Change in Substantial Shareholder
Airtasker Limited
ABN 53 149 850 457
27 March 2024
ASX Announcement
Airtasker Limited (ASX Code: ART)
Change in Substantial Shareholder
Airtasker Limited (Airtasker) advises that major shareholder BridgeLane Capital Pty Ltd
(BridgeLane) has acquired 3,511,146 ordinary shares from substantial shareholder Morning Crest
Airtasker Investment Holdings Limited (Morning Crest).
Morning Crest is associated with shareholders represented by non-executive director Xiaofan
(Fred) Bai, who has indirect interests in ordinary shares equal to 61,682,042, being 13.64% of the
issued capital of Airtasker, immediately prior to this transaction.
The transaction between BridgeLane and Morning Crest was completed off-market and involved a
very early stage investor in Morning Crest liquidating their proportionate interest in Airtasker as
they were re-balancing their investment portfolio.
The ordinary shares acquired by BridgeLane account for 5.69% of the indirect interests of Mr Bai
and 0.78% of the issued capital of Airtasker as of the date of this announcement. Following this
transaction BridgeLane owns 4.45% of the issued capital of Airtasker and shareholders associated
with Mr Bai own 12.86% of the issued capital of Airtasker.
The directors of Airtasker are fully supportive of this transaction as it does not change the
combined ownership interests of these two long term shareholders in Airtasker. Both BridgeLane
and Morning Crest continue to be supportive shareholders of Airtasker, as it pursues its vision to
build the world’s most trusted marketplace to buy and sell local services.
-- Ends –
For further information, please contact:
Media Enquiries
Investor Relations
Andrea Philips
www.investor.airtasker.com
andrea.philips@airtasker.com
investors@airtasker.com
Airtasker Limited
ABN 53 149 850 457
About Airtasker
Airtasker Limited (ASX: ART) is Australia’s leading online marketplace for local services, connecting
people and businesses who need work done with people who want to work. With a mission to
empower people to realise the full value of their skills, Airtasker aims to have a positive impact
on the future of work by creating truly flexible opportunities to work and earn income. Since
launching in 2012, Airtasker has put more than $550m into the pockets of workers (payments
made after all fee revenue is deducted) and served more than 1.3m unique paying customers
across the world. For more information visit: investor.airtasker.com.
This announcement was approved for release by the Board of Directors of Airtasker Limited.
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