BikeExchange Share Issuance Dilutes Thorney’s Stake
Company Announcements

BikeExchange Share Issuance Dilutes Thorney’s Stake

BikeExchange Ltd (AU:BEX) has released an update.

BikeExchange Limited has recently issued additional shares, leading to a dilution of Thorney Technologies Ltd’s stake in the company. Thorney’s voting power in BikeExchange has decreased from 16.82% to 15.54% as a result. A formal notice detailing the changes was filed in compliance with corporate regulations.

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

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