AustralianSuper increases stake in Pilbara Minerals

AustralianSuper Pty Ltd has increased its substantial holding in Pilbara Minerals Limited, with its voting power rising from 13.16% to 14.37%. This change reflects an increase in the number of votes held by AustralianSuper from 423,621,499 to 462,623,675 ordinary shares. The change in interests occurred on August 29, 2025.

The increase in voting power resulted from a series of buy transactions executed by JPMorgan Nominees Australia Ltd on behalf of AustralianSuper between August 26, 2025, and August 29, 2025. Notable acquisitions include 17,025,340 ordinary shares bought at AUD 2.27 on August 27, 2025, and 12,453,808 ordinary shares bought at AUD 2.28 on August 28, 2025. Smaller sell transactions also occurred during this period.

The aggregate purchases demonstrate a strategic move by AustralianSuper to deepen its investment in Pilbara Minerals. The reported transactions involved varying considerations per share, ranging from AUD 2.13 to AUD 2.40 for buy orders, and AUD 2.13 to AUD 2.30 for sell orders.