SPH Notice - Pinnacle Investment Management Group Limited

Form 605
Corporations Act 2001
Section 671B
Notice of ceasing to be a substantial holder


To Company Name/Scheme
MICHAEL HILL INTERNATIONAL LTD
ACN/ARSN
610 937 598


1. Details of substantial holder (1)
Name
Pinnacle Investment Management Group Limited (and its subsidiaries
listed in Annexure A)
ACN/ARSN (if applicable)
100 325 184


The holder ceased to be a substantial holder on 24/06/2025
The previous notice was given to the company on 01/07/2024
The previous notice was dated 26/06/2024

2. Changes in relevant interests
Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) in voting
securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or
scheme are as follows:
Date of
change
Person whose
relevant interest
changed
Nature of change (4) Consideration given in
relation to change (5)
Class (6) and
number of
securities affected
Person's votes
affected
REFER TO
ANNEXURE
A PART 1
AND PART
2



3. Changes in association
The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) with, the
substantial holder in relation to voting interests in the company or scheme are as follows:
Name and ACN/ARSN (if applicable) Nature of association
REFER TO ANNEXURE B - NO
CHANGES



4. Addresses
The addresses of persons named in this form are as follows:
Name Address
REFER TO ANNEXURE C



Signature


print name
CALVIN KWOK
capacity
COMPANY SECRETARY

sign here

date
27/06/2025

DIRECTIONS
(1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the
manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of
persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each
group, with the names and addresses of members is clearly set out in paragraph 4 of the form.
(2) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
(3) See the definition of "associate" in section 9 of the Corporations Act 2001.
(4) Include details of:
(a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4)
applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and
accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying
this contract, scheme or arrangement; and
(b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or
disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification
applies).
See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.
(5) Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was
acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional
on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its
associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.
(6) The voting shares of a company constitute one class unless divided into separate classes.
(7) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

MICHAEL HILL INTERNATIONAL LTD
Annexure A - Part 1
Legend
PIML
Pinnacle Investment Management Group Limited
Pinnacle Investment Management Limited
Ariano Pty Limited (ACN 605 250 799)
Next Financial Limited (ACN 081 722 894)
Next Financial Nominees Pty Ltd (ACN 093 252 576)
Next Financial Nominees No. 2 Pty Ltd (ACN 132 819 115)
Investment Solutions Client Services Pty Ltd (ACN 117 898 334)
Priority Funds Management Pty Ltd (ACN 120 826 575)
Priority Investment Management Pty Ltd (ACN 116 943 456
PNI Option Plan Managers Pty Ltd (ACN 125 030 766)
Pinnacle RE Services Limited (ACN 130 508 379)
Pinnacle Services Administration Pty Ltd (ACN 126 175 148)
Pinnacle Investment Management (UK) Limited (Company Number
11026111)
POSH Nominees Pty Limited (ACN 620 094 251)
Pingroup IM Limited (US) (EIN 85-0920129)
PFSL
Pinnacle Fund Services Limited (ACN 082 494 362)
PNI Acquisition
Acquisition of securities by one or more affiliated investment
managers which it or its associates holds directly or indirectly
above 20% voting power in (see Annexure A – Part 2) and/or
Pinnacle Fund Services Limited, who each in turn hold relevant
interests in the securities the subject of this notice.
PNI Disposal
Disposal of securities by one or more affiliated investment
managers which it or its associates holds directly or indirectly
above 20% voting power in (see Annexure A – Part 2) and/or
Pinnacle Fund Services Limited, who each in turn hold relevant
interests in the securities the subject of this notice.
PFSL Acquisition
Acquisition of securities in its capacity as responsible entity or
trustee of registered or unregistered schemes and/or relevant
interest by virtue of section 608(3)of the Corporations Act as it or its
associates holds directly or indirectly above 20% voting power in
one or more affiliated investment managers (see Annexure A –
Part 2) who each in turn hold relevant interests in the securities the
subject of this notice.

PFSL Disposal
Disposal of securities in its capacity as responsible entity or trustee
of registered or unregistered schemes and/or relevant interest by
virtue of section 608(3)of the Corporations Act as it or its
associates holds directly or indirectly above 20% voting power in
one or more affiliated investment managers (see Annexure A –
Part 2) who each in turn hold relevant interests in the securities the
subject of this notice.
Date of Change
Person whose relevant interest changedNature of changeConsideration
given in relation
to change
Number of
securities
affected
Person's
votes
affected
Class of securities
2025-06-24
Pinnacle Group Entities & PFSL
Disposal
1,862,437.71-$ 4,732,729-
4,732,729-
Ordinary Fully Paid
This is Annexure "A - Part 1" as mentioned in form 605 Notice of ceasing to be a substantial holder
Calvin Kwok
Company Secretary
Date: 27/06/2025

MICHAEL HILL INTERNATIONAL LTD
Annexure A - Part 2
Affiliated Investment Managers in which Pinnacle has over 20% voting power
Aikya Investment Management Limited (UK) (Company Number 12329682)
Antipodes Partners Limited (ACN 602 042 035)
Coolabah Capital Investments Pty Limited (ACN 605 806 059)
Five V Capital Pty Limited (ACN 162 193 928)
Hyperion Asset Management Limited (ACN 080 135 897)
Langdon Equity Partners Limited (CA) (NRD 73210)
Life Cycle Investment Partners Limited (UK) (Company Number 15633723)
Metrics Credit Partners Pty Limited (ACN 150 646 996)
Palisade Investment Partners Limited (ACN 124 326 361)
Plato Investment Management Limited (ACN 120 730 136)
Resolution Capital Limited (ACN 108 584 167)
Solaris Investment Management Limited (ACN 128 512 621)
Riparian Capital Partners Pty Ltd (ACN 630 179 752)
This is Annexure "A - Part 2" as mentioned in form 605 Notice of ceasing to be a substantial holder
Calvin Kwok
Company Secretary
Date: 27/06/2025

MICHAEL HILL INTERNATIONAL LTD
Annexure B
NameACN
Nature of Association
Pinnacle Investment Management Group Limited100 325 184Related body corporate of each other entity listed in Annexure B.
Pinnacle Investment Management Limited109 659 109Related body corporate of each other entity listed in Annexure B.
Pinnacle Fund Services Limited082 494 362Related body corporate of each other entity listed in Annexure B.
Ariano Pty Limited605 250 799Related body corporate of each other entity listed in Annexure B.
Next Financial Limited081 722 894Related body corporate of each other entity listed in Annexure B.
Next Financial Nominees Pty Ltd093 252 576Related body corporate of each other entity listed in Annexure B.
Next Financial Nominees No. 2 Pty Ltd132 819 115Related body corporate of each other entity listed in Annexure B.
Investment Solutions Client Services Pty Ltd117 898 334Related body corporate of each other entity listed in Annexure B.
Priority Funds Management Pty Ltd120 826 575Related body corporate of each other entity listed in Annexure B.
Priority Investment Management Pty Ltd116 943 456Related body corporate of each other entity listed in Annexure B.
PNI Option Plan Managers Pty Ltd116 943 456Related body corporate of each other entity listed in Annexure B.
Pinnacle RE Services Limited130 508 379Related body corporate of each other entity listed in Annexure B.
Pinnacle Services Administration Pty Ltd126 175 148Related body corporate of each other entity listed in Annexure B.
Pinnacle Investment Management (UK) LimitedCompany
Number
11026111
Related body corporate of each other entity listed in Annexure B.
POSH Nominees Pty Limited620 094 251Related body corporate of each other entity listed in Annexure B.
Pingroup IM Limited (US)
EIN 85-
0920129
Related body corporate of each other entity listed in Annexure B.
This is Annexure "B" as mentioned in form 605 Notice of ceasing to be a substantial holder
Calvin Kwok
Company Secretary
Date: 27/06/2025

MICHAEL HILL INTERNATIONAL LTD
Annexure C
NameAddress
Pinnacle Investment Management Group LimitedLevel 19, 307 Queen St, Brisbane QLD 4000, Australia
Pinnacle Fund Services LimitedLevel 19, 307 Queen St, Brisbane QLD 4000, Australia
Pinnacle Investment Management LimitedLevel 19, 307 Queen St, Brisbane QLD 4000, Australia
Ariano Pty LimitedLevel 19, 307 Queen St, Brisbane QLD 4000, Australia
Next Financial LimitedLevel 19, 307 Queen St, Brisbane QLD 4000, Australia
Next Financial Nominees Pty LtdLevel 19, 307 Queen St, Brisbane QLD 4000, Australia
Next Financial Nominees No. 2 Pty LtdLevel 19, 307 Queen St, Brisbane QLD 4000, Australia
Investment Solutions Client Services Pty LtdLevel 19, 307 Queen St, Brisbane QLD 4000, Australia
Priority Funds Management Pty LtdLevel 19, 307 Queen St, Brisbane QLD 4000, Australia
Priority Investment Management Pty LtdLevel 19, 307 Queen St, Brisbane QLD 4000, Australia
PNI Option Plan Managers Pty LtdLevel 19, 307 Queen St, Brisbane QLD 4000, Australia
Pinnacle Investment Management (UK) Limited7th Floor, Dashwood House, 69 Old Broad Street, London EC2M 1QS, United Kingdom
Pinnacle RE Services LimitedLevel 19, 307 Queen St, Brisbane QLD 4000, Australia
Pinnacle Services Administration Pty LtdLevel 19, 307 Queen St, Brisbane QLD 4000, Australia
POSH Nominees Pty LimitedLevel 19, 307 Queen St, Brisbane QLD 4000, Australia
Pingroup IM Limited (US)
c/o TMF Group New York, LLC, 48 Wall Street, 27
th
Floor, New York NY 10005
This is Annexure "C" as mentioned in form 605 Notice of ceasing to be a substantial holder
Calvin Kwok
Company Secretary
Date: 27/06/2025