Australian Retirement Trust Acquires Stake in Smartgroup
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Australian Retirement Trust Acquires Stake in Smartgroup

Smartgroup Corporation Ltd (AU:SIQ) has released an update.

Australian Retirement Trust Pty Ltd has emerged as a substantial shareholder in Smartgroup Corporation Ltd, acquiring a 5.03% stake with 6,739,210 fully paid ordinary shares as of July 17, 2024. The shares are registered under HSBC Custody Nominees (Australia) Limited, with the Australian Retirement Trust having the power to exercise voting rights. The details of the acquisition, including consideration paid, are documented in Annexure A of the release.

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

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