JPMorgan Chase exits substantial holding in Pilbara Minerals

JPMorgan Chase & Co. and its affiliates ceased to be a substantial holder in PLS Group LTD on December 11, 2025. This change followed prior notices on December 8 and December 4, 2025, and involved transactions including securities lending, purchases, sales, and rehypothecation by entities like J.P. Morgan Securities PLC and JPMorgan Chase Bank, N.A. The balance of relevant interests at the end of the period stood at 129,048,798 shares.

Concurrently, Pilbara Minerals Limited announced the quotation of 1,193,817 ordinary fully paid shares on December 10, 2025, arising from the auto exercise and conversion of performance rights. The company also reported the cessation of several tranches of performance rights (PLSAT and PLSAV) due to unfulfilled conditions, totaling 217,893 lapsed rights between October 2 and December 16, 2025.

Additionally, two directors, Sally-Anne Layman and Dale Robert Henderson, reported changes in their security interests. Layman was granted 40,124 share rights on December 12, 2025, in lieu of a portion of her director’s fees. Henderson acquired 264,496 share rights and 1,741,217 performance rights on December 16, 2025, as part of the company's employee award plan and remuneration framework.