Red Hill Iron Limited (AU:RHI) has released an update.
AMCI Group, LLC, along with its associates, has ceased to be a substantial holder in Red Hill Iron Limited (RHI), having sold off a total of 4,051,210 fully paid ordinary shares for a consideration of $22,686,776. This significant market move, executed on June 11, 2024, has resulted in a notable change in the company’s ownership structure. The sale marks a shift in the investment landscape for RHI, impacting the distribution of voting power within the company.
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