Finder Energy Holdings Limited (AU:FDR) has released an update.
Finder Energy Holdings Limited has announced that it no longer holds a substantial interest in its own shares following the expiration of a 24-month escrow period on April 8, 2024. The mandatory escrow arrangements, which had been in place since Finder’s prospectus dated February 25, 2022, had previously granted Finder a relevant interest in 82,500,000 of its shares. With the escrow period’s conclusion, the company’s relevant interest and voting power in these shares have ceased.
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