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Russell Graeme Baskerville has emerged as a substantial shareholder in Monvia Limited (ASX:MNV), holding a 13.29% voting interest through ownership of 12,510,182 fully paid ordinary shares as of 24 March 2025. This stake was accumulated via multiple purchases between March and May 2025, with shares held both by Tidal Opportunities Pty Ltd as trustee for the RTA Futures Trust and directly as a bare trustee for 12 individuals. This development marks a notable change in the shareholder base of the Perth-listed company.
Key Highlights
- Monvia Limited (MNV) has filed a substantial holder notice regarding Russell Graeme Baskerville
- Baskerville controls 13.29% voting power through 12,510,182 fully paid ordinary shares as of 24 March 2025
- Shareholding consists of 12,500,000 shares held by Tidal Opportunities Pty Ltd as trustee for the RTA Futures Trust and 10,182 shares held as bare trustee for 12 individuals
- Acquisitions occurred on 24 March 2025, 7 May 2025, and via IPO allocation, with total consideration of $511,700.20
- Associates include shareholders Glenn Thomas Baskerville and Lorraine Baskerville of the trustee entity
Acquisition Timeline and Multi-Tranche Strategy by Baskerville
Russell Graeme Baskerville built his substantial holding in Monvia Limited through a series of transactions spanning four months. The initial purchase took place on 24 March 2025, when Tidal Opportunities Pty Ltd, acting as trustee for the RTA Futures Trust, acquired 2,500,000 fully paid ordinary shares for $2,500 in cash. This marked Baskerville's official entry as a substantial shareholder.
The subsequent and larger acquisition occurred on 7 May 2025, approximately six weeks later, with Tidal Opportunities Pty Ltd purchasing an additional 10,000,000 fully paid ordinary shares for $500,000 cash. Concurrently, Baskerville, acting as bare trustee, acquired 10,182 fully paid ordinary shares for $11,200.20 on behalf of 12 beneficiaries. These sequential purchases illustrate a deliberate approach to expanding his stake within the company.
Shareholding Structure via Trust and Bare Trustee Arrangements
Baskerville's voting power is held through a complex corporate and trust framework. The majority, 12,500,000 shares, are held by Tidal Opportunities Pty Ltd (ACN 681 773 679) as trustee for the RTA Futures Trust. Under section 608(1)(a) of the Corporations Act 2001, Baskerville is deemed to have a relevant interest as a beneficiary of this trust, and also under sections 608(1)(b) and (c) as a person entitled to exercise or control voting rights and disposal of these shares.
The remaining 10,182 shares are held personally by Baskerville as bare trustee for 12 individuals. These shares were obtained through IPO allocation, granting voting and disposal rights to the beneficial owners. Glenn Thomas Baskerville and Lorraine Baskerville are identified as associates due to their shareholding in Tidal Opportunities Pty Ltd, the trustee entity. This arrangement aligns with the disclosed trust and beneficiary structure.
Overall Voting Power and Percentage Ownership
Baskerville's total holding of 12,510,182 fully paid ordinary shares represents 13.29% of Monvia Limited's voting power as of the effective date of the substantial holder notice. This percentage is calculated by dividing the total votes attached to his shares by the company's total voting rights and multiplying by 100. Surpassing the 5% statutory threshold triggered the mandatory disclosure to the ASX and the company.
The voting power encompasses all shares held directly and through entities where Baskerville controls or influences voting rights. The entire stake was acquired between 24 March 2025 and the IPO allocation date, with no prior voting power held.
Associates and Related Party Details in the Shareholding
The substantial holder notice lists four key associates. Tidal Opportunities Pty Ltd, as trustee for the RTA Futures Trust, is an associate because Baskerville is a named beneficiary. Glenn Thomas Baskerville and Lorraine Baskerville are associates as shareholders of the trustee company. Baskerville himself appears twice: as a beneficiary of the trust and as registered holder of IPO-allocated shares held as bare trustee. These designations ensure transparency of the interconnected ownership and economic interests. The provided Perth addresses, including Baskerville's at 85 Branksome Gardens, City Beach, confirm the geographic base of the controlling parties.
Consideration Paid and Share Valuation Across Transactions
The aggregate cash consideration paid by Baskerville and related entities for the shares totaled $511,700.20. The initial tranche on 24 March 2025 involved 2,500,000 shares purchased for $2,500, implying a price of $0.001 per share, possibly reflecting early investment terms or promotional pricing.
The second tranche on 7 May 2025 consisted of 10,000,000 shares acquired for $500,000, or $0.05 per share. The bare trustee acquisition of 10,182 shares cost $11,200.20, equating to approximately $1.10 per share. Price variations across transactions may relate to timing, bulk purchase discounts, or different capital raising phases. No non-cash consideration was reported.
Monvia Limited's ASX Listing and Market Position
Monvia Limited is an ASX-listed public company (ACN 685 591 280) regulated under the Corporations Act 2001 and ASX listing rules. The substantial holder notice is a Form 603 filing, mandated when a person acquires a relevant interest exceeding 5% voting power in a listed entity. Baskerville’s stake confirms Monvia’s status as a publicly traded company.
The timing of Baskerville’s acquisitions beginning 24 March 2025 coincides with company activities and capital structure changes. The IPO allocation reference indicates a recent initial public offering or capital raise, with Baskerville participating as an investor. The company’s ACN confirms its incorporation and regulatory compliance.
Regulatory Compliance and Disclosure Requirements
The substantial holder notice filed by Baskerville complies with section 671B of the Corporations Act 2001, triggered when voting power reaches or exceeds 5%. Baskerville’s 13.29% holding necessitated lodging Form 603 with the ASX and Monvia Limited within two business days.
The filing includes detailed disclosures on relevant interests, registered holders, consideration paid, associates’ identities and addresses, and a signed declaration. Annexure A provides further details on relevant interests under the Corporations Act, transaction dates, consideration amounts, and associate relationships.
Implications for Future Shareholder Monitoring and Disclosures
This disclosure publicly records Baskerville as a major shareholder with significant influence over Monvia Limited’s corporate decisions, including voting at general meetings. Market participants will likely monitor any changes in his shareholding that cross the 5% threshold, which would trigger further Form 604 disclosures.
The detailed shareholding structure supports corporate governance transparency. Future share transfers between trust entities or disposals may prompt additional disclosures. The naming of Glenn Thomas Baskerville and Lorraine Baskerville as associates may also generate notification obligations if their interests materially change. Investors should track ASX announcements for updates on Baskerville’s or his associates’ holdings.
