Pinnacle becomes substantial holder in Netwealth group

Pinnacle Investment Management Group Limited, along with its listed subsidiaries, became a substantial holder in Netwealth Group Ltd on November 14, 2025. This move gives Pinnacle a relevant interest in 12,354,042 ordinary fully paid securities, representing 5.03% of Netwealth's voting power.

The acquisition involved various transactions over several months. On November 14, 2025, Pinnacle acquired 740,000 securities for $21,146,066.55. Other notable acquisitions include 260,000 securities for $9,203,137.61 on August 26, 2025, and 325,410 securities for $9,868,325.64 on October 7, 2025.

The relevant interest is held through Pinnacle Investment Management Group Limited and Pinnacle Fund Services Limited, with various registered holders including BNP Paribas, Citicorp Nominees Pty Ltd, HSBC, JP Morgan Chase Bank, National Nominees Ltd, Northern Trust, RBC Investor Services Trust, and State Street - AUS. Pinnacle's associated entities include a range of affiliated investment managers where Pinnacle holds over 20% voting power.