State Street reduces substantial holding in Pilbara Minerals

State Street Corporation and its subsidiaries have altered their substantial holding in Pilbara Minerals Limited, with a change recorded on December 9, 2025. The previous notice was given on December 3, 2025, and dated December 1, 2025. Their voting power has decreased from 8.60% (276,938,694 votes) to 7.40% (238,147,787 votes).

The changes primarily involved various "Lend - for stock lend" and "Collateral received" transactions by State Street Bank and Trust Company, as detailed in Annexure A. Significant movements include lending of over 7.8 million shares and collateral receipts, alongside other transfers in and out by State Street Global Advisors entities.

Key dates of these changes include December 2, 2025, December 3, 2025, December 4, 2025, December 5, 2025, December 8, 2025, and December 9, 2025, encompassing a broad range of collateral movements and stock lending activities that collectively led to the reduction in the substantial holding.