Spirit Technology Solutions Ltd. (AU:ST1) has released an update.
Mr. Simon McKay and McKay Family Holdings Pty Ltd have become substantial shareholders in Spirit Technology Solutions Ltd, acquiring a total of 152,173,913 fully paid ordinary shares, which constitutes an 11.14% voting power in the company. This acquisition, completed on April 4, 2024, involved a considerable cash transaction amounting to $7,000,000. The new substantial holding positions Mr. McKay to exert significant influence over the company’s voting decisions and asset disposal.
For further insights into AU:ST1 stock, check out TipRanks’ Stock Analysis page.
