State Street raises Tabcorp stake, nears regulatory limit

State Street Corporation and its subsidiaries have become a substantial holder in Tabcorp Holdings Limited, increasing their relevant interest to 141,333,381 ordinary shares, representing 6.17% of the issued capital as of October 9, 2025. This follows a previous notice from November 15, 2024, when their holding was 115,835,191 shares, or 5.07%.

The increased stake highlights Tabcorp's existing shareholding restrictions, which limit a single person's voting power in the company to 10% without written consent from the relevant NSW Government minister. Furthermore, legislative changes to the Totalizator Act 1997 (NSW) would be required for any entity to hold more than 10% of the shares.

Tabcorp reserves the right to refuse registration of share transfers that would violate these restrictions or demand divestment of shares exceeding the limits. The latest update, authorised by company secretary Chris Murphy, underscores the ongoing shifts in Tabcorp's ownership structure within a tightly regulated environment.