Service Stream Limited (ASX:SSM) has received a substantial holder notice disclosing that State Street Corporation and its subsidiaries reduced their combined voting power in the company from 8.33% to 5.63%, following a change in interests recorded on 10 November 2026.

Key Points

  • State Street Corporation and its subsidiaries' voting power in Service Stream fell from 8.33% to 5.63% as at 10 November 2026.
  • The present notice discloses a total of 34,785,729 ordinary shares held across relevant interests, compared to 51,512,048 in the previous notice.
  • The previous substantial holding notice was given to the company on 22 September 2026 and was dated 18 September 2026.
  • Relevant interests are held across multiple State Street entities including State Street Bank and Trust Company, State Street Global Advisors entities, and SSGA Funds Management, Inc.

Change in Voting Power Disclosed on 10 November 2026

According to the filing, the change in the interests of the substantial holder occurred on 10 November 2026. State Street Corporation and its named subsidiaries reported a present voting power of 5.63% in Service Stream Limited, down from 8.33% recorded in the previous notice. The filing was lodged under section 671B of the Corporations Act 2001. The total number of ordinary shares subject to relevant interests in the present notice is disclosed as 34,785,729, compared with 51,512,048 in the previous notice.

Distribution of Relevant Interests Across State Street Entities

The filing sets out present relevant interests held by multiple State Street entities. State Street Bank and Trust Company holds relevant interests over 7,094,832, 25,646, and 25,646 ordinary shares respectively. State Street Global Advisors, Australia, Limited holds interests across five parcels totalling shares in ordinary securities including 32,786,677 and 2,869,809 among others. State Street Global Advisors Trust Company, State Street Global Advisors Europe Limited, State Street Global Advisors Limited, and SSGA Funds Management, Inc. each hold additional parcels of ordinary shares as disclosed in the filing.

Nature of Relevant Interests Held by State Street

The filing describes the nature of relevant interests held by the State Street entities. Several holdings arise from the power to control the exercise of a right to vote attached to securities and the power to dispose of securities as investment manager or trustee. Additionally, certain holdings involve securities subject to a securities lending agreement under section 608(8A) of the Corporations Act 2001, where State Street Bank and Trust Company has lent securities and retains a relevant interest, as well as an interest under section 608(1) where securities have been on-lent. Registered holders of securities include Citibank NA, Northern Trust Company, and Bank of New York Mellon.