Daniel Droga boosts stake in Bell Financial Group

Daniel Droga, a substantial holder in Bell Financial Group Limited (BFG), has increased his voting power from 5.08% to 6.28% as of December 11, 2025. This change represents an acquisition of 3,850,000 ordinary shares, raising his total holdings to 20,150,000 shares. The previous notice of change was dated March 17, 2025.

The increase stems from two key on-market transactions by DCM Bluelake Partners Pty Ltd. Between March 17 and December 9, 2025, an acquisition of 2,400,000 securities occurred for a consideration of $2,890,000. A further 1,450,000 securities were acquired on December 10, 2025, for $1,682,000. These transactions highlight Droga's increased investment in the financial services firm.

Droga's current relevant interests include 18,450,000 shares held through DCM Bluelake Partners Pty Ltd and an additional 1,700,000 shares held via the Daniel & Lyndell Drog Super Fund. The addresses for both Daniel Droga and DCM Bluelake Partners Pty Ltd are listed as L20, 1 Macquarie Place, Sydney NSW 2000.