Adherium Ltd. (AU:ADR) has released an update.
Adherium Limited has experienced a shift in its substantial holding, with Phillip Asset Management Ltd atf BioScience Managers Translation Fund I increasing its stake. The change, occurring on May 27, 2024, involved a purchase of an additional 50,000,000 ordinary shares at a consideration of $1,000,000, adjusting its voting power to 16.95%. This move reflects a significant investment and alteration in the company’s shareholder structure.
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