Challenger reduces stake in Iress, no longer substantial shareholder

Challenger Limited, along with its associated entities, has ceased to be a substantial holder in Iress Limited as of September 19, 2025. This change follows a series of transactions detailed in the announcement, with the last substantial holding notice issued on May 16, 2025. The company secretary, Linda Matthews, signed off on the notice on September 23, 2025.

The nature of changes in relevant interests included both sales and purchases, with a significant net reduction in Challenger's stake. For instance, on June 2, 2025, there was a buy-transfer of 554,760 securities for AUD 4,782,031. Conversely, a large sell-transfer occurred on June 11, 2025, involving 206,651 securities for AUD 1,717,270. Further substantial sell transactions were recorded on September 19, 2025, including a sale of 315,442 securities for AUD 3,015,191, and 271,157 securities for AUD 2,591,887, contributing to the ultimate cessation of its substantial holder status.

Challenger Limited is the primary entity, with a comprehensive list of associated companies, including various Challenger Life, Challenger Investment Partners, and Fidante Partners entities.