State Street, Morgan Stanley adjust West African Resources holdings

State Street Corporation and its subsidiaries reported a change in their substantial holding in West African Resources Limited on December 18, 2025. Their voting power increased from 5.73% to 6.92%. This change involved various collateral received and transferred securities, with no monetary consideration specified for most collateral movements, indicating rebalancing within their portfolios.

Meanwhile, Morgan Stanley and its subsidiaries also disclosed a change in their substantial holding, with their voting power decreasing from 7.96% to 6.45% by December 19, 2025. This reduction was due to numerous buy and sell transactions, as well as collateral received and returned, throughout April, May, and December 2025. Key transactions included a buy of 4,009 Ordinary Shares for AUD 11,385.56 and a sell of 8,297 Ordinary Shares for AUD 24,061.30 on April 12, 2025, alongside other significant movements.

Both institutions utilize various agreements, including Securities Lending Authorisation, Global Master Securities Lending, and International Prime Brokerage Agreements, which grant them the right to vote or rehypothecate securities. These changes reflect dynamic adjustments in their investment strategies and risk management related to West African Resources Limited.