AustralianSuper pares stake in Orica Limited

AustralianSuper Pty Ltd has decreased its substantial holding in Orica Limited, with a change in interests reported on October 13, 2025. The superannuation fund's voting power in Orica Limited has fallen from 8.36% (representing 39,167,780 votes) to 7.07% (representing 33,065,295 votes). This adjustment follows previous notices given on October 6 and October 2, 2025.

The primary driver of this change was a sell-off of 5,079,555 ordinary shares on October 13, 2025, at a consideration of AUD21.30 per share. This transaction reduced AustralianSuper's votes affected by the same amount. Over the period from October 2 to October 13, 2025, AustralianSuper, through JPMorgan Nominees Australia Ltd, engaged in various buy and sell transactions, predominantly selling Orica shares.

Key sell transactions include 121,764 shares on October 3, 2025, at AUD21.51, 198,505 shares on October 8, 2025, at AUD21.26, and 242,998 shares on October 9, 2025, at AUD21.38. Minor buy transactions were also noted, such as 200 shares on October 2, 2025, at AUD21.42. The total present relevant interest held by AustralianSuper Pty Ltd in Orica Limited is 33,065,295 ordinary shares.