Soul Patts completes convertible notes repurchase, exits AMA Group substantial holding

Soul Pattinson announced on September 19, 2025, the completion of the second tranche of its convertible note repurchase. This follows earlier repurchases, including $15 million (principal amount) of SOL Convertible Notes on July 16, 2025, for an aggregate cash payment of $18,535,347. With the successful repurchase of approximately $217 million (principal amount) of SOL Convertible Notes, 100% of these notes have now been repurchased and cancelled.

Concurrently, Soul Pattinson also reported a change in its substantial holding in AMA Group Limited. As of September 15, 2025, WHSP Holdings Ltd ceased to be a substantial holder of AMA, with its voting power decreasing to 4.69% (224,300,000 shares) from its last substantial notice on July 4, 2025. This change was primarily due to the sale of 36,590,575 shares by its associate, Pengana Capital Group Limited, and WHSP’s market sales offset by an on-market purchase of 11,300,000 shares on September 15, 2025.