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An announcement from Michael Hill International Ltd. ( (AU:MHJ) ) is now available.
Accident Compensation Corporation has emerged as a substantial shareholder in Michael Hill International, disclosing a 5.819% voting power in the jewellery retailer. The stake, comprising 22,393,710 ordinary fully paid shares, is held through New Zealand Central Securities Depository and J.P. Morgan Nominees on the NZX and ASX.
The position was built through a series of market purchases culminating in sizeable acquisitions on 10 April 2026 on the ASX. ACC’s move introduces a significant institutional investor to Michael Hill’s register, potentially enhancing the stock’s liquidity and signalling increased institutional interest in the company’s trans-Tasman operations.
More about Michael Hill International Ltd.
Michael Hill International Ltd is a trans-Tasman jewellery retailer listed on both the NZX and ASX. The company primarily sells branded jewellery and related accessories, targeting mainstream consumers in Australia, New Zealand and other selected markets through its network of retail stores and online channels.
Average Trading Volume: 186,868
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$142.4M
For detailed information about MHJ stock, go to TipRanks’ Stock Analysis page.