An update from Island Pharmaceuticals Ltd ( (AU:ILA) ) is now available.
Island Pharmaceuticals Limited has announced a change in the substantial holding of its shares by Dr. William James Garner. The change involves an increase in the number of fully paid ordinary shares held by Dr. Garner, from 28,386,852 to 33,198,166, resulting in a decrease in his voting power from 18.42% to 15.79%. This adjustment is attributed to a private placement and subsequent dilution, reflecting a strategic shift in the company’s shareholder structure.
More about Island Pharmaceuticals Ltd
YTD Price Performance: 5.88%
Average Trading Volume: 145,295
Technical Sentiment Signal: Sell
Current Market Cap: A$37.85M
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