Contact Australian Super

I note from the PLS offer papers: "Pilbara Minerals has received binding equity funding commitments from AustralianSuper and RCF VII for a total of A$240 million in support of the future equity raising.These binding equity commitments include AustralianSuper and RCF VII in aggregate agreeing to subscribe for a A$119 million placement and sub-underwrite a A$121 million non-renounceable entitlement offer."

Australiansuper has 2.2m Australians as members, or approx 22% of 9m working Australians, I expect a number of them like me are also among the 13,000 Australian shareholders in AJM who stand to lose everything.

So $120-$240m of our super savings are being used to fund an ambush on a company, (funding overseas note holders) held by thousands of their Australian members just prior to a re-capitalisation of that company, isn't this a tad unethical? Their code of conduct can be downloaded under policies and procedures in the about us section of their website.

AustSuper members could consider writing to either of the following suggesting they look into this and consider if any deal could be structured to take into consideration the interests and impact of Australian AJM shareholders and retirees:
Ian SilkChief Executive
Mark DelaneyDeputy Chief Executive and Chief Investment Officer
Sarah AdamsGroup Executive, Strategy Brand & Reputation
Australian Super: GPO Box 1901 Melbourne VIC 3001
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