Smartgroup Corporation Ltd (AU:SIQ) has released an update.
Smartgroup Corporation Ltd has announced that a significant change in its shareholding structure occurred on August 9, 2024, when a new substantial holder acquired a relevant interest in a variety of ordinary shares, amassing a total voting power of 5.13%. The shares now held include those managed as collateral securities, lent securities, and as an investment manager or trustee, with State Street Bank and Trust Company retaining a relevant interest despite lending out securities. This strategic financial move could potentially influence the company’s future direction and shareholder value.
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