Energy Action Stakeholders Double Voting Power

Energy Action Limited (AU:EAX) has released an update.

Bruce Duncan Macfarlane and Linda Ann Millar, through their entity Millar and Macfarlane Pty Ltd, have significantly increased their stake in Energy Action Limited, with voting power jumping from 8.67% to 16.37%. This change occurred following the conversion of debt into shares, as approved by shareholders, at a rate of $0.20 per share. Subsequently, the pair now directly and indirectly control over 6.3 million ordinary shares in the company.

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