tiprankstipranks
Company Announcements

National Australia Bank Acquires Substantial Stake in Spenda Limited

Story Highlights
National Australia Bank Acquires Substantial Stake in Spenda Limited

Discover the Best Stocks and Maximize Your Portfolio:

An announcement from Spenda Limited ( (AU:SPX) ) is now available.

In a recent development, National Australia Bank Limited and its associated entities have become substantial shareholders in Spenda Limited, holding a 13.576% voting power with 626,575,206 fully paid ordinary shares. This acquisition, managed by JBWere Limited, highlights a significant investment move that could impact Spenda’s market positioning and influence its strategic direction, potentially affecting stakeholders and enhancing the company’s growth prospects.

More about Spenda Limited

Spenda Limited operates in the technology industry, providing digital solutions for business transactions and financial management. Their market focus includes streamlining processes for businesses through innovative software solutions.

Average Trading Volume: 2,448,254

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$36.92M

Find detailed analytics on SPX stock on TipRanks’ Stock Analysis page.

Related Articles
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1