Thorney Opportunities trims stake in Southern Cross Electrical Engineering

Thorney Opportunities Ltd announced on October 13, 2025, a change in its substantial holding in Southern Cross Electrical Engineering Limited (SXE). The previous notice indicated a voting power of 13.39% with 35,572,997 ordinary shares. Following recent transactions, the present voting power has decreased to 12.39%, representing 32,952,997 ordinary shares.

The reduction in stake involved several market sales between September 2 and October 9, 2025. Key changes included a transfer of 8,978,892 ordinary shares on September 2, 2025, by TIGA Trading Pty Ltd and Thorney International Pty Ltd. Subsequent sales by Thorney entities on October 1, 6, 7, and 9 further reduced the holding, with Thorney Opportunities Ltd itself selling 144,000 ordinary shares for A$302,400.00 on October 1 and another 440,000 shares for A$968,000.00 on October 9.

Jamah Investments Pty Ltd, as trustee for the Jamah Investment Trust, which was previously an associate, has ceased its association with Thorney Opportunities Ltd as of this announcement.