Sky Network Television (ASX:SKT) has disclosed that FirstCape Group Limited ceased to hold a substantial product interest in the company on 9 November 2026, with its shareholding falling from 5.086% to 4.887% of ordinary shares on issue.

Key Points

  • FirstCape Group Limited's holding in Sky Network Television fell to 4.887%, comprising 6,741,394 ordinary shares, as at 9 November 2026.
  • The previous disclosure, dated 9 July 2026, recorded a holding of 7,002,152 shares, representing 5.086% of the class.
  • Transactions giving rise to the cessation included on-market purchases and sales, as well as off-market transfers, conducted through Harbour Asset Management Limited and JBWere (NZ) Limited.
  • The total number of ordinary shares in the class was 137,957,169 at the time of the current disclosure.

Cessation of Substantial Holding Details

According to the filing lodged on 10 November 2026, FirstCape Group Limited ceased to hold a substantial product interest in Sky Network Television Limited on 9 November 2026. At the time of the previous disclosure on 9 July 2026, FirstCape Group held 7,002,152 ordinary shares, representing 5.086% of a total class of 137,675,010 shares. Following the transactions disclosed in the current filing, FirstCape Group's holding stood at 6,741,394 ordinary shares, equating to 4.887% of a total class of 137,957,169 shares, thereby falling below the substantial holding threshold.

Transactions by Harbour Asset Management Limited and JBWere (NZ) Limited

The filing sets out the transactions conducted since the previous disclosure through two entities within the FirstCape Group. Harbour Asset Management Limited made on-market purchases of 1,199,791 shares for a gross consideration of $4,016,454.90, and on-market sales of 1,118,404 shares for a gross consideration of $4,014,973.68, along with a net off-market transfer out of 353,281 shares. JBWere (NZ) Limited made on-market purchases of 25,000 shares for $91,000.00 and on-market sales of 20,414 shares for $70,398.39, with a net transfer into DIMS of 6,550 shares.

Certification and Disclosure Obligations

The disclosure was made pursuant to Section 279 of the Financial Markets Conduct Act 2013 and was submitted to both NZX Limited and Sky Network Television Limited. Conor Moynihan certified the disclosure on behalf of all persons for whom it was made, stating that to the best of their knowledge and belief the information contained in the disclosure is correct. The filing noted that no other person is believed to have given, or to be required to give, a disclosure under the Financial Markets Conduct Act 2013 in relation to the financial products to which this disclosure relates.