First Sentier Group Discloses Substantial Holder Change in Pilbara Minerals on 6 November 2026

Shwetambri Chauhan

10 November 2026 06:52 PM AEDT

First Sentier Group Discloses Substantial Holder Change in Pilbara Minerals on 6 November 2026

Image Source: Krish Capital Pty Ltd

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Pilbara Minerals (ASX:PLS) has received a notice of change of interests of a substantial holder from First Sentier Group Limited ACN 630 725 558 and its related bodies corporate, disclosing that a change in their relevant interest in PLS Group Ltd occurred on 6 November 2026, with voting power moving from 9.45% to 8.41% across fully paid ordinary shares.

Key Points

The change in the substantial holder's interests occurred on 6 November 2026, with the previous notice given to the company on 29 October 2026.
First Sentier Group Limited and its related bodies corporate disclosed a present voting power of 8.41%, down from a previous voting power of 9.45%.
The present notice covers 271,386,907 fully paid ordinary shares, compared to 304,800,657 shares in the previous notice.
The filing notes that 30,051,557 shares carry voting power held by First Sentier Group Limited and its subsidiaries, while 241,335,350 securities carry voting power held by its ultimate parent, Mitsubishi UFJ Financial Group, Inc.

Voting Power and Share Count at Date of Change

According to the filing, First Sentier Group Limited and its related bodies corporate held a present voting power of 8.41% in PLS Group Ltd as at 6 November 2026, covering 271,386,907 fully paid ordinary shares. This compares with a previous voting power of 9.45%, which was associated with 304,800,657 fully paid ordinary shares as disclosed in the prior notice dated 26 October 2026. The filing states that the previous notice was given to the company on 29 October 2026.

Composition of Voting Power Within the Group

The filing contains a note specifying that of the securities disclosed, 30,051,557 shares are those in which First Sentier Group Limited and its subsidiaries have voting power. The remaining 241,335,350 securities are those in which First Sentier Group Limited's ultimate parent, Mitsubishi UFJ Financial Group, Inc., has informed First Sentier Group that it has voting power prior to the date of the notice, on and from 6 November 2026. The relevant interests are held across multiple entities including First Sentier Investors RQI Pty Ltd and First Sentier Investors (Australia) IM Ltd.

Nature of Relevant Interest and Registered Holders

The filing discloses that the relevant interest arises under paragraphs 608(1)(b) and/or 608(1)(c) of the Corporations Act 2001 (Cth), reflecting the power to control the exercise of voting rights and/or the power to dispose of securities in the capacity of investment manager, as provided under investment mandates. Registered holders of the securities include BNP Paribas Securities, JP Morgan Chase Bank NA, Citigroup Global Markets Inc, and State Street Global Advisors (Australia) Limited, among others identified in the filing.

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