Citigroup, State Street reduce stakes in IDP Education

Citigroup Global Markets Australia Pty Limited and its related entities announced they ceased to be substantial holders in IDP Education Ltd on November 5, 2025. This change reflects a decrease in their relevant interest, affecting 497,102 ordinary fully paid shares held by Citibank, N.A. Sydney Branch, 29,439 ordinary fully paid shares by Citigroup Global Markets Australia Pty Limited, and 2,992,492 ordinary fully paid shares by Citigroup Global Markets Limited. These changes primarily stem from a decreased relevant interest in shares held under securities lending agreements and contracts entered in the ordinary course of business on a stock exchange.

This shift in ownership structure is further detailed by State Street Corporation and its subsidiaries, which reported a change in their substantial holding in IDP Education Limited. On November 5, 2025, State Street's voting power decreased from 11.96% (33,293,543 votes) to 10.21% (28,409,587 votes). This reduction is attributed to various changes in relevant interests, including lending for stock, stock borrows, and collateral received or transferred, reflecting ongoing adjustments in their investment and lending portfolios.