Pinnacle Investment Secures 5% of Michael Hill Intl

Michael Hill International Ltd. (AU:MHJ) has released an update.

Pinnacle Investment Management Group Limited has emerged as a substantial holder in Michael Hill International Ltd, acquiring a 5.01% stake with 19,263,299 ordinary fully paid shares. The investment group reached this position on June 26, 2024, marking a significant financial move within the company’s shareholder structure. The details of the transaction, including the consideration and the associates involved, are outlined in various annexures of the disclosure form.

For further insights into AU:MHJ stock, check out TipRanks’ Stock Analysis page.