Eureka Group’s Substantial Holder Shift: Aspen’s Stake Reduced

Eureka Group Holdings Limited (AU:EGH) has released an update.

Eureka Group Holdings Limited has seen a change in its substantial holder, Aspen Group Limited, following a share sale and dilution of shares. Aspen sold 20.5 million shares for $12.5 million and experienced a dilution in voting power due to Eureka’s recent institutional entitlement offer, reducing their voting power from 24.49% to 18.30%. This development is crucial for investors monitoring Eureka’s shareholder dynamics and stock performance.

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