Patrys Limited Substantial Holder Leanne Kite Increases Voting Power to 6.87% After Performance Rights Conversion

Manish Choudhary

09 November 2026 06:10 PM AEDT

Patrys Limited Substantial Holder Leanne Kite Increases Voting Power to 6.87% After Performance Rights Conversion

Image Source: Krish Capital Pty Ltd

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Patrys Limited (ASX:PAB) has received a notice of change of interests of substantial holder from Leanne Kite, disclosing that her voting power in the company increased from 5.75% to 6.87% following the conversion of vested performance rights on 30 September 2026, based on 708,845,324 shares on issue.

Key Points

Leanne Kite's voting power in Patrys Limited increased from 5.75% to 6.87%, based on 708,845,324 shares on issue.
The change was triggered by the conversion of 10,000,000 vested performance rights into fully paid ordinary shares by Paralian Pty Ltd on 30 September 2026, with no consideration paid.
Kite's total person's votes increased from 38,712,420 to 48,712,420 fully paid ordinary shares.
The notice was signed by Leanne Kite in her capacity as Director, dated 9 November 2026.

Performance Rights Conversion by Paralian Pty Ltd

The change in Leanne Kite's substantial holding arose from a single transaction on 30 September 2026, in which Paralian Pty Ltd converted 10,000,000 vested performance rights into fully paid ordinary shares. The filing states that no consideration was given in relation to this change. The transaction affected 10,000,000 fully paid ordinary shares and a corresponding 10,000,000 person's votes. The previous substantial holder notice had been given to the company on 7 July 2026 and was dated the same day.

Present Relevant Interests Held Across Two Entities

Following the change, Kite's present relevant interests are held across two entities. Paralian Pty Ltd holds 46,629,087 fully paid ordinary shares as the registered holder, with a relevant interest arising pursuant to section 608(1)(a) of the Corporations Act. Tyche Pty Ltd trading as the Panther Investment Fund holds an additional 2,083,333 fully paid ordinary shares under the same statutory basis. Both entities are listed with an address at 15 Outram Street, West Perth WA 6005. The combined holdings account for the total 48,712,420 votes disclosed in the notice.

Substantial Holding Notice Details

The Form 604 notice was lodged under section 671B of the Corporations Act 2001 and discloses that the change in Kite's interests occurred on 9 November 2026. The filing identifies Leanne Kite as the substantial holder, with no ACN or ARSN applicable. The notice was signed by Leanne Kite in her capacity as Director. No changes in association were disclosed in the filing. The company to which the notice was submitted is Patrys Limited, ACN 123 055 363.

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