State Street exits as substantial holder in Generation Development Group

State Street Corporation and its associated entities, including State Street Bank and Trust Company and State Street Global Advisors, have ceased to be a substantial holder in Generation Development Group Limited. The change in their holding was formally recorded on November 17, 2025, following a previous notification on November 4, 2025, with the dated notice being October 31, 2025.

The cessation involved various transactions, including collateral received and stock lending activities. For instance, on November 17, 2025, State Street Bank and Trust Company reported receiving 14,439 ordinary shares as collateral and transferring out 2,315,876 ordinary shares. State Street Global Advisors, Australia, Limited, also reported a transfer in of 115,633 ordinary shares at a consideration of 6.34 on the same date.

The nature of these changes primarily involved collateral movements and stock lending, indicating a strategic adjustment in State Street’s investment in Generation Development Group. The aggregate effect of these transactions led to State Street no longer meeting the threshold for a substantial holder.