State Street increases substantial holding in Zip Co

State Street Corporation and its subsidiaries have become a more prominent substantial holder in Zip Co Limited, with their voting power increasing from 6.63% to 7.82%. This change reflects an acquisition of 14,818,800 additional ordinary shares, elevating their total votes from 85,420,325 to 100,239,125. The change in interests occurred on December 4, 2025, with the previous notice given on November 3, 2025.

The change in relevant interests involved various transactions, including transfers in and out, as well as significant lending and collateral activities. State Street Bank and Trust Company, a key subsidiary, engaged in numerous stock lending and collateral arrangements throughout October and November 2025. These activities, alongside transfers by entities such as SSGA Funds Management, Inc. and State Street Global Advisors, Australia, Limited, collectively contributed to the overall increase in the substantial holding.

The nature of the relevant interests includes the power to control voting rights and dispose of securities as an investment manager or trustee. State Street Bank and Trust Company also holds relevant interests as a lender in securities lending agreements and through security interests over collateral. The transactions show a mix of shares lent, collateral received, and stock borrows, indicating active management of their holding in Zip Co Limited.