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COG FINANCIAL SERVICES LIMITED — Major Shareholding Notification 2025
Oct 20, 2025
64684_rns_2025-10-20_f782cc27-09af-40d0-8d54-1b8d4be93a63.pdf
Major Shareholding Notification
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ASX TO CROSS RELEASE: COG
21 October 2025
BY ASX ONLINE - 5 pages
Market Announcements Platform ASX Limited Level 10 20 Bond Street SYDNEY NSW 2000
Dear Sir/Madam,
Notice of change of interests of substantial holder COG Financial Services Limited [ASX:COG]
Following is a Form 604 Notice of change of interests of substantial holder dated 21 October 2025 in accordance with section 671B of the Corporations Act 2001 .
Yours sincerely,
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CRAIG SMITH ACIS, CPA Secretary
THORNEY OPPORTUNITIES LTD ABN 41 080 167 264 Level 45, 55 Collins St. Melbourne VIC 3000 Australia
Notice of change of interests of substantial holder
Form 604
Corporations Act 2001 Section 671B
To: company name/scheme COG FINANCIAL SERVICES LTD ABN 58 100 854 788
1. Details of substantial holder
THORNEY OPPORTUNITIES LTD and each of the associated Name entities listed in the attached Annexure ‘A’ to this notice. ACN 080 167 264
There was a change in the interests of the substantial holder on 17-Oct-25 The previous notice was given to the company on 30-Aug-24 The previous notice was dated 30-Aug-24
2. Previous and present voting power
The total number of shares votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate had a relevant interest in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:
| Class of Securities | Previous Notice | Previous Notice | Present Notice | Present Notice |
|---|---|---|---|---|
| Person’s votes | Voting power | Person’s votes | Voting power | |
| FullyPaid OrdinaryShares | 20,847,357 | 10.61% | 20,333,820 | 9.60% |
3. Changes in relevant interests
Particulars of each change in, or change in the nature of, relevant interests of the substantial holder or an associate in voting securities of the company or scheme since the substantial holder was last required to give a substantial holding notice to the company are as follows:
| Date of Change |
Person whose relevant interest changed |
Nature of change |
Consideration given in relation to change |
Number and class of securities affected |
Person’s votes affected |
|---|---|---|---|---|---|
| 14-Oct-24 | Tiga Trading Pty Ltd and each of the Thorney Investment Group entities listed in Annexure ‘A’ (together ‘Thorney Investment Group’ |
Market Purchase |
$Nil | 234,546 ordinary shares | 234,546 |
| Thorney Opportunities Ltd | $163,050.24 | 169,844 ordinary shares | 169,844 | ||
| 12-Jun-25 | TIGA Trading Pty Ltd | Market Sale | $Nil | 13,841 ordinary shares | 13,841 |
| 25-Jun-25 | TIGA Trading Pty Ltd | Market Sale | $Nil | 200,000 ordinary shares | 200,000 |
| 02-Jul-25 | Thorney Opportunities Ltd | Market Sale | $249,225.60 | 155,766 ordinary shares | 155,766 |
| 03-Jul-25 | Thorney Opportunities Ltd | Market Sale | $85,000.00 | 50,000 ordinary shares | 50,000 |
| 29-Jul-25 | TIGA Trading Pty Ltd | Market Sale | $Nil | 10,091 ordinary shares | 10,091 |
| 31-Jul-25 | TIGA Trading Pty Ltd | Market Sale | $Nil | 12,872 ordinary shares | 12,872 |
| 01-Aug-25 | TIGA Trading Pty Ltd | Market Sale | $Nil | 77,037 ordinary shares | 77,037 |
| Thorney Opportunities Ltd | $90,025.00 | 50,000 ordinary shares | 50,000 | ||
| TIGA Trading Pty Ltd | $Nil | 125,000 ordinary shares | 125,000 | ||
| 05-Aug-25 | Thorney Opportunities Ltd | Market Sale | $231,250.00 | 125,000 ordinary shares | 125,000 |
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3. Changes in relevant interests continued
Particulars of each change in, or change in the nature of, relevant interests of the substantial holder or an associate in voting securities of the company or scheme since the substantial holder was last required to give a substantial holding notice to the company are as follows:
| Date of Change |
Person whose relevant interest changed |
Nature of change |
Consideration given in relation to Change |
Number and class of securities affected |
Person’s votes affected |
|---|---|---|---|---|---|
| 02-Sep-25 | TIGA Trading Pty Ltd | Transfer | $Nil | 4,688,647 ordinary shares | 4,688,647 |
| Thorney International Pty Ltd | $Nil | 4,688,647 ordinary shares | 4,688,647 | ||
| 03-Sep-25 | TIGA Trading Pty Ltd | Market Sale | $Nil | 150,625 ordinary shares | 150,625 |
| Thorney International Pty Ltd | $Nil | 99,375 ordinary shares | 99,375 | ||
| 05-Sep-25 | TIGA Trading Pty Ltd | Market Purchase | $Nil | 112,969 ordinary shares | 112,969 |
| Thorney International Pty Ltd | $Nil | 74,531 ordinary shares | 74,531 | ||
| Thorney Opportunities Ltd | $365,625.00 | 187,500 ordinary shares | 187,500 | ||
| 17-Sep-25 | TIGA Trading Pty Ltd | Market Sale | $Nil | 25,511 ordinary shares | 25,511 |
| Thorney International Pty Ltd | $Nil | 16,831 ordinary shares | 16,831 | ||
| Thorney Opportunities Ltd | $45,674.64 | 20,856 ordinary shares | 20,856 | ||
| 18-Sep-25 | TIGA Trading Pty Ltd | Market Sale | $Nil | 2,320 ordinary shares | 2,320 |
| Thorney International Pty Ltd | $Nil | 1,531 ordinary shares | 1,531 | ||
| Thorney Opportunities Ltd | $4,154.43 | 1,897 ordinary shares | 1,897 | ||
| 26-Sep-25 | TIGA Trading Pty Ltd | Market Sale | $Nil | 11,091 ordinary shares | 11,091 |
| Thorney International Pty Ltd | $Nil | 7,317 ordinary shares | 7,317 | ||
| 29-Sep-25 | TIGA Trading Pty Ltd | Market Sale | $Nil | 12 ordinary shares | 12 |
| Thorney International Pty Ltd | $Nil | 8 ordinary shares | 8 | ||
| 02-Oct-25 | TIGA Trading Pty Ltd | Market Sale | $Nil | 8,945 ordinary shares | 8,945 |
| Thorney International Pty Ltd | $Nil | 5,901 ordinary shares | 5,901 | ||
| Thorney Opportunities Ltd | $32,514.93 | 14,847 ordinary shares | 14,847 | ||
| 03-Oct-25 | Thorney Opportunities Ltd | Market Sale | $32,013.42 | 14,618 ordinary shares | 14,618 |
| 08-Oct-25 | Thorney Opportunities Ltd | Market Purchase | $500,000.00 | 250,000 ordinary shares | 250,000 |
| 09-Oct-25 | TIGA Trading Pty Ltd | Market Sale | $Nil | 63,262 ordinary shares | 63,262 |
| Thorney International Pty Ltd | $Nil | 41,738 ordinary shares | 41,738 | ||
| Thorney Opportunities Ltd | $106,663.50 | 45,000 ordinary shares | 45,000 | ||
| 10-Oct-25 | TIGA Trading Pty Ltd | Market Sale | $Nil | 2,691 ordinary shares | 2,691 |
| Thorney International Pty Ltd | $Nil | 1,775 ordinary shares | 1,775 | ||
| Thorney Opportunities Ltd | $4,593.60 | 1,914 ordinary shares | 1,914 | ||
| 13-Oct-25 | TIGA Trading Pty Ltd | Market Sale | $Nil | 50,667 ordinary shares | 50,667 |
| Thorney International Pty Ltd | $Nil | 33,428 ordinary shares | 33,428 | ||
| Thorney Opportunities Ltd | $86,500.80 | 36,042 ordinary shares | 36,042 | ||
| 15-Oct-25 | TIGA Trading Pty Ltd | Market Sale | $Nil | 25,971 ordinary shares | 25,971 |
| Thorney International Pty Ltd | $Nil | 17,134 ordinary shares | 17,134 | ||
| Thorney Opportunities Ltd | $44,618.40 | 18,474 ordinary shares | 18,474 | ||
| TIGA Trading Pty Ltd | $Nil | 2,132 ordinary shares | 2,132 | ||
| 21-Oct-25 | Thorney International Pty Ltd | Market Sale | $Nil | 1,407 ordinary shares | 1,407 |
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4. Present relevant interests
Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:
| Holder of relevant interest |
Registered holder of securities |
Person entitled to be registered as holder |
Nature of relevant interest | Number and | Person’s votes |
|---|---|---|---|---|---|
| class of securities |
|||||
| Thorney Opportunities Ltd |
UBS Nominees Pty Ltd |
Thorney Opportunities Ltd |
Thorney Opportunities Ltd has a relevant interest under section 608(1)(b) of the Corporations Act 2001 (Cth)(theAct) as it is the beneficial holder of those shares. |
8,858,852 ordinary shares |
8,858,852 |
| Thorney Investment Group |
UBS Nominees Pty Ltd |
Thorney Opportunities Ltd |
Thorney Investment Group is taken to have a relevant interest as it has the capacity to determine the outcome of decisions about the financial and operating policies of Thorney Opportunities Ltd. |
8,858,852 ordinary shares |
8,858,852 |
| TIGA Trading Pty Ltd |
Thorney Investment Group is taken under section 608(3)(b) of the_Act_to have a relevant interest as it holds all the issued capital in Tiga Trading Pty Ltd. |
6,938,235 ordinary shares |
6,938,235 | ||
| Thorney International Pty Ltd |
Thorney International Pty Ltd |
Thorney Investment Group is taken under section 608(3)(b) of the Corporations Act 2001 (Cth) (the Act) to have a relevant interest as it holds all the issued capital in Thorney International Pty Ltd. |
4,536,733 ordinary shares |
4.536.733 | |
| Mr Alex Waislitz |
UBS Nominees Pty Ltd |
Thorney Opportunities Ltd |
Each of the entities listed in the adjacent column (and in Annexure “A”) are ‘associates’ pursuant to section 12(2)(a)(iii) of the_Act_by virtue of them being commonly controlled by Mr Alex Waislitz who, pursuant to section 50AA of the_Act_, has the capacity to determine the outcome of decisions about the financial and operating policies of each of those entities. |
8,858,852 ordinary shares |
8,858,852 |
| TIGA Trading Pty Ltd |
6,938,235 ordinary shares |
6,938,235 | |||
| Thorney International Pty Ltd |
Thorney International Pty Ltd |
4,536,733 ordinary shares |
4.536.733 |
5. Changes in association
The persons who have become associates of, ceased to be associates of, or have changed the nature of their association with, the substantial holder in relation to voting interests in the company or scheme are as follows:
| Name | Nature of association |
|---|---|
| Jamah Investments Pty Ltd, ACN 093 388 928 as trustee for the Jamah Investment Trust |
Has ceased to be an associate |
6. Addresses
The addresses of persons named in this form are as follows:
| Name | Address |
|---|---|
| Thorney Opportunities Ltd, ACN 080 167 264 | Level 45, 55 Collins Street, Melbourne 3000 |
| Tiga Trading Pty Ltd, ACN 118 961 210 | Level 45, 55 Collins Street, Melbourne 3000 |
| Thorney International Pty Ltd, ACN 132 886 698 | Level 45, 55 Collins Street, Melbourne 3000 |
| Thorney Investment Group and each of the entities listed in Annexure ‘A’ to this notice |
See Annexure ‘A’ to this notice |
| Alex Waislitz | Level 45, 55 Collins Street, Melbourne 3000 |
Signature
Print name CRAIG SMITH ACIS, CPA Capacity SECRETARY Sign here Date: 21 October 2025
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ANNEXURE ‘A’
This is Annexure A referred to in the Form 604 Notice of change of interests of substantial holder signed by me and dated 21 October 2025.
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......................................... CRAIG SMITH Secretary
SUBSTANTIAL HOLDERS - ENTITY DETAILS
| Associated Entities | Address | |
|---|---|---|
| Thorney Investment Group | ||
| Jamahjo Pty Ltd, ACN 117 488 696 as trustee for the Halex Family Trust |
c/- Wilson Pateras, Ground Floor, 40 River Boulevard, Richmond 3121 |
|
| Thistle Custodians PtyLtd, ACN 078 027 193 | Level 45, 55 Collins Street, Melbourne 3000 | |
| Thistle Holdings PtyLtd, ACN 075 051 464 | Level 45, 55 Collins Street, Melbourne 3000 | |
| ThorneyAlpha PtyLtd, ACN 162 820 537 | Level 45, 55 Collins Street, Melbourne 3000 | |
| ThorneyBeta PtyLtd, ACN 162 828 677 | Level 45, 55 Collins Street, Melbourne 3000 | |
| ThorneyHoldings PtyLtd, ACN 006 262 835 | Level 45, 55 Collins Street, Melbourne 3000 | |
| ThorneyInternational PtyLtd, ACN 132 886 698 | Level 45, 55 Collins Street, Melbourne 3000 | |
| Thorney Investment Group Australia Pty Ltd, ACN 117 488 892 |
Level 45, 55 Collins Street, Melbourne 3000 | |
| ThorneyManagement Services PtyLtd, ACN 164 880 148 | Level 45, 55 Collins Street, Melbourne 3000 | |
| ThorneyOmega PtyLtd, ACN 163 964 636 | Level 45, 55 Collins Street, Melbourne 3000 | |
| Tiga PropertyPtyLtd, ACN 117 811 453 | Level 45, 55 Collins Street, Melbourne 3000 | |
| Tiga(Ballarat)PtyLtd, ACN 117 812 030 | Level 45, 55 Collins Street, Melbourne 3000 | |
| Tiga Finance PtyLtd, ACN 118 521 412 | Level 45, 55 Collins Street, Melbourne 3000 | |
| Tiga(Hawthorn)PtyLtd, ACN 126 952 663 | Level 45, 55 Collins Street, Melbourne 3000 | |
| Tiga Tails PtyLtd, ACN 080 534 416 | Level 45, 55 Collins Street, Melbourne 3000 | |
| Tiga TradingPtyLtd, ACN 118 961 210 | Level 45, 55 Collins Street, Melbourne 3000 | |
| Other associates | ||
| Early Force Pty Ltd, ACN 103 134 363 as trustee for the Alex Waislitz PropertyInvestment Trust |
Level 45, 55 Collins Street, Melbourne 3000 | |
| Jasforce Pty Ltd, ACN 017 167 713 as trustee for the Alex Waislitz Retirement Plan |
c/- Wilson Pateras, Ground Floor, 40 River Boulevard, Richmond 3121 |
|
| ThorneyTechnologies Ltd, ACN 096 782 188 | Level 45, 55 Collins Street, Melbourne 3000 | |
| 58 Jarque PtyLtd, ACN 617 756 377 | Level 45, 55 Collins Street, Melbourne 3000 | |
| Two Towers Pty Ltd, ACN 134 730 546 | c/- Wilson Pateras, Ground Floor, 40 River Boulevard, Richmond 3121 |
|
| Urban Land Nominees Pty Ltd, ACN 004 753 066 | c/- Wilson Pateras, Ground Floor, 40 River Boulevard, Richmond 3121 |
|
| Coastal Estates Proprietary Limited, ACN 004 481 154 | c/- Wilson Pateras, Ground Floor, 40 River Boulevard, Richmond 3121 |
|
| Waislitz Charitable Corporation Pty Ltd, ACN 163 623 612 as trustee for the Waislitz FamilyFoundation |
Level 45, 55 Collins Street, Melbourne 3000 |
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