Allan Gray Australia Ups Stake in KMD Brands

KMD Brands Limited (AU:KMD) has released an update.

KMD Brands Limited has experienced a significant shift in shareholding, with Allan Gray Australia and its affiliates increasing their holdings by over 1% to 16.157% of the company’s ordinary shares. This change occurred between April 2 and May 31, 2024, as disclosed in a recent filing with the New Zealand Stock Exchange. The move underscores the investment group’s growing interest in the firm, representing a substantial change in its stake.

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