Magellan boosts stake in Premier Investments to 7.21%

Magellan Financial Group announced a change in its substantial holding in Premier Investments Limited. As of December 5, 2025, Magellan's voting power increased to 7.21% from a previous 6.09%. This represents an acquisition of 1,787,470 ordinary fully paid shares, bringing their total holding to 11,533,598 shares.

The increase in Magellan's stake stems from a series of purchases between September 30, 2025, and December 5, 2025. During this period, Magellan acquired shares for a total consideration of A$32,166,985.11, alongside a minor sale of 4,345 shares for A$77,838.50 on October 21, 2025.

Post-transaction, Magellan’s relevant interests are held across various entities, including JP Morgan (7,392,883 shares), Citibank HK (128,434 shares), Northern Trust (1,836,398 shares), and BNP Paribas (2,175,883 shares).