Magellan financial group increases stake in Premier investments

Magellan Financial Group Ltd has become a more prominent substantial holder in Premier Investments Limited, increasing its voting power from 5.07% to 6.09%. This change reflects an acquisition of 1,629,658 additional ordinary fully paid shares, bringing total holdings to 9,750,473 shares.

The increase in Magellan's interest is primarily attributed to numerous 'buy' transactions and 'in-specie transfers' conducted between June 20, 2025, and September 29, 2025. These acquisitions amounted to a total consideration of AUD 35,751,935.26 for 1,777,556 shares. During the same period, Magellan also reported several 'sell' transactions totaling AUD 3,113,719.85 for 147,898 shares.

As of the latest filing, Magellan's relevant interests are held across various registered holders including JP Morgan (6,034,475 shares), BNP Paribas (1,769,414 shares), Northern Trust (1,813,805 shares), and Citibank HK (132,779 shares). This consolidated increase in ownership signals a strengthened position for Magellan within Premier Investments Limited.