State Street ceases substantial holder status in Silex Systems

State Street Corporation and its named subsidiaries ceased to be a substantial holder in Silex Systems Limited as of November 20, 2025. This follows a previous notice given on the same date, with the prior notice dated November 18, 2025, indicating an ongoing adjustment in their holding status.

The change reflects various collateral movements and stock lending activities by State Street Bank and Trust Company, including lend-for-stock-lend transactions resulting in significant decreases in affected ordinary securities, such as -188,315 on November 20, 2025. Collateral received and returned transactions also contributed to the change, with fluctuations ranging from -9,399 to 34,014 ordinary shares on November 20, 2025. SSGA Funds Management, Inc. also recorded minor transfers in of 32 and 64 ordinary shares on November 19, 2025.

State Street has clarified its roles as both a borrower and lender in securities lending agreements, maintaining relevant interests subject to return obligations and recall rights. These agreements dictate the terms under which securities are lent and collateralized, influencing State Street's voting rights and its dynamic position within Silex Systems' shareholding structure.