Morgan Stanley Cuts Voting Power in Pilbara Minerals to 7.29% from 8.36%

Aakashdeep

12 November 2026 10:15 AM AEDT

Morgan Stanley Cuts Voting Power in Pilbara Minerals to 7.29% from 8.36%

Image Source: Krish Capital Pty Ltd

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Pilbara Minerals (ASX:PLS) has received a notice disclosing that Morgan Stanley and its subsidiaries reduced their voting power in the company from 8.36% to 7.29% in ordinary shares, based on a change in relevant interests recorded on November 6, 2026, according to a substantial holder notice filed with the company.

Key Points

Morgan Stanley's ordinary share voting power in Pilbara Minerals fell from 8.36% (269,559,205 shares) to 7.29% (235,029,964 shares), based on 3,225,946,768 ordinary shares outstanding.
The change in relevant interests was recorded on November 6, 2026, with Morgan Stanley becoming aware on November 10, 2026.
The previous substantial holder notice was given to the company on October 29, 2026 and dated October 26, 2026.
Morgan Stanley's options holding remained unchanged at 1,000,000 options, representing 0.03% voting power in both the previous and present notices.

Change of Interests Recorded on 6 November 2026

According to the Form 604 substantial holder notice lodged with Pilbara Minerals, Morgan Stanley and its subsidiaries recorded a change in relevant interests on November 6, 2026. The holder became aware of the change on November 10, 2026. The filing identifies the change against a total of 3,225,946,768 ordinary shares outstanding. The options position of 1,000,000, equating to 0.03% voting power, remained the same in both the previous and present notices, with no change disclosed for that class of securities.

Ordinary Share Position Moves from 269,559,205 to 235,029,964

Morgan Stanley's relevant interest in ordinary shares in Pilbara Minerals moved from 269,559,205 shares at 8.36% voting power, as disclosed in the previous notice, to 235,029,964 shares at 7.29% voting power in the present notice. The filing records a series of transactions across multiple Morgan Stanley entities, including Morgan Stanley Australia Securities Limited, Morgan Stanley Investment Management Inc., and Morgan Stanley & Co. International plc, with transaction dates across the reporting period spanning from October 27, 2026 through to November 6, 2026.

Multiple Subsidiaries Involved in Transactions

The changes in relevant interests detailed in the filing include numerous individual buy and sell transactions executed by Morgan Stanley Australia Securities Limited, Morgan Stanley Investment Management Inc., and Morgan Stanley & Co. International plc. The transactions cover ordinary shares across multiple trade dates within the reporting period. The nature of changes recorded includes both buy transactions, with individual parcels ranging from 57 ordinary shares to 110,000 ordinary shares, as well as other changes in the nature of relevant interests as detailed in the annexures to the filing.

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