JPMorgan Chase Increases IDP Stake, Becomes Substantial Holder

JPMorgan Chase & Co. and its affiliates became a substantial holder in IDP Education Ltd. on December 18, 2025, according to a recent ASX announcement. The group's total voting power in IDP Education Ltd. now stands at 5.09%, representing 14,156,841 ordinary securities. This accumulation of interest results from various transactions including securities on loan, investment management activities, and proprietary trading.

The relevant interests are held by several JPMorgan entities. JPMorgan Chase Bank, N.A. holds 7,443,690 ordinary securities, primarily from securities on loan as agent lender. J.P. Morgan Securities PLC holds 3,738,032 ordinary securities subject to lending agreements, and an additional 130,174 ordinary securities from principal/proprietary purchases and sales. J.P. Morgan Securities Australia Limited accounts for 2,372,356 ordinary securities from principal/proprietary trading and 274,775 ordinary securities under lending obligations. JPMorgan Asset Management (UK) Limited holds 197,814 ordinary securities through investment management.

The transactions leading to this substantial holding, which occurred over the past four months, primarily involved buy and sell trades and securities lending activities. The total consideration for these acquisitions involved cash payments.