Macquarie group ceases to be substantial holder in IDP Education

Macquarie Group Limited and its controlled bodies corporate, including Macquarie Bank Limited, Macquarie Investment Management Limited, Macquarie Investment Services Limited, and Macquarie Investment Management Global Limited, notified IDP Education Limited of their cessation as a substantial holder on August 22, 2025. The previous notice was given on August 13, 2025.

The changes in relevant interests included numerous "Stock - Purchase" and "Stock - Sale" transactions by Macquarie Bank Limited throughout August 2025, with prices ranging from AUD 4.295 to AUD 5.005. Macquarie Investment Management Limited also engaged in "On market sale" and "On market purchase" transactions. Notably, Macquarie Bank Limited recorded several "Borrow Return" and "Collateral Receive" transactions, affecting millions of shares.

The group's cessation of substantial holder status is primarily attributed to changes in relevant interests involving various stock transactions and securities lending agreements. As per the Securities Lending Agreement, Macquarie Bank Limited held voting rights, which generally pass to the transferee/Borrower. These securities are slated for redelivery upon settlement.