Macquarie Secures New ASIC Exemption and Details 6.57% Internal Stake in Its Shares

Macquarie Group Limited ( (AU:MQG) ) has provided an update.

Macquarie Group Limited has disclosed that it has obtained new relief from section 259C of the Corporations Act 2001 via ASIC Instrument 26-0353, replacing a prior relief instrument and formalising how the group can hold and manage its own shares. The notice details that Macquarie and its controlled entities can control voting or disposal over 6.57% of Macquarie’s voting shares, largely tied to employee share plans, with a small additional proportion linked to derivatives used to hedge employee incentive obligations.

The group reported that, aside from these hedging arrangements, it has no net economic exposure to its own voting shares, underscoring a focus on compliance while supporting staff equity schemes. The disclosure outlines how various Macquarie entities, including its bank and investment management arms in Australia and Europe, exercise voting and disposal powers in trustee, responsible entity and investment manager capacities, providing transparency for investors on internal holdings and governance over Macquarie shares.

The most recent analyst rating on (AU:MQG) stock is a Buy with a A$247.40 price target. To see the full list of analyst forecasts on Macquarie Group Limited stock, see the AU:MQG Stock Forecast page.

More about Macquarie Group Limited

Macquarie Group Limited is a diversified global financial services group headquartered in Sydney, Australia. It operates across banking, asset management, investment and advisory services, and is a major provider of employee share and incentive plan structures, with significant activities conducted through Macquarie Bank and various investment management subsidiaries worldwide.

Average Trading Volume: 889,158

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$87.06B

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