Schroder exits as substantial holder in IGO Ltd after selling over $100m in shares

Schroder Investment Management Australia Ltd and its related bodies corporate have ceased to be a substantial holder in IGO Ltd as of November 20, 2025. This follows a series of transactions, primarily sales, which significantly reduced their voting power in the company. The previous notice to IGO Ltd regarding their substantial holding was given on March 25, 2025.

The reporting period, extending from June 11, 2025, to November 20, 2025, saw numerous changes in Schroder's relevant interests. Key sales included $39,888,954.00 for 7,350,000 ordinary shares on August 12, 2025, $15,520,127.71 for 2,924,372 ordinary shares on August 13, 2025, and a final sale of $42,923,152.72 for 6,186,169 ordinary shares on November 20, 2025. The total consideration from sales during this period exceeded $100 million.

While primarily divesting, Schroder also engaged in several purchases, including $34,688,200.00 for 6,910,000 ordinary shares on August 29, 2025. Despite these acquisitions, the overall activity indicates a strategic reduction in their stake, leading to their exit as a substantial holder. Schroder Investment Management Australia Limited and Schroder Investment Management Limited are the entities involved in these transactions.