Smartgroup Corporation Ltd (AU:SIQ) has released an update.
Australian Retirement Trust Pty Ltd has emerged as a substantial holder in Smartgroup Corporation Ltd, acquiring a 5.244% stake with 6,980,320 fully paid ordinary shares. The shares provide the trust with the power to exercise voting rights as a trustee of a superannuation fund. This significant investment indicates a strong belief in Smartgroup’s future potential by one of the prominent players in the retirement funds sector.
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