Pro Medicus Limited (AU:PME) has released an update.
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Pro Medicus Limited’s co-founders, Dr. Sam Hupert and Mr. Anthony Hall, have sold a combined 2 million shares, representing less than 4% of their individual holdings, to high-quality institutional investors at the previous day’s closing market price. Despite this sale, they remain the largest shareholders with a combined holding of 46% of the company, reaffirming their commitment to its future. This strategic move is part of a plan to increase the company’s ‘free float’ and attract new investors.
For further insights into AU:PME stock, check out TipRanks’ Stock Analysis page.
