MaxiPARTS (ASX:MXI): Perpetual Increases Substantial Holding to 9.57%

Sonal Goyal

22 September 2026 01:40 PM AEST

MaxiPARTS (ASX:MXI): Perpetual Increases Substantial Holding to 9.57%

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Highlights

Perpetual Limited has increased its voting power in MaxiPARTS from 7.917% to 9.567%.
The change reflects a series of on-market sales and purchases across several managed accounts between April and September 2026.
The largest single purchases occurred on 11 September 2026, totalling more than $2 million in combined consideration.
MaxiPARTS is a distributor of parts and accessories for the truck and heavy vehicle industry.

A Form 604 notice of change of interests of substantial holder has been lodged in relation to MaxiPARTS Limited (ASX:MXI) on 15 September 2026, showing that Perpetual Limited and its related bodies corporate increased their voting power in the company from 7.917% at the time of the previous notice to 9.567%. In absolute terms, the number of votes attached to the holder's ordinary shares rose from 4,399,310 to 5,316,117.

Pattern of Transactions

The notice details a series of transactions across several managed accounts between April and September 2026, including a number of smaller on-market sales in April and May followed by a series of purchases from late July through to mid-September. The largest single-day activity occurred on 11 September 2026, when purchases across multiple custodial accounts totalled more than $2 million in combined consideration, materially lifting the disclosed voting power.

About MaxiPARTS

MaxiPARTS operates as a distributor of parts and accessories to the truck and heavy vehicle industry, with its registered address in Truganina, Victoria. The company's shares are held through custodial arrangements including HSBC Custody Nominees and National Nominees, reflecting typical institutional holding structures for ASX-listed companies with substantial Fund Manager ownership.

Key Insights

The increase in Perpetual's substantial holding in MaxiPARTS, driven largely by a concentrated period of purchases in September 2026, provides a transparent record of how institutional ownership in the company has evolved over recent months. Movements of this kind in a substantial shareholder's position are routinely disclosed under the Corporations Act, offering the market visibility into changes in a company's institutional ownership base. This article is for informational purposes only and does not constitute Investment advice.

FAQs

Q: What is Perpetual's current voting power in MaxiPARTS?

A:The Form 604 notice shows Perpetual's voting power at 9.567% following the disclosed transactions.

Q: Over what period did these transactions occur?

A:The disclosed transactions occurred between April 2026 and September 2026.

Q: What was the largest single day of activity?

A:The largest activity occurred on 11 September 2026, with purchases totalling more than $2 million in combined consideration.

Q: What does MaxiPARTS do?

A:MaxiPARTS distributes parts and accessories to the truck and heavy vehicle industry.

Q: What is a Form 604 notice?

A:It is a notice lodged under the Corporations Act disclosing a change in the interests of a substantial holder in a listed company.

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