Perpetual cuts stake in Nine Entertainment Holdings

Perpetual Limited and its related bodies corporate have reported a change in their substantial holding in Nine Entertainment Company Holdings Limited (NEC), with their voting power decreasing from 8.83% to 7.602%. This change occurred on November 26, 2025, with the previous notice given on August 21, 2025. The total number of votes held by Perpetual decreased from 140,039,424 to 120,552,220 ordinary shares.

The reduction in Perpetual's stake primarily stems from a series of sales executed between August 21, 2025, and November 26, 2025. Notable sales transactions include a significant volume from J.P. Morgan Nominees Australia Pty Limited, with sales totaling -3,765,847 and -5,499,870 shares on September 25, 2025. Various sales by Northern Trust Company Limited included -1,458,495 and -2,520,407 shares on November 26, 2025. While there were some purchases during this period, the aggregate activity reflects a net reduction in Perpetual's ownership.

Key entities involved in the transactions include Perpetual Trustee Company Limited (PTCO), Perpetual Investment Management Limited (PIML), Pendal Institutional Limited (PIL), and Pendal Fund Services Limited (PFSL), acting as custodians or registered holders.