First Sentier group becomes substantial shareholder in IDP Education

First Sentier Group Limited, alongside its related bodies corporate and associates, has become a substantial holder in IDP Education Ltd (ASX:IEL). This new holding, effective September 19, 2025, represents a total voting power of 5.67%, comprising 15,772,216 fully paid ordinary shares. First Sentier Investors RQI Pty Ltd and First Sentier Investors (Australia) IM Ltd collectively hold 10,135,740 shares, while Mitsubishi UFJ Financial Group, Inc. (MUFG), the ultimate parent of First Sentier Group, holds a relevant interest in an additional 5,636,476 shares.

The acquisitions leading to this substantial holding involved various cash considerations for fully paid ordinary shares between May 27, 2025, and June 3, 2025, totaling approximately AUD 9.5m. Notably, First Sentier Investors (Australia) IM Ltd made several purchases, including 25,168 shares for AUD 202,854.08 and 44,054 shares for AUD 355,075.24 on May 27, 2025, and 397,879 shares for AUD 1,643,309.90 on June 3, 2025. First Sentier Investors RQI Pty Ltd also acquired shares through borrowing agreements.

State Street Corporation and its subsidiaries also reported changes in their substantial holding in IDP Education Ltd, with their voting power decreasing from 13.56% (37,737,871 shares) to 11.96% (33,293,543 shares) as of September 22, 2025. This change primarily resulted from various lend and borrow transactions involving fully paid ordinary shares.