Anax Metals’ Share Placement Reduces Holihox’s Voting Power

Anax Metals Limited (AU:ANX) has released an update.

Anax Metals Limited has experienced a reduction in voting power of its substantial holder, Holihox Pty Ltd, due to an increase in the number of shares issued. Despite holding the same number of shares, Holihox’s voting power decreased from 13% to 8.8%. This change highlights the impact of share placements on shareholder influence in the company.

For further insights into AU:ANX stock, check out TipRanks’ Stock Analysis page.