An unknown buyer signed an underwriting agreement to acquire a 4.277% stake in PEXA Group Limited (ASX:PXA) from Link Administration Holdings Limited (ASX:LNK) for approximately AUD 100 million on November 18, 2022. The PEXA Selldown will proceed at AUD 13.50 per PEXA share. Link Group will use the proceeds of the PEXA shares to repay borrowings.

Tony Damian, Nicole Pedler of Herbert Smith Freehills acted as legal advisor to Link Administration Holdings.