Thorney Group cuts stake in Southern Cross Electrical Engineering

Thorney Opportunities Ltd and its associated entities, including Thorney Investment Group and TIGA Trading Pty Ltd, announced a change in their substantial holding in Southern Cross Electrical Engineering Limited. The collective voting power of the Thorney entities decreased from 13.39% (35,572,997 votes) to 12.39% (32,952,997 votes) as of October 9, 2025. This change represents a reduction of 2,620,000 ordinary shares.

The reduction occurred through a series of market sales between October 1, 2025, and October 9, 2025. Notable sales include 347,040 ordinary shares by TIGA Trading Pty Ltd and 228,960 ordinary shares by Thorney International Pty Ltd on October 1, 2025, for a combined consideration of $728,784.00 and $480,816.00 respectively. On October 9, 2025, TIGA Trading Pty Ltd sold 819,400 ordinary shares for $1,802,680.00, and Thorney International Pty Ltd sold 540,600 ordinary shares for $1,189,320.00.

Additionally, Thorney Opportunities Ltd sold 144,000 ordinary shares for $302,400.00 on October 1, 2025, and another 440,000 ordinary shares for $968,000.00 on October 9, 2025. Jamah Investments Pty Ltd, previously an associate, has ceased to be associated with the group.