Investment bank UBS is working on a $64m block trade out of Technology One.
Shares are being sold on behalf of JL Mactaggart Holdings, which is selling a $28m interest and Masterbah Pty, which is offloading $37m.
The deals represent 2.2 per cent of shares on issue.
Shares are being sold at $9.20 each, a 7.2 per cent discount to their last close of $9.91.
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