Soul Patts sells down Bailador stake, no longer substantial holder

Washington H. Soul Pattinson and Company Limited (Soul Patts), along with its subsidiaries, ceased to be a substantial holder in Bailador Technology Investments Limited as of December 4, 2025. This follows a series of sales transactions that significantly reduced their holding from 8,989,246 shares to 7,175,000 ordinary fully paid shares.

The divestment occurred through multiple sales between October 31, 2025, and December 8, 2025, with prices ranging from A$1.1678 to A$1.2400 per share. The total cost of these sales amounted to A$2,486,047.85. As a result of these transactions, Soul Patts' voting power in Bailador Technology Investments Limited is now 4.79%, based on 149,842,529 BTI ordinary shares on issue, falling below the 5% threshold required for substantial holder notification.