AMA Group’s Equity Raise Dilutes TIGA’s Stake

Ama Group Limited (AU:AMA) has released an update.

AMA Group Limited recently completed an equity raising that resulted in a dilution of TIGA Trading Pty Ltd’s holding, decreasing their voting power in the company from 12.62% to 11.53%. The change occurred on August 15, 2024, and involved various entities within the Thorney Investment Group, with transactions including sub-underwriting and share acquisitions worth over $2.2 million. This shift in share distribution could signal a notable change in the company’s shareholder landscape.

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