Allan Gray Australia cuts stake in Downer EDI

Allan Gray Australia Pty Ltd, acting as investment manager for various funds, has reduced its substantial holding in Downer EDI Ltd. The change occurred between June 26, 2025, and September 3, 2025. The group's voting power decreased from 8.14% to 7.12%.

The reduction involved the sale of 6,847,847 ordinary shares for a consideration of AUD 47,243,545. These transactions took place on market, via in-specie under a dividend reinvestment plan, or pursuant to a capital raising.

Post-change, relevant interests are held across various registered holders. Citibank N.A., Sydney Branch, holds the largest portion with 22,653,686 securities, followed by JP Morgan Chase Bank with 12,453,113. Other holders include Northern Trust Corporation (5,337,491), State Street Australia Ltd (4,781,217), and BNP Paribas Fund Services Australasia Pty Ltd (2,618,132).