Tanarra Capital reduces G8 Education stake as Macquarie Group increases holding

Tanarra Capital Australia Pty Ltd and its associated entities have ceased to be a substantial holder in G8 Education Limited as of December 18, 2025. Their voting power decreased from 11.76% to 10.51%, a reduction of 18,550,425 shares primarily through on-market acquisitions and disposals between September 8, 2022, and December 19, 2025. Noteworthy transactions included significant disposals in May, October, November, and December 2024.

Concurrently, Macquarie Group Limited and its controlled entities increased their substantial holding in G8 Education Limited. As of December 17, 2025, Macquarie's voting power rose from 7.79% to 8.83%. This increase resulted from a series of on-market purchases and transfers throughout November and December 2025, with individual share prices ranging from AUD 0.68 to AUD 0.73.

G8 Education Limited also announced an ongoing on-market buy-back program. As of December 19, 2025, the company bought back 141,299 shares on the previous day, contributing to a total of 13,891,294 shares bought back before December 19, 2025. The buy-back, initiated on September 16, 2025, with an end date of September 15, 2026, aims to repurchase a maximum of 38,577,938 shares.