Technology One Limited (AU:TNE) has released an update.
Pinnacle Investment Management Group Limited has become a significant shareholder in Technology One Limited, with a 5.27% stake following the acquisition of a funds management business. The substantial holding, which consists of 17,172,223 ordinary shares, was established on August 2, 2024. This strategic move may signal a new phase of collaborative growth for both entities within the technology sector.
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