$7m share sale

Nicholas Ian Pagent, James Ian Pagent, and their related entities have announced a change in their substantial holding in Autosports Group Limited, with their collective voting power decreasing from 53.11% to 51.95%. This change, effective on September 12, 2025, reflects a reduction in their total votes from 106,742,556 to 105,163,111 ordinary shares.

The decrease largely stems from an on-market trade where James Ian Pagent, through JIP Parramatta Pty Ltd as trustee for the JIP Parramatta Trust, disposed of 2,000,000 ordinary shares for A$3.50 per share. This transaction resulted in a total sale consideration of A$7,000,000.

Despite the reduction, the Pagent family's interests include various direct and indirect holdings, such as shares held by family trusts and entities where they exert control. The disposals were partially offset by the vesting of remuneration-related performance rights, which saw James Ian Pagent acquire 25,809 ordinary shares and Nicholas Ian Pagent acquire 344,746 ordinary shares, with nil consideration.