AustralianSuper pares stake in Cedar Woods Properties

AustralianSuper Pty Ltd has announced a change in its substantial holding in Cedar Woods Properties Limited, reducing its voting power from 10.27% to 9.14%. This adjustment reflects a decrease in the total number of votes held by AustralianSuper from 8,470,511 to 7,581,330 ordinary shares. The change was formally noted on September 9, 2025, with the previous notice issued on August 28, 2025.

The reduction in voting power is attributed to a series of "SELL" transactions executed by JPMorgan Nominees Australia Ltd on behalf of AustralianSuper Pty Ltd. These sales occurred between August 27, 2025, and September 9, 2025, involving various considerations per security ranging from 7.42 to 7.56. Notably, the largest single transaction on August 28, 2025, saw the sale of 224,968 ordinary shares, while another significant divestment on September 9, 2025, involved 109,978 ordinary shares.

Overall, the period saw multiple sales impacting AustralianSuper's position, with the total number of shares affected by these transactions amounting to over 889,000 ordinary shares. This change signifies a notable shift in ownership for Cedar Woods Properties Limited.