Macquarie Group increases substantial holding in Lendlease

Macquarie Group Limited and its controlled entities have reported a change in their substantial holding in Lendlease Group, increasing their voting power from 6.09% to 7.15%. This change, effective September 2, 2025, reflects various on-market purchases and transfers by Macquarie Bank Limited, Macquarie Investment Management Australia Limited, and other Macquarie entities, involving AUD-denominated transactions.

Concurrently, Lendlease Group announced changes to director Anthony Peter Lombardo's interests. On September 1, 2025, Lombardo acquired 19,640 ordinary stapled securities from the vesting of performance and deferred rights. However, 977,190 awards rights lapsed due to unfulfilled performance conditions. Additionally, 26,068 deferred securities and 10,958 deferred rights vested. On September 2, 2025, an automatic sale of 1,000 securities at AUD5.50 occurred to cover Singapore withholding tax obligations.

Following these adjustments, Lombardo's direct holding increased to 225,552 ordinary stapled securities, while his indirect holdings include 52,136 ordinary stapled securities in ESAP, 10,958 time-based deferred rights, 906,928 performance-based performance rights, and 849,899 market-priced options. The total quoted securities for Lendlease Group now stand at 690,192,873.