State Street Corporation Reduces Substantial Holding in NextDC to 12.86% on 10 November 2026

Mukul

12 November 2026 07:43 PM AEDT

State Street Corporation Reduces Substantial Holding in NextDC to 12.86% on 10 November 2026

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NextDC Limited (ASX:NXT) has received a notice of change of interests of substantial holder from State Street Corporation and its subsidiaries, disclosing that their voting power in NextDC decreased from 14.02% to 12.86%, with the change occurring on 10 November 2026.

Key Points

State Street Corporation and its subsidiaries filed a notice of change of substantial holding in NextDC Limited on 12 November 2026.
Voting power in NextDC fell from 14.02% (previous notice, dated 6 November 2026) to 12.86% as of 10 November 2026.
The previous notice was given to the company on 10 November 2026 and was dated 6 November 2026.
Previous total votes stood at 97,810,409 ordinary shares; the present notice records 106,603,243 ordinary shares held across all relevant interests.
Relevant interests are held through State Street Global Advisors Europe Limited and State Street Bank and Trust Company across a range of lent, borrowed, collateral, and managed securities.

Voting Power Change Recorded on 10 November 2026

According to the filing lodged on 12 November 2026, State Street Corporation and its named subsidiaries reported a change in their substantial holding in NextDC Limited. The previous notice, dated 6 November 2026, recorded voting power of 14.02%, representing 97,810,409 ordinary shares. The present notice records voting power of 12.86%, representing 106,603,243 ordinary shares in NextDC. The change in the substantial holder's interests occurred on 10 November 2026, as disclosed under Section 671B of the Corporations Act 2001.

Relevant Interests Held by State Street Subsidiaries

The filing details relevant interests held through two principal entities: State Street Global Advisors Europe Limited and State Street Bank and Trust Company. State Street Global Advisors Europe Limited holds relevant interests in ordinary shares through its power to control the exercise of voting rights and disposal of securities as investment manager or trustee. State Street Bank and Trust Company holds relevant interests across multiple parcels of ordinary shares, including as the holder of securities subject to securities lending agreements, as a lender with the right to dispose of collateral shares, and as a borrower who has on-lent securities under securities lending arrangements.

Securities Lending and Collateral Arrangements Disclosed

The filing discloses that a substantial portion of the ordinary shares attributed to State Street Bank and Trust Company arises from securities lending and collateral arrangements. Under Section 608(8A) of the Corporations Act 2001, State Street Bank and Trust Company retains a relevant interest in lent securities as the holder subject to an obligation to return those securities under a securities lending agreement. Collateral securities are also disclosed, with State Street Bank and Trust Company holding a relevant interest as lender with the right to dispose of shares transferred to secure a securities loan. Registered holders of the underlying securities include entities such as Citibank NA, Northern Trust Company, Bank of New York Mellon, and JPMorgan AG.

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