Diginex (DGNX): Hearst entities fully exit stake, report 0% ownership
Rhea-AI Filing Summary
Diginex Limited received an updated Schedule 13G/A from a group of related Hearst entities, including HBM IV, Inc., Fitch Group, Inc., Hearst Communications, Inc., and The Hearst Family Trust. On May 28, 2026, HBM IV sold all of its remaining Ordinary Shares of Diginex. Because the Hearst entities were deemed to beneficially own those shares through their control chain, this sale reduces each reporting person's holdings to 0 Ordinary Shares, or 0% of the class, with no voting or dispositive power remaining.
Positive
- None.
Negative
- None.
Key Figures
Ownership percentage after sale: 0%
Shares with voting power: 0
Shares with dispositive power: 0
+2 more
5 metrics
Ownership percentage after sale
0%
Percent of Diginex Ordinary Shares reported by each Hearst-related entity after May 28, 2026 sale
Shares with voting power
0
Number of Diginex Ordinary Shares over which each reporting person has sole or shared voting power after the sale
Shares with dispositive power
0
Number of Diginex Ordinary Shares over which each reporting person has sole or shared dispositive power after the sale
Sale date
May 28, 2026
Date on which HBM IV sold all remaining Diginex Ordinary Shares
Par value per Ordinary Share
$0.0004 per share
Par value of Diginex Limited Ordinary Shares
Key Terms
beneficial owner, dispositive power, Schedule 13G, testamentary trust
4 terms
beneficial owner regulatory
"Pursuant to the definition of "beneficial owner" set forth in Rule 13d-3"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
dispositive power financial
"power to dispose or to direct the disposition of the Ordinary Shares"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
Schedule 13G regulatory
"Pursuant to the definition of "beneficial owner" set forth in Rule 13d-3"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
testamentary trust financial
"The Hearst Family Trust, a testamentary trust (the "Trust")"
FAQ
What did the Schedule 13G/A filing disclose for DGNX?
The filing disclosed that HBM IV, Inc. and related Hearst entities sold all remaining Ordinary Shares of Diginex Limited on May 28, 2026, and now report 0% beneficial ownership and no voting or dispositive power.
Who are the reporting persons in the DGNX Schedule 13G/A amendment?
The reporting persons are HBM IV, Inc., Fitch Group, Inc., Hearst Ratings II, Inc., Hearst Communications, Inc., Hearst Holdings, Inc., The Hearst Corporation, and The Hearst Family Trust, all filing jointly as beneficial owners under Rule 13d-3.
What is the current ownership of Diginex (DGNX) by the Hearst entities?
Following the May 28, 2026 sale, each of HBM IV, Fitch Group, the Hearst entities, and The Hearst Family Trust reports owning 0 Ordinary Shares of Diginex Limited, representing 0% of the outstanding class, with no voting or dispositive power.
What corporate changes among Hearst entities affected DGNX ownership?
In 2026, Hearst Communications, Inc. transferred HBM IV stock to its wholly owned subsidiary Hearst Ratings II, Inc., which then transferred it to Fitch Group, Inc.. These transfers shifted which entity directly controlled HBM IV before the May 28, 2026 sale.
AI-generated analysis. How Rhea-AI works. Not financial advice.