State Street becomes substantial holder in Mesoblast Limited

State Street Corporation and its named subsidiaries officially became a substantial holder in Mesoblast Limited on August 27, 2025, acquiring a 5.05% voting power. This stake represents 64,670,012 ordinary shares. The relevant interests are held by various State Street entities, including State Street Global Advisors Europe Limited, State Street Bank and Trust Company, and SSGA Funds Management, Inc., acting as investment managers, trustees, or in capacities related to securities lending.

The acquisition involved a series of transactions from April 28, 2025, to August 27, 2025, with consideration primarily listed as "n/a" for cash and non-cash. This suggests a portfolio rebalancing or internal transfer among State Street entities rather than direct open market purchases with disclosed prices. For instance, State Street Global Advisors, Australia, Limited, showed cash consideration of AUD 1.84 and AUD 1.78 on various dates.

The holdings include shares where State Street Bank and Trust Company acts as both a lender and borrower in securities lending agreements. In these arrangements, the borrower typically retains the right to vote, while the lender can recall securities.