AustralianSuper reduces stake in PLS Group Ltd

AustralianSuper Pty Ltd has announced a change in its substantial holding in PLS Group Ltd, decreasing its voting power from 17.54% to 16.27%. This reduction represents a change in relevant interests involving 564,721,217 votes previously held, now standing at 523,907,297 votes. The date of the change in interests was December 22, 2025, following a previous notice given on September 12, 2025.

The changes primarily involved a series of 'SELL' transactions of ordinary shares through JPMorgan Nominees Australia Ltd. These transactions occurred over several dates, with significant movements on December 17, 2025, where over 12 million ordinary shares were sold at AUD 4.06, and on December 22, 2025, with a sale of over 9 million ordinary shares at AUD 4.02. This overall divestment activity has led to AustralianSuper's reduced stake in PLS Group Ltd.