Monash IVF Group's shareholder structure shifts amidst takeover bid

On November 24, 2025, Monash IVF Group Limited announced the release of 511,663 fully paid ordinary shares from voluntary escrow on December 8, 2025. This release will not alter the company's issued capital, with 9,488,595 shares remaining under voluntary escrow.

Concurrently, a Form 604 filing revealed a substantial change in interests by Washington H. Soul Pattinson and Company Limited (Soul Patts) and its subsidiaries. On November 21, 2025, Soul Patts increased its voting power in Monash IVF Group Limited from 9.69% (37,767,969 votes) to 19.60% (up to 76,367,969 votes). This change results from a Co-Operation Agreement between Genesis Capital Investment Management Pty Ltd and WHSP Holdings Pty Limited, a Soul Patts subsidiary, which now collectively hold a relevant interest in up to 38,600,000 MVF Shares.

The Co-Operation Agreement, dated November 21, 2025, establishes an exclusive partnership between Genesis and Soul Patts to pursue a proposal to acquire Monash IVF Group Limited. This consortium, owned 50% by each party unless otherwise agreed, outlines terms for collaboration, confidentiality, standstill provisions, and an exclusivity period of four months. The agreement stipulates that all consortium costs will be borne equally.