Hansen Technologies Ltd (ASX:HSN) Announces Share Sale by Associated Entity
Share Sale Confirmation
Hansen Technologies Ltd (ASX: HSN) has confirmed that Othonna Pty Ltd, as trustee of the Hansen Property Trust, sold 7.0 million shares. This transaction accounts for 3.4% of the total shares issued by HSN. The share sale followed an unsolicited approach after market closure on 3 December 2024.
Continued Commitment
Andrew Hansen, the Global CEO & Managing Director, is a director of Othonna Pty Ltd and a beneficiary of the Hansen Property Trust. After the sale, Othonna Pty Ltd retains its position as the largest shareholder, holding approximately 20.7 million shares or 10.2% of total HSN shares issued. Andrew remains committed to Hansen, with direct and indirect holdings, and does not intend any further sales.
Executive Comments
“This sale enhances our liquidity and free float, allowing the Hansen family to diversify a portion of their overall investment while still maintaining a substantial holding in HSN,” stated Andrew Hansen. Both he and Othonna Pty Ltd confirm no future share sales are planned. Hansen Director Bruce Adams also holds an indirect stake via Othonna Pty Ltd as Executor of the Estate of Yvonne Hansen.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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