Insignia Financial Becomes Major Tabcorp Shareholder

Tabcorp Holdings Limited (AU:TAH) has released an update.

Insignia Financial Ltd has become a substantial holder in Tabcorp Holdings Limited, acquiring a 5.119% voting power with 116,959,557 votes through various transactions on the market. The acquisition included movements in shares and votes across multiple funds managed by entities like OnePath Funds Management and IOOF Investment Management, reflecting a notable change in the company’s shareholder structure. This strategic move could signal Insignia’s confidence in Tabcorp’s future performance, making it a point of interest for investors.

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