State street trims Genesis Minerals stake, new shares issued

State Street Corporation and its subsidiaries have reported a change in their substantial holding in Genesis Minerals Limited, with their voting power decreasing from 8.48% to 6.91%. This adjustment follows a series of transactions, including both acquisitions and disposals of ordinary shares, through various collateral, stock lending, and transfer activities between October 2024 and November 2025.

Concurrently, Genesis Minerals Limited has applied for the quotation of an additional 445,558 fully paid ordinary shares, issued on November 27, 2025. These new securities resulted from the cashless exercise of 690,000 options, exercisable at A$2.24 per option, under an employee incentive scheme. Morgan Ball, a key management personnel (KMP), exercised 348,698 of these options through Machaza Pty Ltd.

Following the quotation, the total number of quoted ordinary shares for Genesis Minerals Limited will increase to 1,142,328,193. The new shares will rank equally with existing issued securities. Additionally, unquoted retention rights and share rights remain on issue.