MUFG exits as substantial holder in IDP Education

Mitsubishi UFJ Financial Group, Inc. (MUFG) ceased to be a substantial holder in IDP Education Limited on September 1, 2025. This follows previous notices given to the company on September 3, 2025.

The change in relevant interests primarily involved the sale of 266,211 fully paid ordinary shares by an entity controlled by Morgan Stanley on September 1, 2025, with no consideration explicitly stated for this particular transaction. Prior to this, numerous individual transactions, both purchases and sales of shares, by a Morgan Stanley-controlled entity occurred on the same date, involving varying amounts of fully paid ordinary shares and corresponding considerations. For example, some of the largest sales included 500,000 fully paid ordinary shares for $2,913,124.00 and 128,565 fully paid ordinary shares for $754,522.27.

The cessation of substantial holding is detailed across several schedules, including Prime Brokerage Agreements and Master Securities Loan Agreements with various parties such as Citigroup Global Markets Limited, State Street Bank and Trust Company, and BlackRock Institutional Trust Company, N.A. These agreements specify terms for the borrowing and lending of securities, with most indicating that the borrower has the right to return securities early and the lender has the right to recall them early, subject to notice.