State Street raises stake in Vulcan Energy to over 12%

State Street Corporation and its subsidiaries, including State Street Bank and Trust Company and State Street Global Advisors, Australia, Limited, have notified a change in their substantial holding in Vulcan Energy Resources Limited. The change, effective December 5, 2025, shows an increase in their collective voting power from 9.39% to 12.63%. This represents a total of 29,618,448 ordinary shares, up from the previously reported 22,002,793 shares.

The acquisition of additional voting shares by State Street entities was facilitated through various transactions, including collateral received and stock lending arrangements. The transactions involved multiple State Street entities, with State Street Bank and Trust Company and State Street Global Advisors, Australia, Limited being prominent participants.

The nature of the relevant interest for State Street Bank and Trust Company includes being a holder of securities subject to an obligation to return them under securities lending agreements. State Street Global Advisors Europe Limited controls voting rights as an investment manager or trustee. The changes reflect both direct acquisitions and movements within the securities lending and collateral management operations of State Street's affiliated entities.