DXN Limited (ASX:DXN) has received a Form 605 notice disclosing that Wilson Asset Management Group ceased to be a substantial holder in the company on 13 October 2026, following a series of on-market sell transactions conducted across multiple entities within the group.

Key Points

  • Wilson Asset Management Group ceased to be a substantial holder in DXN Limited on 13 October 2026.
  • On-market sell transactions were executed on 14 October, 15 October, and 30 October 2026 across multiple Wilson Asset Management entities.
  • The largest single transaction was WAM Microcap Limited selling 8,022,523 ordinary shares on 30 October 2026 for consideration of $1,106,499.27.
  • The notice was signed by Kim Heng, Chief Operating Officer, on 3 November 2026.
  • The previous substantial holding notice was dated 30 October 2026 and given to the company on 30 October 2026.

Cessation of Substantial Holding in DXN Limited

According to the filing, Wilson Asset Management Group ceased to be a substantial holder in DXN Limited (ACN 620 888 548) on 13 October 2026. The notice, lodged on Form 605 under Section 671B of the Corporations Act 2001, was signed by Kim Heng in the capacity of Chief Operating Officer and dated 3 November 2026. The previous substantial holding notice had been dated 30 October 2026 and given to the company on 30 October 2026. The Wilson Asset Management Group comprises fifteen named entities, all addressed at Level 26, 1 Farrer Place, Sydney, NSW 2000.

On-Market Sell Transactions Across Wilson Entities

The filing's Annexure B details a series of on-market sell transactions carried out by four Wilson Asset Management entities. On 14 October 2026, Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund sold 26,690 ordinary shares for $9,114.29, WAM Active Limited sold 950,677 ordinary shares for $324,644.35, WAM Capital Limited sold 804,979 ordinary shares for $274,890.30, and WAM Microcap Limited sold 559,643 ordinary shares for $191,111.12. On 15 October 2026, Botanical Nominees sold a further 36,000 shares for $10,223.91, WAM Active Limited sold 344,000 shares for $97,695.17, and WAM Capital Limited sold 920,000 shares for $261,277.76.

Final Sell Transactions on 30 October 2026

The concluding transactions disclosed in Annexure B occurred on 30 October 2026, with WAM Active Limited selling 4,822,970 ordinary shares for consideration of $664,721.77 and WAM Microcap Limited selling 8,022,523 ordinary shares for consideration of $1,106,499.27. All securities affected across every transaction were classified as ordinary shares, and the persons' votes affected matched the number of securities in each respective transaction. Citigroup Pty Limited, addressed at Level 21, 2 Park Street, Sydney NSW 2000, is also listed among the addresses in Annexure A.