Macquarie Group ceases to be substantial holder in Sandfire Resources

Macquarie Group Limited and its controlled bodies corporate ceased to be a substantial holder in Sandfire Resources Limited on November 17, 2025. This follows previous notices given on November 14, 2025, and November 11, 2025.

Macquarie Bank Limited, a key entity within Macquarie Group, executed numerous stock purchases and sales between November 12 and November 17, 2025, with prices predominantly ranging from AUD 16.04 to AUD 16.68 per share. For example, on November 12, Macquarie Bank made multiple stock purchases, including 1,019 FPO shares at AUD 16.37 and 1,121 FPO shares at AUD 16.37. Significant sales by Macquarie Bank included 282,086 FPO shares at AUD 16.68 on November 13 and 11,437 FPO shares at AUD 16.25 on November 14.

Other Macquarie entities, such as Macquarie Investment Management Australia Limited, Macquarie Investment Management Global Limited, and Macquarie Investment Services Limited, also engaged in on-market purchases and sales, and transfers. Macquarie Investment Management Australia Limited, for instance, purchased 1,878 FPO shares at AUD 16.68 on November 13 and 2,504 FPO shares at AUD 16.25 on November 14.