Challenger reduces stake in Qube holdings

Challenger Limited, along with its associated entities, has reported a change in its substantial holding in Qube Holdings Limited, with the voting power decreasing from 6.15% to 5.04%. The previous notice was dated September 1, 2025, and the current change occurred on October 14, 2025. This reduction in voting power corresponds to a decrease in their total votes from 108,836,457 to 89,233,702.

The changes in relevant interests primarily involve the sale of ordinary fully paid securities on-market and via off-market transfers by Challenger Limited and its associated entities. Key registered holders include HSBC Custody Nominees (Australia) Limited, BNP Paribas Nominees Pty Limited, Citicorp Nominees Pty Limited, and J.P. Morgan Nominees Australia Pty Limited.

The annexures provide a detailed breakdown of numerous "Sell" transactions occurring between September 1, 2025, and October 14, 2025, alongside some "Buy" and "Buy - Transfer" transactions. The net effect of these transactions is a reduction in Challenger's overall interest in Qube Holdings Limited.