Soul Patts boosts Monash IVF stake to nearly 20%, forms consortium

Washington H. Soul Pattinson and Company Limited (Soul Patts) and its subsidiaries have increased their relevant interest in Monash IVF Group Limited (MVF) from 9.69% to 19.60%. This change, effective November 21, 2025, sees their total voting power rise to 76,367,969 MVF shares out of 389,634,840 shares on issue.

The increase stems from a Co-operation Agreement with Genesis Capital Investment Management Pty Ltd and Magenta Investment Co Pty Ltd. This agreement grants WHSP Holdings Pty Limited, a Soul Patts subsidiary, a relevant interest in up to 38,600,000 MVF shares under sections 608(1)(b) and 608(1)(c) of the Corporations Act 2001.

Soul Patts' total interest now includes 37,767,969 MVF shares held directly by WHSP Holdings, a relevant interest in 23,400,000 MVF shares held by multiple vendors via Magenta Co, and a relevant interest in up to 15,200,000 MVF shares through Jarden Scientific Trading Limited. The parties have agreed to form a Consortium to pursue a proposal for MVF, with an exclusive period until March 21, 2026.