tiprankstipranks

Drake Private Investments Reduces Stake in Structural Monitoring Systems

Story Highlights
Drake Private Investments Reduces Stake in Structural Monitoring Systems

An announcement from Structural Monitoring Systems Shs Chess Depository Interests ( (AU:SMN) ) is now available.

Structural Monitoring Systems PLC has reported a change in the interests of a substantial holder, Drake Private Investments LLC, and Anthony Faillace. The change, effective from January 22, 2025, shows a reduction in their voting power from 18.60% to 15.36%, as a result of share sales, dilution from a Share Purchase Plan and placement, partially offset by participation in a private placement. This development may impact the company’s stakeholder dynamics and influence within the market.

More about Structural Monitoring Systems Shs Chess Depository Interests

Average Trading Volume: 994

Technical Sentiment Consensus Rating: Strong Buy

See more insights into SMN stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App