Berkeley Energia Limited (BKY) has disclosed that Paradice Investment Management Pty Ltd, one of its substantial shareholders, reduced its stake in the uranium-focused company between 13 October 2026 and 9 November 2026. Paradice sold 4,600,000 fully paid ordinary shares through on-market transactions, lowering its voting power from 8.7950% to 7.7643%. The change in substantial holder notice was lodged with the Australian Securities Exchange on 11 November 2026 in compliance with the Corporations Act 2001 (Cth), making the disposal a matter of public record for investors monitoring significant shareholder movements.

Key Points

  • Berkeley Energia Limited (BKY) — uranium development company listed on the Australian Securities Exchange
  • Paradice Investment Management Pty Ltd sold 4,600,000 ordinary shares in Berkeley Energia via on-market transactions
  • Paradice's shareholding reduced from 39,251,539 shares (8.7950%) to 34,651,539 shares (7.7643%) between 13 October and 9 November 2026
  • Investors may be watching whether Paradice's reduced position signals a broader shift in institutional sentiment towards Berkeley Energia

Paradice Sells 4.6 Million Berkeley Energia Shares Over Four Weeks of On-Market Trading

According to the change in substantial holder notice lodged with the ASX, Paradice Investment Management Pty Ltd conducted the share sales across a period spanning 13 October 2026 to 9 November 2026. The transactions were executed on-market, meaning they were carried out through the open exchange rather than via a privately negotiated block trade. The disposal of 4,600,000 fully paid ordinary shares represents a meaningful reduction in one of Berkeley Energia's most significant institutional positions, though the specific prices at which individual transactions were executed were not disclosed within the announcement.

Paradice's Voting Power in Berkeley Energia Falls Below the 8% Threshold

Prior to the transactions, Paradice held 39,251,539 shares, equating to a voting power of 8.7950% in Berkeley Energia. Following the sales, its holding stands at 34,651,539 shares, representing 7.7643% of voting power. The reduction of approximately one percentage point moves Paradice's stake below the 8% level, a threshold that investors and market observers may regard as notable when assessing the degree of institutional backing held by a development-stage uranium company such as Berkeley Energia. The company did not disclose this figure in the announcement regarding any associated transaction costs.

Berkeley Energia's ASX Disclosure Obligations Under the Corporations Act 2001

The notice was lodged in accordance with Australia's Corporations Act 2001 (Cth), which requires substantial holders — generally those with 5% or more of voting shares — to notify both the company and the exchange when their interest changes by at least 1%. Berkeley Energia, which is developing the Salamanca uranium project in Spain, operates under ASX listing rules that mandate timely and transparent disclosure of such movements. Executive Director Robert Behets and CFO and Company Secretary Dylan Browne are listed as the company's contacts for further information relating to the disclosure.