Challenger Limited Cuts Substantial Holding in The Environmental Group to 8.30% After On-Market Sales

Mukul

11 November 2026 04:21 PM AEDT

Challenger Limited Cuts Substantial Holding in The Environmental Group to 8.30% After On-Market Sales

Image Source: Krish Capital Pty Ltd

You are reading a free article with opinions that may differ from the recommendation given by Kalkine in its paid research reports. Become a Kalkine member today to get access to our research reports, in-depth technical and fundamental research. Learn more

Start Your Free Trial Now!

Challenger Limited (ASX:EGL) has filed a notice of change of interests of substantial holder in The Environmental Group Ltd, disclosing that its relevant interest in the company's ordinary fully paid shares decreased from 6.85% to 8.30% — with a present holding of 31,592,287 votes — following on-market sales of securities recorded as at 9 November 2026.

Key Points

Challenger Limited and its associated entities held 31,592,287 ordinary fully paid shares, representing 8.30% voting power, as at 9 November 2026.
The previous notice disclosed 26,070,327 votes, equating to 6.85% voting power.
The change in relevant interest was effected through ordinary fully paid securities sold on market by Challenger Limited and its associated entities.
The notice was signed by Linda Matthews, Company Secretary of Challenger Limited, and lodged on 11 November 2026.

Substantial Holding Position as at 9 November 2026

According to the filing lodged with ASX on 11 November 2026, Challenger Limited and its associated entities disclosed a present relevant interest of 31,592,287 ordinary fully paid shares in The Environmental Group Ltd, representing voting power of 8.30%. The previous notice, dated 26 October 2026, recorded 26,070,327 votes and a voting power of 6.85%. The date of change was recorded as 9 November 2026, with the previous notice given to the company on 26 October 2026.

Registered Holders of Securities

The filing identifies three registered holders of securities in which Challenger Limited and its associated entities hold a relevant interest. J. P. Morgan Nominees Australia Pty Limited is recorded as holding 11,422,709 ordinary fully paid shares. HSBC Custody Nominees (Australia) Limited is recorded as holding 7,136,221 ordinary fully paid shares. Citicorp Nominees Pty Limited is recorded as holding 7,511,397 ordinary fully paid shares. Each registered holder's entitlement arises by virtue of section 608(3) of the Corporations Act 2001 (Cth), according to the filing.

Nature of Change in Relevant Interest

The filing states that the change in relevant interest involved ordinary fully paid securities sold on market by Challenger Limited and its associated entities listed in Annexure 2 of the notice. No changes in association were disclosed, with the filing recording "N/A" against both the name and nature of association fields. The notice was submitted by Linda Matthews in her capacity as Company Secretary of Challenger Limited, with Challenger Limited's registered address listed as Level 2, 5 Martin Place, Sydney NSW 2000.

Download Free Report – Explore 3 Stock Ideas & Industry Insights

Unlock 3 stock ideas and key industry insights in our free report. This information is general in nature and does not consider your personal objectives, financial situation, or needs. It is not financial advice.

All investments involve risk—consider independent advice before making any investment decisions.

View 3 Research Reports

Disclaimer:

This article (“Article”) has been prepared by Kalkine Pty Limited (ABN 34 154 808 312) (Australian financial services licence number 425376) (“Kalkine”) and its related bodies corporate who are authorised to provide general financial product advice. Kalkine.com.au and its associated pages are published by Kalkine.

Any information/advice provided in this article is general in nature and does not take into account your objectives, financial situation or needs. You should therefore consider whether the information is appropriate for your objectives, financial situation and needs before acting upon it.

There may be a Product Disclosure Statement, Information Memorandum or other offer document (“Offer Document”) for the securities or other financial products referred to in Kalkine articles. You should obtain a copy of the Offer Document and consider it before making any decision about whether to acquire the security or financial product.

Kalkine strongly recommends that you seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) before acting on any advice/information in this Article or on the Kalkine website. Not all investments are appropriate for all people.

The information in this Article and on Kalkine website has been prepared from a wide variety of sources, which Kalkine, to the best of its knowledge and belief, considers accurate. Kalkine has made every effort to ensure the reliability of the information contained in its articles (including this Article), newsletters and websites. All information represents our views at the date of publication and may change without notice.

The information in this Article does not constitute an offer to sell securities or other financial products or a solicitation of an offer to buy securities or other financial products.

Kalkine does not issue, sell or deal in any financial products.

This Article may contain information on past performance of particular investments. Please note past performance is neither an indicator nor a guarantee of future performance.

To the extent permitted by law, and excluding any dishonesty or gross negligence by Kalkine, Kalkine disclaims and excludes all liability for any direct, indirect, implied, punitive, special, incidental or other consequential loss or damage arising from the use of or reliance on this Article, the Kalkine website and any information published on the Kalkine website without any warranties or representations by Kalkine to you. To the extent the law prohibits or limits this exclusion, Kalkine limits its liability to the resupply of services.

Please also read our Terms & Conditions and Financial Services Guide for further information.

Employees and/or associates of Kalkine and its related entities may hold interests in the securities or other financial products covered in this Article or on the Kalkine website. Any such employees and associates are required to comply with certain safeguards, procedures and disclosures as required by law.

Some of the images/music that may be used in the Article are copyright to their respective owner(s). Kalkine does not claim ownership of any of the pictures displayed/music used in the Article unless stated otherwise. The images/music that may be used in the Article are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.

Kalkine Media Pty Ltd, an affiliate of Kalkine Pty Ltd, may have received, or be entitled to receive, financial consideration in connection with providing information about certain entity(s) covered on its website.