State Street reduces Polynovo holding, voting power dips to 6.15%

State Street Corporation and its subsidiaries have announced a change in their substantial holding in Polynovo Limited. As of September 19, 2025, their voting power has decreased to 6.15% from a previous 7.16%. This reflects a reduction in voting shares from 49,489,229 to 42,484,869 ordinary shares.

The changes in relevant interests included various transfers out and in of ordinary shares, as well as borrowing and lending activities for stock borrows. Significant 'transfer out' transactions by State Street Global Advisors, Australia, Limited, included -1,624,283 and -1,571,683 ordinary shares, both at a consideration of 1.57. Conversely, 'transfer in' transactions, such as 859,941 ordinary shares at 1.57, also occurred.

State Street Bank and Trust Company also engaged in extensive collateral received and stock borrow activities, with figures such as -791,596 and -922,318 ordinary shares for collateral received, and both decreases and increases in stock borrows, including -223,716 and 223,716 ordinary shares, respectively. These movements indicate a strategic adjustment in the investment firm's position within Polynovo.