Commonwealth Bank of Australia (ASX:CBA) and its related bodies corporate have lodged a notice of initial substantial holder in CAR Group Limited, disclosing a total relevant interest of 19,010,179 fully paid ordinary shares, representing 5.01% voting power, with the substantial holder status effective from 23 September 2026.

Key Points

  • CBA and its related bodies corporate became a substantial holder in CAR Group Limited on 23 September 2026.
  • The grand total relevant interest amounts to 19,010,179 fully paid ordinary shares, representing 5.01% voting power.
  • The relevant interests are held across multiple related bodies corporate including Avanteos Investments Limited, ASB Group Investments Limited, and Colonial First State Investments Limited.
  • A portion of the shares disclosed includes securities borrowed from Merrill Lynch International and UBS AG under separate agreements, as detailed in the filing's annexures.

Voting Power Breakdown in CAR Group Limited

According to the filing, the total voting interest is comprised of two components. The first comprises 882,871 fully paid ordinary shares carrying 882,871 votes and representing 0.23% voting power. The second component, noted under Note 1, comprises 18,127,308 fully paid ordinary shares carrying 18,127,308 votes and representing 4.78% voting power. Combined, these two components produce the grand total of 19,010,179 fully paid ordinary shares and 5.01% voting power disclosed in the Form 603 notice lodged with the company.

Nature of Relevant Interests Across Related Bodies Corporate

The filing sets out the nature of each entity's relevant interest. Commonwealth Bank of Australia holds a relevant interest in 301,375 fully paid ordinary shares, including 301,375 shares borrowed from Merrill Lynch International, through its proprietary capacity. Avanteos Investments Limited holds a relevant interest in 180,985 fully paid ordinary shares in its capacity as a superannuation trustee. ASB Group Investments Limited holds a relevant interest in 151,242 fully paid ordinary shares in its capacity as investment manager. Colonial First State Investments Limited holds relevant interests across 18,127,308 and 430,254 fully paid ordinary shares respectively, in capacities including as responsible entity and custodian of managed investment schemes.

Registered Holders of the Disclosed Securities

The filing identifies the registered holders of the securities in which relevant interests are held. Shares attributed to Avanteos Investments Limited are registered with Citicorp Nominees Pty Limited. Shares attributed to ASB Group Investments Limited are registered with BNP Paribas Securities. Shares attributed to Commonwealth Bank of Australia are registered with The Bank of New York Mellon, Sydney Branch. A portion of shares attributed to Colonial First State Investments Limited are registered with Citibank N.A. Hong Kong. Colonial First State Investments Limited's holdings include shares borrowed from UBS AG under two separate agreements, as referenced in the filing's Annexure C.