{
  "schema_version": "1.0.0",
  "ticker": "DVP",
  "company_name": "Develop Global Limited",
  "cutoff_date": "2026-10-31",
  "reviewed_at": "2026-10-31",
  "coverage_note": "Partial substantial-holder snapshot: State Street disclosed a relevant interest at 21 October 2026. The issuer’s September top-20 table contains internal discrepancies and is withheld pending correction.",
  "register": null,
  "substantial_holders": [
    {
      "holder_id": "state-street",
      "name": "State Street Corporation and subsidiaries",
      "classification": "reporting_group",
      "shares": 16728265,
      "percentage": 5.07,
      "percentage_basis": "voting_power",
      "as_of_date": "2026-10-21",
      "investor_id": null,
      "identity_note": null,
      "source_ids": [
        "state-street-20261023"
      ],
      "notes": [
        "Relevant interests include investment management, trustee and securities-lending or collateral arrangements; this is not a claim of direct beneficial ownership."
      ]
    }
  ],
  "sources": [
    {
      "source_id": "state-street-20261023",
      "title": "Becoming a substantial holder",
      "publisher": "State Street Corporation via ASX",
      "url": "https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03152615-6A1351104",
      "publication_date": "2026-10-23",
      "accessed_date": "2026-10-31",
      "locator": "downloads/DVP/2026/2026-10-23_Becoming a substantial holder_3429b4371445a34d.pdf, page 1",
      "detail": "State Street Corporation and subsidiaries report 16,728,265 shares and 5.07% voting power at 21 October 2026."
    },
    {
      "source_id": "annual-2026",
      "title": "Annual report 2026",
      "publisher": "Develop Global Limited via ASX",
      "url": "https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03140972-6A1346145",
      "publication_date": "2026-09-29",
      "accessed_date": "2026-10-31",
      "locator": "downloads/DVP/2026/2026-09-29_Annual Report to shareholders_6e8a1e8777bdfc41.pdf, PDF pages 100–101",
      "detail": "Top-20 table at 7 September 2026 and older substantial holders; source counts and percentages conflict in several rows."
    }
  ],
  "limitations": [
    "The 2026 annual report top-20 table is internally inconsistent: for example, 35,789,033 shares are shown as 7.06%, although the table reports 329,919,225 shares outstanding. Multiple later rows also conflict with their percentages. The table is withheld pending an accurate source; values were not silently corrected.",
    "Substantial-holder coverage is partial. The annual report identifies other substantial holders based on older notices, but this snapshot has not independently reconciled their latest notices and subsequent changes.",
    "Fund manager and securities-lending relevant interests may overlap with registered nominee accounts; positions should not be added."
  ]
}