Magellan Financial Group boosts stake in Aspen Group Limited

Magellan Financial Group Ltd has become a substantial holder in Aspen Group Limited, increasing its voting power from 5.09% to 6.12%. This change reflects an acquisition of an additional 2,393,818 fully paid ordinary/units stapled securities, bringing its total holdings to 13,935,185 votes. The change in interests occurred on October 14, 2025.

The total consideration for these acquisitions amounted to AUD10,079,482.54. The purchases were executed through three separate transactions: AUD9,018,647.33 for 2,155,705 securities on August 21, 2025; AUD678,600.13 for 154,928 securities on September 9, 2025; and AUD382,235.08 for 83,185 securities on October 14, 2025.

Magellan's present relevant interests are held across two registered holders: Citibank HK, with 1,024,585 fully paid ordinary/units stapled securities, and Northern Trust, holding 12,910,600 fully paid ordinary/units stapled securities. Magellan Asset Management Limited (MAM) holds a relevant interest in the securities through its role as responsible entity and investment manager for various funds and mandates.