Hub24 sells down stake, no longer substantial holder in WCM Global Growth

Hub24 Limited (HUB), along with its associated entities Investment Administration Services Pty Ltd (IAS) and Xplore Wealth Pty Ltd (Xplore), has ceased to be a substantial holder in WCM Global Growth Limited (WQG). The change became effective on December 9, 2025, with Hub24 becoming aware of the change on December 11, 2025.

The cessation of substantial holding is primarily attributed to a series of sell transactions spanning from September 2 to December 9, 2025. These transactions involved the sale of WQG shares at prices ranging from A$1.88 to A$2.10. While there were some buy transactions during this period, the overall activity resulted in a significant decrease in Hub24's relevant interest.

The largest single sell transaction occurred on October 30, 2025, involving 106,800 shares at A$2.08. Other notable sales included 57,602 shares on November 5, 2025, at A$2.08, and 55,586 shares on October 31, 2025, at A$2.09. Andrew Brown, company secretary for Hub24 Limited, signed the notice on December 11, 2025.