Perennial Value trims stake in DUG Technology

Perennial Value Management Limited has decreased its substantial holding in DUG Technology Ltd from 11.58% to 10.52%. The change, reported on October 9, 2025, reflects a series of market transactions since the previous notice on September 9, 2025. The total number of votes held by Perennial Value Management moved from 15,594,427 to 14,223,426.

The transactions primarily involved market sales through HSBC and Northern Trust, with total sales amounting to over A$3.3m across numerous dates in September and October 2025. Notable sales include a A$726,666.96 transaction on September 8, 2025, and a A$283,275.82 sale on October 3, 2025, both significantly reducing the number of securities held.

Perennial Value Management's present relevant interests are distributed across HSBC (5,976,189 votes), Northern Trust (4,192,538 votes), and Citicorp Nominees Pty Limited (4,054,699 votes). A singular buy transaction of A$41,218.50 through Citicorp Nominees Pty Limited was noted on October 8, 2025, acquiring 15,000 shares, contrasting the prevailing selling trend.