PLS 6.43% $2.98 pilbara minerals limited

Ann: Becoming a substantial holder, page-22

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    Read into this Form 603 what you will.

    Prior to this notice Vanguard held a 4.93% interest as at 15 December 2023 (148,434,309 shares). This shareholding in Pilbara represented 0.01% of their portfolio at that time. This latest notice purportedly increases their holding to 5.02% (150,480,333 shares). Analysis of Annexure A reveals 7,652,426 shares sold at an average price of $3.91, and 3,630,281 bought at an average price of $3.78, during the period since last notice lodged. Can someone please explain how these latest transactions result in an increase in Vanguard's holding?

    Vanguard as the fifth largest shareholder, with only 2 previous notices in last 12 months, has been a insignificant player in insider transactions:

    https://hotcopper.com.au/data/attachments/6092/6092716-c139f714dee3e6cc9fa87ba96264cbac.jpg
 
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