Allan Gray Australia reduces stake in Sims Limited

Allan Gray Australia and its related bodies corporate, acting as investment manager, announced a decrease in their substantial holding in Sims Limited. The change occurred between June 5, 2025, and September 3, 2025. Previously, Allan Gray Australia held 15.28% voting power in Sims Limited, equating to 29,516,012 votes. Following the change, their present voting power has fallen to 13.32%, representing 25,744,865 votes.

The reduction in the holding was primarily due to the sale of 3,771,147 ordinary shares, with a total consideration of A$55,840,364. These sales were transacted on-market. The shares are held across various registered holders including BNP Paribas Fund Services Australasia Pty Ltd, Citibank N.A., JP Morgan Chase Bank, Northern Trust Corporation, and State Street Australia Ltd.

The substantial holder, Allan Gray Australia Pty Ltd, manages assets for numerous funds listed in the announcement, including Allan Gray Australia Equity Fund, AMP Super Fund, and various Orbis funds.