State Street Ceases to Be Substantial Holder in Select Harvests

Highlights:

• State Street Corporation and its subsidiaries ceased to be a substantial holder in Select Harvests on 6 November 2026.

• The filing lists 42 collateral-related share movements on 6 November, netting to a decrease of 434,524 ordinary shares.

• The notice stems from securities lending activity and does not state a sale price or any trading consideration.

Select Harvests Limited (ASX: SHV) has received a Form 605 notice, dated 10 November 2026, advising that State Street Corporation and its named subsidiaries are no longer substantial holders in the company. According to the filing, the group’s substantial holding ended on 6 November 2026. Select Harvests shares last traded at AU$4.280, up AU$0.190 or 4.645%.

Who is covered by the notice

Form 605 is lodged under section 671B of the Corporations Act 2001 when a holder drops below the substantial-holding threshold. The notice names State Street Bank and Trust Company, SSGA Funds Management, Inc. and State Street Global Advisors, Australia, Limited as subsidiaries of State Street Corporation. Alok Maheshwary signed it as authorised signatory on 10 November 2026.

The paperwork also notes that the previous notice reached the company on 9 November 2026 and was dated 5 November 2026.

The share movements in Annexure A

Annexure A sets out 42 line items, all dated 6 November 2026 and all described as collateral received, with consideration shown as not applicable. Most entries are reductions, led by a single decrease of 437,760 ordinary shares. A handful are increases, including 25,700 and 20,219 shares. Added together, the movements point to a net fall of 434,524 shares, with each change mirrored one-for-one in the votes affected.

The filing does not state State Street’s total holding or its percentage of Select Harvests’ issued capital after the change.

How securities lending explains the filing

Annexure B describes two kinds of arrangement. In the first, State Street Bank and Trust Company has lent securities and keeps a relevant interest through its lender position, subject to an obligation to return them. In the second, it takes title-transfer collateral to secure a securities loan.

Neither arrangement has a scheduled return date. Borrowers may hand securities back at any time on notice, and lenders can demand them back on notice. Voting rights sit with the borrower under the lending leg, and with the lender under the collateral leg, though restrictions apply, such as voting only if a borrower defaults and ownership is enforced.

Why it matters

Substantial-holder notices give the market a window into who holds large parcels of a listed company. Because this one arises from lending and collateral mechanics, it should be read as a change in reported relevant interests rather than a statement about the company’s operations or outlook. State Street has said it will provide copies of the underlying agreements if the company or ASIC requests them.

Note: All data presented is based on information available at the time of writing.

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