Chorus Limited (ASX:CNU) has received a substantial product holder disclosure from The Vanguard Group, Inc., revealing the global asset manager increased its holding in Chorus ordinary shares from 5.474% to 6.475%, with the relevant event dated 29 October 2026 and the disclosure lodged on 3 November 2026.

Key Points

  • The Vanguard Group, Inc. now holds 28,096,016 Chorus ordinary shares, representing 6.475% of the total class of 433,887,294 shares.
  • At the time of the previous disclosure on 24 September 2025, Vanguard held 23,752,155 shares, equating to 5.474% of the class.
  • The relevant event triggering the disclosure is recorded as 29 October 2026, constituting a movement of 1% or more in a substantial holding.
  • The change in holding arose from a series of buy and sell transactions conducted between 23 September 2025 and the relevant event date.

Substantial Holding Threshold Crossed by Vanguard

The Vanguard Group, Inc. filed the disclosure under Sections 277 and 278 of New Zealand's Financial Markets Conduct Act 2013, addressed to both NZX Limited and Chorus Limited. The filing identifies the relevant event as a movement of 1% or more in Vanguard's substantial holding in Chorus ordinary shares. The total number of ordinary shares in the class is recorded as 433,887,294. Vanguard's holding increased from 23,752,155 shares at the last disclosure to 28,096,016 shares at the time of the relevant event, with the percentage rising from 5.474% to 6.475%.

Transaction Details Spanning September 2025 to October 2026

The filing sets out a detailed schedule of individual buy and sell transactions in Chorus ordinary shares conducted by The Vanguard Group, Inc. over the period covered by the disclosure. Buy transactions were recorded at prices ranging from approximately NZD 7.93 to NZD 8.41 per share, while sell transactions were also executed across this period at various prices. Among the notable individual transactions disclosed, a sell of 148,750 shares was recorded on 13 November 2025, and a sell of 35,853 shares and a separate sell of 29,898 shares were each recorded on 19 December 2025.

Previous Disclosure Date and Filing Context

According to the filing, the previous substantial holding disclosure by The Vanguard Group, Inc. in relation to Chorus Limited was made on 24 September 2025. The current disclosure was made on 3 November 2026, with the relevant event date recorded as 29 October 2026. The class of quoted voting products subject to the disclosure is ordinary shares in Chorus Limited. The filing was submitted for personal use only and is authorised for external use, as stated within the document.