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Adisyn Ltd Gains Substantial Holder Status in Own Shares

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Adisyn Ltd Gains Substantial Holder Status in Own Shares

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DC Two Ltd. ( (AU:AI1) ) has shared an announcement.

Adisyn Ltd has become a substantial holder of its own shares, totaling a voting power of 50.85%, through voluntary escrow arrangements. This technical ‘relevant interest’ is due to restrictions on the disposal of 313,911,182 fully paid ordinary shares, although Adisyn does not possess rights to acquire or control voting of these shares. This announcement could impact Adisyn Ltd’s market positioning and stakeholder interests as it underscores the company’s significant control over its share distribution without direct voting influence.

More about DC Two Ltd.

YTD Price Performance: -22.22%

Average Trading Volume: 2,846,549

Technical Sentiment Consensus Rating: Sell

Current Market Cap: A$46.3M

Find detailed analytics on AI1 stock on TipRanks’ Stock Analysis page.

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