Westpac declares substantial holding in Precinct Properties

Westpac Banking Corporation has disclosed a substantial holding in Precinct Properties NZ Ltd & Precinct Properties Investments Ltd ordinary shares, effective October 15, 2025. The banking group, including its related bodies corporate, now holds a total of 94,785,379 shares, representing 5.97% of the total 1,587,938,748 shares in the class.

The substantial holding is attributed to relevant interests by virtue of Westpac-related entities acquiring shares on behalf of funds they manage or for which they act as responsible entities. Key transactions contributing to this holding include on-market purchases and sales between June 13, 2025, and October 15, 2025. For instance, Westpac WHS Australasian Share No.1 recorded on-market purchases totaling 6,426,451 shares for $7,944,534.73 and sales of 489,138 shares for $633,370.44.

Similarly, Westpac WHS Property made significant on-market purchases of 12,000,650 shares for $14,832,596.70 during the same period. Tim Hartin, company secretary, certified the disclosure, which affects director and senior manager disclosures.