Pinnacle becomes substantial holder in Sims Limited

Pinnacle Investment Management Group Limited and its listed subsidiaries became a substantial holder in Sims Limited on December 17, 2025. The group holds a total of 9,685,136 ordinary fully paid securities, representing 5.01% of the voting power in Sims Limited.

The relevant interest is held through Pinnacle Investment Management Group Limited by virtue of Section 608(3) of the Corporations Act, as it holds over 20% voting power in affiliated investment managers. Pinnacle Fund Services Limited also holds a relevant interest through its capacity as a responsible entity or trustee.

The acquisition of these securities involved various cash considerations over recent months, with transactions ranging from AUD 3,695.76 to AUD 7,833,136.37 for individual parcels. Registered holders include Citicorp Nominees Pty Ltd, HSBC, JP Morgan Chase Bank, Northern Trust, and State Street - AUS.