Citigroup reduces stake in IDP Education

Citigroup Global Markets Australia Pty Limited and its related entities have disclosed a change in their substantial holding in IDP Education Ltd, reducing their voting power from 7.0114% to 5.3731%. This represents a decrease in their total votes from 19,515,181 to 14,955,419 ordinary fully paid shares. The change was reported in a notice dated December 9, 2025.

The reduction stems from multiple transactions, including Citibank, N.A. Sydney branch decreasing its relevant interest by 1,656 ordinary fully paid shares and Citigroup Global Markets Australia Pty Limited by 46,701 ordinary fully paid shares, both acting as agent lender or through stock market contracts. Additionally, Citigroup Global Markets Limited reported a substantial decrease of 5,801,668 ordinary fully paid shares through similar contracts.

Despite these reductions, Citigroup entities still maintain significant interests. Citibank, N.A. Sydney branch holds 4,704,132 ordinary fully paid shares as an agent lender, while Citigroup Global Markets Australia Pty Limited retains 5,870,493 ordinary fully paid shares and Citigroup Global Markets Limited holds 3,090,531 ordinary fully paid shares, both through stock market contracts and securities lending agreements. Citigroup Global Markets Inc also holds 1,290,263 ordinary fully paid shares under securities lending agreements.