Perpetual Limited Reduces Stake in Clover Corporation to 8.501% Following Share Sales

Aditi Sarkar

12 November 2026 05:06 PM AEDT

Perpetual Limited Reduces Stake in Clover Corporation to 8.501% Following Share Sales

Image Source: Krish Capital Pty Ltd

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Clover Corporation Ltd (ASX:CLV) has received a notice disclosing that Perpetual Limited and its related bodies corporate reduced their substantial holding in the company from 9.54% to 8.501% of voting power, following a series of share sales between 30 October and 10 November 2026.

Key Points

Perpetual Limited and its related bodies corporate held 14,197,082 ordinary shares, representing 8.501% voting power, as at 10 November 2026.
The previous notice, dated 29 October 2026, disclosed 15,931,221 ordinary shares at 9.54% voting power.
All transactions recorded in the notice were sales, executed through custodians Citicorp Nominees Pty Ltd and HSBC Custody Nominees (Australia) Limited.
The change in interests was lodged with Clover Corporation on 12 November 2026 and signed by Sylvie Dimarco, Company Secretary of Perpetual Limited.

Change in Substantial Holding as at 10 November 2026

According to the Form 604 filing lodged on 12 November 2026, Perpetual Limited and its related bodies corporate recorded a change in their relevant interest in Clover Corporation ordinary shares on 10 November 2026. The previous substantial holding notice had been given to the company on 2 November 2026 and was dated 29 October 2026. At that time, Perpetual and its associates held 15,931,221 ordinary shares, equating to 9.54% voting power. The present notice discloses a holding of 14,197,082 ordinary shares, representing 8.501% voting power in Clover Corporation.

Series of Sale Transactions Through Two Custodians

The filing's Annexure A details multiple sale transactions executed by Perpetual Investment Management Limited (PIML) between 30 October 2026 and 10 November 2026. Sales were conducted through two custodians: Citicorp Nominees Pty Ltd and HSBC Custody Nominees (Australia) Limited. Individual sale transactions ranged across multiple dates including 30 October, 2 November, 4 November, 5 November, and 10 November 2026. Transaction sizes varied, with some of the larger individual sales involving more than 450,000 ordinary shares through Citicorp Nominees and more than 445,000 shares through HSBC Custody Nominees on 4 November 2026.

Parties Named in the Substantial Holder Notice

The filing identifies Perpetual Limited (ACN 000 431 827) as the substantial holder, with Perpetual Investment Management Limited (PIML) named as the entity through which the relevant interest changes were effected. Both Perpetual Limited and PIML are listed at Level 14, 123 Pitt Street, Sydney, NSW 2000. The notice was signed by Sylvie Dimarco in her capacity as Company Secretary of Perpetual Limited and is dated 12 November 2026. No changes in association were disclosed in the filing. Present relevant interests are detailed in Annexure B of the notice, as referenced in section 4 of the form.

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