BlackRock exits substantial stake in Downer Edi Limited

BlackRock Group, including BlackRock Inc. and its subsidiaries, ceased to be a substantial holder in Downer Edi Limited on November 19, 2025. This follows an initial substantial holder notice filed on November 18, 2025, where BlackRock held 33,579,992 ordinary shares, representing 5.03% of voting power. The divestment involved various on-market sell transactions, with the largest single sale being 1,831,940 ordinary shares by BlackRock Advisors (UK) Limited via collateral transfer on November 19, 2025.

The cessation coincided with ongoing daily buy-back notifications from Downer Edi Limited. On November 18, 2025, Downer bought back 177,571 securities at prices ranging from AUD 7.77000000 to AUD 7.87000000. An additional 176,732 securities were bought back on November 19, 2025, with further buy-backs of 177,802 securities on November 20, 2025, and 208,482 securities on November 21, 2025.

Downer Edi Limited's on-market buy-back program commenced on September 16, 2025, and is scheduled to conclude on June 30, 2026, with a maximum of 33,578,684 securities proposed for buy-back. As of November 21, 2025, 27,784,273 securities remained to be bought back.