First Sentier group becomes substantial shareholder in IDP Education

First Sentier Group Limited and its related bodies corporate became a substantial holder in IDP Education Ltd on August 29, 2025, with a total voting power of 5.37%. This stake represents 14,933,446 fully paid ordinary shares. Of these, 10,182,992 shares are held by First Sentier Group Limited and its subsidiaries, while 4,750,454 shares are attributed to Mitsubishi UFJ Financial Group, Inc., First Sentier's ultimate parent.

The relevant interests are held by various First Sentier entities, including First Sentier Investors RQI Pty Ltd, First Sentier Investors (Australia) IM Ltd, and First Sentier Investors (Australia) RE Ltd, through their investment management capacities. Mitsubishi UFJ Financial Group, Inc. holds a direct interest in 4,750,454 fully paid ordinary shares.

Noteworthy acquisitions include shares borrowed from Citigroup Global Markets Limited under a Prime Brokerage Agreement. For instance, First Sentier Investors RQI Pty Ltd acquired 178,816 fully paid ordinary shares on June 12, 2025, and 22,601 shares on August 6, 2025, through such arrangements. Additionally, First Sentier Investors (Australia) IM Ltd made multiple cash acquisitions, such as 51,799 shares on May 15, 2025, and 483,717 shares on June 3, 2025.