Commonwealth Bank exits substantial holding in Karoon Energy

Commonwealth Bank of Australia (CBA) and its related entities ceased to be a substantial holder in Karoon Energy Ltd on November 24, 2025. This follows a previous notice given on November 10, 2025.

The changes in relevant interests include a series of sales, purchases, and borrowing adjustments of Karoon Energy’s fully paid ordinary shares by CBA and its associated entities, including Colonial First State Investments Limited and Avanteos Investments Limited. Notable transactions include Colonial First State Investments Limited selling 724,615 fully paid ordinary shares for A$1,159,094.15 on November 24, 2025.

Other transactions include Colonial First State Investments Limited selling 1,305 shares for A$2,009.70 on November 10, 2025, and Avanteos Investments Limited selling 318 shares for A$489.72 on November 7, 2025. The announcement also details various borrow increases and decreases, indicating active management of their position before the cessation of substantial holding.