Thorney group cuts stake in Southern Cross Electrical Engineering

TIGA Trading Pty Ltd and Thorney Opportunities Ltd, along with their associated entities within the Thorney Investment Group, have announced a change in their substantial holding in Southern Cross Electrical Engineering Ltd. The total voting power held by the group decreased from 12.39% (32,952,997 shares) to 10.89% (28,962,271 shares), a reduction of 4,000,726 ordinary shares.

The divestment occurred through a series of market sales between October 16 and October 31, 2025. Key transactions include sales by TIGA Trading Pty Ltd totaling $5,732,947.69 and by Thorney International Pty Ltd totaling $574,373.25. Additionally, Thorney Opportunities Ltd recorded sales for a total consideration of $2,279,143.76, while the Waislitz Family Foundation sold shares worth $117,500.00.

The Thorney Investment Group, including Thorney Opportunities Ltd and various related entities, continues to hold relevant interests in Southern Cross Electrical Engineering, underscoring their ongoing, albeit reduced, influence.