Mayfield Group's (ASX:MYG) largest shareholder, Nightingale Partners, sold 10 million shares in the company, according to a Friday filing with the Australian bourse.
Nightingale Partners now owns 30.8 million shares in the company, representing around a 26.5% stake, the filing said.
Judo Capital Holdings (ASX:JDO) priced a AU$750 million capital-relief securitization transaction that will boost the company's common equity Tier 1 ratio, according to a Friday filing with the Australian bourse.The transaction, backed by small and medium-sized enterprise business loans, received strong investor support, allowing the company to upsize it from an initial amount of AU$500 million.As a result of the transaction, Judo Capital said its pro forma CET1 ratio at March 31 was 13.2%, compared with a reported ratio of 12.6%.After the transaction, which is expected to settle on June 4, Judo will generate a "significant" net interest margin on the underlying business loans without needing to hold capital for those assets, it said. Assuming a normalized level of capital, the transaction is expected to deliver a pro-forma benefit of 25 to 30 basis points to the fiscal year 2027 return on equity.
Webjet (ASX:WJL) has confirmed that Chief Executive Katrina Barry will step down on May 31, following her previously disclosed resignation, according to a Friday Australian bourse filing.The company and Barry have entered into a consultancy agreement for her to assist with transitional matters after May 31, per the filing.Layton Shannos, chief financial officer, has been appointed acting CEO effective June 1, the filing said.The company is continuing its search for a permanent CEO successor and will update the market in due course, the filing added.
HealthCo Healthcare and Wellness REIT (ASX:HCW) is seeing the beginning of a material uplift in tenant covenant quality through a lease transfer to a state government-backed counterparty, signaling potential dividend reinstatement, Jefferies said in a note on Thursday.The company disclosed Thursday that troubled hospital operator Healthscope, from which HealthCo owns 11 private hospitals, reached an agreement to surrender its existing lease of Mount Private Hospital in Western Australia to Bethesda Health Care.This update provides clearer timing on Healthscope's restructuring process, the investment firm said.Jefferies said the REIT appears undervalued, trading at a 53% discount to net tangible assets, and sees potential for dividend reinstatement in fiscal year 2027.The brokerage maintained a hold rating on HealthCo Healthcare and Wellness REIT with a price target of AU$0.75.