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Qualitas Limited (ASX:QAL)

ALERT: Price-sensitive ASX Announcement for QAL
Current share price for QAL : $3.280 -0.23 (-6.55%)+
Announcement
Release
20 Oct 2025 8:34AM
Price at Release
$3.510
Full Release
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Summary
Qualitas Limited (ASX: QAL) announced that Andrew Schwartz, the Group Managing Director and Co-Founder, along with his associated entities, sold 15.1 million shares, which represents approximately 5% of the total issued capital of the company. The shares were acquired by a large global listed equities manager. Post-transaction, Schwartz and his entities retain voting control over 57.3 million shares, accounting for about 19% of the company's issued capital. Schwartz emphasized his commitment to the company and its growth, noting strong performance in FY25 and a promising outlook for FY26. This transaction marks Schwartz's first share sale since Qualitas's IPO nearly four years ago, highlighting his continued commitment and the strong institutional support for the company.
Key Points
  • Andrew Schwartz sold 15.1 million shares.
  • Shares sold represent approximately 5% of Qualitas's total issued capital.
  • A global listed equities manager acquired the shares.
  • Schwartz retains control over 57.3 million shares (19% of capital).
  • First sale of shares by Schwartz since IPO.
  • Strong FY25 performance and promising FY26 outlook.
  • Continued commitment from Schwartz to Qualitas.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.