State Street becomes substantial holder in Smartgroup

State Street Corporation and its named subsidiaries became a substantial holder in Smartgroup Corporation Ltd (ACN 126 266 831) on October 23, 2025. The collective voting power of State Street's holdings stands at 5.12%, representing 6,945,666 ordinary shares in the company.

The relevant interests are held across various State Street entities, including State Street Global Advisors Europe Limited, State Street Bank and Trust Company, SSGA Funds Management, Inc., State Street Global Advisors Limited, and State Street Global Advisors, Australia, Limited. These entities manage investment and/or act as trustees, controlling the exercise of voting rights and the disposal of securities. State Street Bank and Trust Company also holds relevant interests through securities lending agreements as a lender, involving the right to dispose of shares transferred as security for loans and holding securities subject to an obligation to return them.

The acquisitions involve both cash and non-cash considerations, with numerous transactions occurring between June and October 2025. State Street Bank and Trust Company frequently adjusted its holdings through various acquisitions and disposals of ordinary shares. State Street Global Advisors, Australia, Limited reported specific cash consideration values such as 7.27, 7.25, 7.34, 7.33, 7.37, 7.40, 7.46, 7.75, 7.72, 7.88, 7.92, 7.87, 8.08, 8.13, 8.01, 8.02, 8.03, 8.04, 7.79, 7.98, 9.05, 9.09, 8.17, 8.24, 8.21, 8.10, 8.15, 8.23, 8.16, 8.06, and 7.69 AUD per share on different dates.