{
  "schema_version": "1.0.0",
  "ticker": "PLS",
  "company_name": "PLS Group Limited",
  "cutoff_date": "2026-10-31",
  "reviewed_at": "2026-10-31",
  "coverage_note": "The top-20 registered accounts are as at 10 August 2026; separately dated notices update group voting interests through 28 October. MUFG, First Sentier and Morgan Stanley overlap, and the First Sentier share count is unresolved.",
  "register": {
    "as_of_date": "2026-08-10",
    "issued_shares": 3224789412,
    "source_ids": [
      "annual"
    ],
    "holders": [
      {
        "holder_id": "pls-register-01",
        "name": "HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED [register entry 1]",
        "classification": "nominee_custodian",
        "shares": 930700958,
        "percentage": 28.86,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-08-10",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual"
        ],
        "notes": [
          "Bracketed entry number distinguishes repeated issuer table names and does not identify beneficial owner."
        ]
      },
      {
        "holder_id": "pls-register-02",
        "name": "J P MORGAN NOMINEES AUSTRALIA PTY LIMITED",
        "classification": "nominee_custodian",
        "shares": 769826667,
        "percentage": 23.87,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-08-10",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual"
        ],
        "notes": []
      },
      {
        "holder_id": "pls-register-03",
        "name": "CITICORP NOMINEES PTY LIMITED",
        "classification": "nominee_custodian",
        "shares": 366172251,
        "percentage": 11.35,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-08-10",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual"
        ],
        "notes": []
      },
      {
        "holder_id": "pls-register-04",
        "name": "BNP PARIBAS NOMS PTY LTD",
        "classification": "nominee_custodian",
        "shares": 97064973,
        "percentage": 3.01,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-08-10",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual"
        ],
        "notes": []
      },
      {
        "holder_id": "pls-register-05",
        "name": "POS-LT PTY LTD",
        "classification": "direct_holder",
        "shares": 82065000,
        "percentage": 2.54,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-08-10",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual"
        ],
        "notes": [
          "Issuer also discloses POS-LT’s convertible bonds; bonds and potential future conversion shares are excluded from this ordinary-share row."
        ]
      },
      {
        "holder_id": "pls-register-06",
        "name": "BNP PARIBAS NOMINEES PTY LTD <AGENCY LENDING A/C>",
        "classification": "nominee_custodian",
        "shares": 76998629,
        "percentage": 2.39,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-08-10",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual"
        ],
        "notes": []
      },
      {
        "holder_id": "pls-register-07",
        "name": "BNP PARIBAS NOMINEES PTY LTD <CLEARSTREAM>",
        "classification": "nominee_custodian",
        "shares": 24459144,
        "percentage": 0.76,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-08-10",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual"
        ],
        "notes": []
      },
      {
        "holder_id": "pls-register-08",
        "name": "HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED - A/C 2",
        "classification": "nominee_custodian",
        "shares": 19352090,
        "percentage": 0.6,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-08-10",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual"
        ],
        "notes": []
      },
      {
        "holder_id": "pls-register-09",
        "name": "BUTTONWOOD NOMINEES PTY LTD",
        "classification": "nominee_custodian",
        "shares": 14500000,
        "percentage": 0.45,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-08-10",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual"
        ],
        "notes": []
      },
      {
        "holder_id": "pls-register-10",
        "name": "BNP PARIBAS NOMINEES PTY LTD <HUB24 CUSTODIAL SERV LTD>",
        "classification": "nominee_custodian",
        "shares": 13323311,
        "percentage": 0.41,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-08-10",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual"
        ],
        "notes": []
      },
      {
        "holder_id": "pls-register-11",
        "name": "HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED [register entry 11]",
        "classification": "nominee_custodian",
        "shares": 10871980,
        "percentage": 0.34,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-08-10",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual"
        ],
        "notes": [
          "Bracketed entry number distinguishes repeated issuer table names and does not identify beneficial owner."
        ]
      },
      {
        "holder_id": "pls-register-12",
        "name": "UBS NOMINEES PTY LTD",
        "classification": "nominee_custodian",
        "shares": 7508523,
        "percentage": 0.23,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-08-10",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual"
        ],
        "notes": []
      },
      {
        "holder_id": "pls-register-13",
        "name": "NETWEALTH INVESTMENTS LIMITED <WRAP SERVICES A/C>",
        "classification": "nominee_custodian",
        "shares": 7492105,
        "percentage": 0.23,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-08-10",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual"
        ],
        "notes": []
      },
      {
        "holder_id": "pls-register-14",
        "name": "BNP PARIBAS NOMINEES PTY LTD <IB AU NOMS RETAILCLIENT>",
        "classification": "nominee_custodian",
        "shares": 7404735,
        "percentage": 0.23,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-08-10",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual"
        ],
        "notes": []
      },
      {
        "holder_id": "pls-register-15",
        "name": "MERRILL LYNCH (AUSTRALIA) NOMINEES PTY LIMITED",
        "classification": "nominee_custodian",
        "shares": 6406505,
        "percentage": 0.2,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-08-10",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual"
        ],
        "notes": []
      },
      {
        "holder_id": "pls-register-16",
        "name": "HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED <NT-COMNWLTH SUPER CORP A/C>",
        "classification": "nominee_custodian",
        "shares": 5821194,
        "percentage": 0.18,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-08-10",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual"
        ],
        "notes": []
      },
      {
        "holder_id": "pls-register-17",
        "name": "HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED-GSCO ECA",
        "classification": "nominee_custodian",
        "shares": 5401045,
        "percentage": 0.17,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-08-10",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual"
        ],
        "notes": []
      },
      {
        "holder_id": "pls-register-18",
        "name": "HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED <EUROCLEAR BANK SA NV A/C>",
        "classification": "nominee_custodian",
        "shares": 4975409,
        "percentage": 0.15,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-08-10",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual"
        ],
        "notes": []
      },
      {
        "holder_id": "pls-register-19",
        "name": "AMS DENTAL PTY LTD",
        "classification": "direct_holder",
        "shares": 4247557,
        "percentage": 0.13,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-08-10",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual"
        ],
        "notes": []
      },
      {
        "holder_id": "pls-register-20",
        "name": "BNP PARIBAS NOMS (NZ) LTD",
        "classification": "nominee_custodian",
        "shares": 4199300,
        "percentage": 0.13,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-08-10",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual"
        ],
        "notes": []
      }
    ]
  },
  "substantial_holders": [
    {
      "holder_id": "australiansuper",
      "name": "AustralianSuper Pty Ltd",
      "classification": "reporting_group",
      "shares": 423460149,
      "percentage": 13.13,
      "percentage_basis": "voting_power",
      "as_of_date": "2026-10-20",
      "investor_id": null,
      "identity_note": null,
      "source_ids": [
        "australian"
      ],
      "notes": [
        "22 October notice reports 423,460,149 votes and 13.13% on 20 October."
      ]
    },
    {
      "holder_id": "state-street",
      "name": "State Street Corporation and subsidiaries",
      "classification": "reporting_group",
      "shares": 399176281,
      "percentage": 12.37,
      "percentage_basis": "voting_power",
      "as_of_date": "2026-10-28",
      "investor_id": null,
      "identity_note": null,
      "source_ids": [
        "state"
      ],
      "notes": [
        "30 October notice reports 399,176,281 votes and 12.37% following 28 October change; includes custody and securities lending interests."
      ]
    },
    {
      "holder_id": "mufg",
      "name": "Mitsubishi UFJ Financial Group, Inc.",
      "classification": "reporting_group",
      "shares": 303800657,
      "percentage": 9.42,
      "percentage_basis": "voting_power",
      "as_of_date": "2026-10-26",
      "investor_id": null,
      "identity_note": null,
      "source_ids": [
        "mufg"
      ],
      "notes": [
        "29 October notice separately reports 303,800,657 ordinary shares and options with 1,000,000 votes; the options are excluded from shares. MUFG has interests attributed through First Sentier and Morgan Stanley."
      ],
      "caveat": "The group overlaps First Sentier and Morgan Stanley; do not add these rows."
    },
    {
      "holder_id": "first-sentier",
      "name": "First Sentier Group Limited and associates",
      "classification": "reporting_group",
      "shares": null,
      "percentage": 9.45,
      "percentage_basis": "voting_power",
      "as_of_date": "2026-10-26",
      "investor_id": null,
      "identity_note": null,
      "source_ids": [
        "first",
        "mufg"
      ],
      "notes": [
        "First Sentier’s 28 October form labels 304,800,657 votes as ordinary shares, including 28,969,643 of its own and 275,831,014 attributed to its parent. MUFG’s contemporaneous form reports 303,800,657 ordinary shares and 1,000,000 options votes."
      ],
      "caveat": "The 1,000,000 difference may be option votes; ordinary-share count is withheld until the conflicting disclosures are reconciled."
    },
    {
      "holder_id": "jpmorgan",
      "name": "JPMorgan Chase & Co. and affiliates",
      "classification": "reporting_group",
      "shares": 282511472,
      "percentage": 8.76,
      "percentage_basis": "voting_power",
      "as_of_date": "2026-10-26",
      "investor_id": null,
      "identity_note": null,
      "source_ids": [
        "jpmorgan"
      ],
      "notes": [
        "29 October notice reports 282,511,472 votes and 8.76%; relevant interests include securities lending."
      ]
    },
    {
      "holder_id": "morgan-stanley",
      "name": "Morgan Stanley and subsidiaries",
      "classification": "reporting_group",
      "shares": 269559205,
      "percentage": 8.36,
      "percentage_basis": "voting_power",
      "as_of_date": "2026-10-26",
      "investor_id": null,
      "identity_note": null,
      "source_ids": [
        "morgan"
      ],
      "notes": [
        "29 October notice reports 269,559,205 ordinary-share votes and 1,000,000 option votes; options excluded from shares."
      ],
      "caveat": "This group overlaps MUFG and First Sentier and includes lending and trading interests."
    },
    {
      "holder_id": "blackrock",
      "name": "BlackRock Group",
      "classification": "reporting_group",
      "shares": 210818262,
      "percentage": 6.54,
      "percentage_basis": "voting_power",
      "as_of_date": "2026-05-29",
      "investor_id": null,
      "identity_note": null,
      "source_ids": [
        "blackrock"
      ],
      "notes": [
        "3 June 2026 Form 603 reports 210,818,262 votes and 6.54% on 29 May; visually verified."
      ]
    },
    {
      "holder_id": "vanguard",
      "name": "The Vanguard Group, Inc. and controlled entities",
      "classification": "reporting_group",
      "shares": 201867254,
      "percentage": 6.258,
      "percentage_basis": "voting_power",
      "as_of_date": "2026-10-26",
      "investor_id": null,
      "identity_note": null,
      "source_ids": [
        "vanguard"
      ],
      "notes": [
        "30 October notice reports 201,867,254 votes and 6.258% on 26 October."
      ]
    },
    {
      "holder_id": "citigroup",
      "name": "Citigroup Global Markets Australia and Citigroup group",
      "classification": "reporting_group",
      "shares": 168593719,
      "percentage": 5.2262,
      "percentage_basis": "voting_power",
      "as_of_date": "2026-10-27",
      "investor_id": null,
      "identity_note": null,
      "source_ids": [
        "citigroup"
      ],
      "notes": [
        "29 October notice reports 168,593,719 votes and 5.2262%; relevant interests include lending and related contracts."
      ]
    }
  ],
  "sources": [
    {
      "source_id": "annual",
      "title": "2026 annual report",
      "publisher": "PLS / ASX",
      "url": "https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03124500-6A1339766",
      "publication_date": "2026-08-24",
      "accessed_date": "2026-10-31",
      "locator": "PDF pages 215–218; local downloads/PLS/2026/2026-08-24_2026 Annual Report (incorporating Appendix 4E)_0cfe2c8d0ef757f1.pdf",
      "detail": "20 register accounts and issued share count at 10 August 2026; register visually inspected."
    },
    {
      "source_id": "australian",
      "title": "Form 604: AustralianSuper",
      "publisher": "PLS / ASX",
      "url": "https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03151805-6A1350725",
      "publication_date": "2026-10-22",
      "accessed_date": "2026-10-31",
      "locator": "Page 1; local downloads/PLS/2026/2026-10-22_Change in substantial holding_4880a718817c351c.pdf",
      "detail": "423,460,149 votes and 13.13% on 20 October."
    },
    {
      "source_id": "state",
      "title": "Form 604: State Street",
      "publisher": "PLS / ASX",
      "url": "https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03156656-6A1353096",
      "publication_date": "2026-10-30",
      "accessed_date": "2026-10-31",
      "locator": "Page 1; local downloads/PLS/2026/2026-10-30_Change in substantial holding_4c25355956a0bf2c.pdf",
      "detail": "399,176,281 votes and 12.37% on 28 October."
    },
    {
      "source_id": "mufg",
      "title": "Form 604: MUFG",
      "publisher": "PLS / ASX",
      "url": "https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03155496-6A1352512",
      "publication_date": "2026-10-29",
      "accessed_date": "2026-10-31",
      "locator": "Page 1; local downloads/PLS/2026/2026-10-29_Change in substantial holding from MUFG_acd50d97bc144eff.pdf",
      "detail": "303,800,657 ordinary shares and 1,000,000 option votes on 26 October."
    },
    {
      "source_id": "first",
      "title": "Form 604: First Sentier",
      "publisher": "PLS / ASX",
      "url": "https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03154646-6A1352103",
      "publication_date": "2026-10-28",
      "accessed_date": "2026-10-31",
      "locator": "Page 1; local downloads/PLS/2026/2026-10-28_Change in substantial holding_b1abfc97eaf445b6.pdf",
      "detail": "304,800,657 votes and 9.45% on 26 October; nature of excess over MUFG ordinary shares unresolved."
    },
    {
      "source_id": "jpmorgan",
      "title": "Form 604: JPMorgan",
      "publisher": "PLS / ASX",
      "url": "https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03154755-6A1352177",
      "publication_date": "2026-10-29",
      "accessed_date": "2026-10-31",
      "locator": "Page 1; local downloads/PLS/2026/2026-10-29_Change in substantial holding_383c25696a15beb3.pdf",
      "detail": "282,511,472 votes and 8.76% on 26 October."
    },
    {
      "source_id": "morgan",
      "title": "Form 604: Morgan Stanley",
      "publisher": "PLS / ASX",
      "url": "https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03155381-6A1352445",
      "publication_date": "2026-10-29",
      "accessed_date": "2026-10-31",
      "locator": "Page 1; local downloads/PLS/2026/2026-10-29_Change in substantial holding from MS_e0b18444d4552c31.pdf",
      "detail": "269,559,205 ordinary-share votes and 8.36% on 26 October; options separate."
    },
    {
      "source_id": "blackrock",
      "title": "Form 603: BlackRock",
      "publisher": "PLS / ASX",
      "url": "https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03096545-6A1328062",
      "publication_date": "2026-06-03",
      "accessed_date": "2026-10-31",
      "locator": "Page 1, visually inspected; local downloads/PLS/2026/2026-06-03_Becoming a substantial holder_0ef7bf0f4fca7bc2.pdf",
      "detail": "210,818,262 votes and 6.54% on 29 May."
    },
    {
      "source_id": "vanguard",
      "title": "Form 604: Vanguard",
      "publisher": "PLS / ASX",
      "url": "https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03155572-6A1352605",
      "publication_date": "2026-10-30",
      "accessed_date": "2026-10-31",
      "locator": "Page 1; local downloads/PLS/2026/2026-10-30_Change in substantial holding_aaa5ed3f7301a20d.pdf",
      "detail": "201,867,254 votes and 6.258% on 26 October."
    },
    {
      "source_id": "citigroup",
      "title": "Form 603: Citigroup",
      "publisher": "PLS / ASX",
      "url": "https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03155350-6A1352437",
      "publication_date": "2026-10-29",
      "accessed_date": "2026-10-31",
      "locator": "Page 1; local downloads/PLS/2026/2026-10-29_Becoming a substantial holder_7068b855d41d72a3.pdf",
      "detail": "168,593,719 votes and 5.2262% on 27 October."
    },
    {
      "source_id": "gfl",
      "title": "Form 605: GFL International",
      "publisher": "PLS / ASX",
      "url": "https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03050352-6A1309120",
      "publication_date": "2026-01-29",
      "accessed_date": "2026-10-31",
      "locator": "Page 1; local downloads/PLS/2026/2026-01-29_Ceasing to be a substantial holder_7544c7b4f176bcf7.pdf",
      "detail": "GFL ceased substantial status on 27 January; no zero balance implied."
    }
  ],
  "limitations": [
    "The 20 registered accounts total 2,458,791,376 shares or 76.25% on 10 August 2026; nominee names do not identify ultimate holders.",
    "MUFG, First Sentier and Morgan Stanley disclose overlapping relevant interests; these groups and nominee accounts must not be added. Voting interests can reflect lending, derivatives, or contractual rights rather than economic beneficial ownership.",
    "First Sentier calls 304,800,657 votes ordinary shares on 26 October; MUFG’s contemporaneous notice reports 303,800,657 ordinary-share votes and 1,000,000 option votes. The 1,000,000 discrepancy is unresolved, so First Sentier ordinary-share quantity is withheld.",
    "The 2026 annual report also identifies POS-LT as convertible-bond holder; future conversion shares are unknown and excluded.",
    "GFL International ceased substantial status on 27 January 2026; cessation does not establish zero ownership.",
    "BlackRock’s May 2026 notice is historical and holdings below reporting thresholds may change without notice."
  ]
}