Citigroup Discloses 5.75% Substantial Shareholding in NEXTDC Ltd as of 6 November 2026

Aakashdeep

10 November 2026 05:25 PM AEDT

Citigroup Discloses 5.75% Substantial Shareholding in NEXTDC Ltd as of 6 November 2026

Image Source: Krish Capital Pty Ltd

You are reading a free article with opinions that may differ from the recommendation given by Kalkine in its paid research reports. Become a Kalkine member today to get access to our research reports, in-depth technical and fundamental research. Learn more

Start Your Free Trial Now!

NEXTDC Ltd (ASX:NXT) has received a notice of initial substantial shareholding from Citigroup Global Markets Australia Pty Limited and related Citigroup group entities, disclosing a combined relevant interest of 43,738,188 ordinary fully paid shares, representing 5.7504% voting power, with the threshold crossed on 6 November 2026.

Key Points

Citigroup became a substantial holder in NEXTDC on 6 November 2026, holding a relevant interest in 43,738,188 ordinary fully paid shares.
The combined voting power of the Citigroup group entities amounts to 5.7504% of NEXTDC's ordinary fully paid shares.
Six separate Citigroup entities hold relevant interests, including Citibank N.A. Sydney Branch, Citigroup Global Markets Australia Pty Limited, Citigroup Global Markets Europe AG, Citigroup Global Markets Inc, and Citigroup Global Markets Limited.
The relevant interests arise primarily through securities lending agreements, including AMSLA, GMSLA, and MSLA arrangements, with registered holdings largely under Citicorp Nominees Pty Limited.

Substantial Holder Threshold Crossed on 6 November 2026

According to the Form 603 filing dated 10 November 2026, Citigroup Global Markets Australia Pty Limited, along with related bodies corporate within the Citigroup group of companies worldwide, became a substantial holder in NEXTDC Ltd on 6 November 2026. The total number of votes attached to all voting shares in which the substantial holder or an associate held a relevant interest on that date was 43,738,188, representing a voting power of 5.7504%. The filing was signed by Ji Hyun Kim on behalf of Citigroup Global Markets Australia Pty Limited.

Breakdown of Relevant Interests Across Citigroup Entities

The filing details the relevant interests held across six Citigroup entities. Citibank N.A. Sydney Branch holds relevant interests in 18,908,902 shares as Agent Lender and in a further 3,220,864 shares as holder of collateral securities under a tripartite securities lending arrangement. Citigroup Global Markets Australia Pty Limited holds a relevant interest in 3,202,936 shares, Citigroup Global Markets Europe AG in 254,707 shares, Citigroup Global Markets Inc in 3,518,576 shares, and Citigroup Global Markets Limited in 14,632,203 shares. The interests held by the latter four entities arise through securities lending agreements and contracts entered into in the ordinary course of business on a stock exchange.

Registered Holdings and Securities Lending Agreement Terms

The securities are registered primarily under Citicorp Nominees Pty Limited, with the exception of the 18,908,902 shares linked to Citibank N.A. Sydney Branch, which are held by various registered holders. The relevant interests arise under standard AMSLA, GMSLA, and MSLA securities lending agreements. Under these arrangements, the borrower holds voting rights, there are no restrictions on voting rights disclosed, and both the borrower and lender retain the right to return or recall securities early under standard agreement terms. The scheduled return date for the loaned securities is listed as unknown.

Download Free Report – Explore 3 Stock Ideas & Industry Insights

Unlock 3 stock ideas and key industry insights in our free report. This information is general in nature and does not consider your personal objectives, financial situation, or needs. It is not financial advice.

All investments involve risk—consider independent advice before making any investment decisions.

View 3 Research Reports

Disclaimer:

This article (“Article”) has been prepared by Kalkine Pty Limited (ABN 34 154 808 312) (Australian financial services licence number 425376) (“Kalkine”) and its related bodies corporate who are authorised to provide general financial product advice. Kalkine.com.au and its associated pages are published by Kalkine.

Any information/advice provided in this article is general in nature and does not take into account your objectives, financial situation or needs. You should therefore consider whether the information is appropriate for your objectives, financial situation and needs before acting upon it.

There may be a Product Disclosure Statement, Information Memorandum or other offer document (“Offer Document”) for the securities or other financial products referred to in Kalkine articles. You should obtain a copy of the Offer Document and consider it before making any decision about whether to acquire the security or financial product.

Kalkine strongly recommends that you seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) before acting on any advice/information in this Article or on the Kalkine website. Not all investments are appropriate for all people.

The information in this Article and on Kalkine website has been prepared from a wide variety of sources, which Kalkine, to the best of its knowledge and belief, considers accurate. Kalkine has made every effort to ensure the reliability of the information contained in its articles (including this Article), newsletters and websites. All information represents our views at the date of publication and may change without notice.

The information in this Article does not constitute an offer to sell securities or other financial products or a solicitation of an offer to buy securities or other financial products.

Kalkine does not issue, sell or deal in any financial products.

This Article may contain information on past performance of particular investments. Please note past performance is neither an indicator nor a guarantee of future performance.

To the extent permitted by law, and excluding any dishonesty or gross negligence by Kalkine, Kalkine disclaims and excludes all liability for any direct, indirect, implied, punitive, special, incidental or other consequential loss or damage arising from the use of or reliance on this Article, the Kalkine website and any information published on the Kalkine website without any warranties or representations by Kalkine to you. To the extent the law prohibits or limits this exclusion, Kalkine limits its liability to the resupply of services.

Please also read our Terms & Conditions and Financial Services Guide for further information.

Employees and/or associates of Kalkine and its related entities may hold interests in the securities or other financial products covered in this Article or on the Kalkine website. Any such employees and associates are required to comply with certain safeguards, procedures and disclosures as required by law.

Some of the images/music that may be used in the Article are copyright to their respective owner(s). Kalkine does not claim ownership of any of the pictures displayed/music used in the Article unless stated otherwise. The images/music that may be used in the Article are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.

Kalkine Media Pty Ltd, an affiliate of Kalkine Pty Ltd, may have received, or be entitled to receive, financial consideration in connection with providing information about certain entity(s) covered on its website.