Greencape Capital Cuts Stake in Environmental Group to 6.85% After Selling 5,521,960 Shares

Aditi Sarkar

11 November 2026 04:21 PM AEDT

Greencape Capital Cuts Stake in Environmental Group to 6.85% After Selling 5,521,960 Shares

Image Source: Krish Capital Pty Ltd

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Environmental Group Ltd (ASX:EGL) has been notified that substantial holder Greencape Capital Pty Ltd reduced its voting power in the company from 8.30% to 6.85%, following a series of on-market sales totalling 5,521,960 ordinary fully paid shares between 26 October and 9 November 2026.

Key Points

Greencape Capital Pty Ltd's voting power in Environmental Group Ltd fell from 8.30% (31,592,287 votes) to 6.85% (26,070,327 votes).
A total of 5,521,960 ordinary fully paid shares were sold on market across eight separate transactions between 26 October and 9 November 2026.
The change in interests was last required to be reported as of 26 October 2026, with the present notice dated 9 November 2026.
Relevant interests are held across registered holders J.P. Morgan Nominees Australia Pty Limited, HSBC Custody Nominees (Australia) Limited, and Citicorp Nominees Pty Limited.

Share Sale Transactions Between 26 October and 9 November 2026

According to the filing lodged on 11 November 2026, Greencape Capital Pty Ltd conducted eight separate on-market sell transactions in Environmental Group Ltd ordinary fully paid shares. The transactions included sales of 6,900 shares on 26 October, 2,097,965 on 27 October, 82,322 on 30 October, 525,000 on 2 November, 966,173 on 3 November, 30,000 on 6 November, and two further sales on 9 November of 958,850 and 854,750 shares respectively. The aggregate reduction across all transactions was 5,521,960 shares.

Present Relevant Interests Held Across Three Registered Holders

Following the change, Greencape Capital Pty Ltd's relevant interests in Environmental Group Ltd are held across three registered holders. J.P. Morgan Nominees Australia Pty Limited holds 11,422,709 ordinary fully paid shares, HSBC Custody Nominees (Australia) Limited holds 7,136,221 ordinary fully paid shares, and Citicorp Nominees Pty Limited holds 7,511,397 ordinary fully paid shares. The nature of the change disclosed for the HSBC Custody Nominees holding is described as ordinary fully paid securities sold on market by Greencape Capital Pty Ltd, with the remaining holdings listed as above.

Substantial Holder Notice Filed by Greencape Capital

The notice of change of interests of substantial holder was submitted to the ASX Company Announcements Office on 11 November 2026 by Linda Matthews, Company Secretary of Greencape Capital Pty Ltd (ACN 120 328 529). The form was lodged electronically and covers Environmental Group Ltd (ACN 000 013 427). The previous substantial holding notice was dated 26 October 2026. Greencape Capital Pty Ltd holds an Australian Financial Services Licence numbered 303903 and is based in Melbourne, Victoria.

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