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Adherium’s Substantial Shareholding Change Enhances Market Position

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Adherium’s Substantial Shareholding Change Enhances Market Position

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Adherium Ltd. ( (AU:ADR) ) has shared an update.

Adherium Limited has announced a change in the substantial holding of its shares by Phillip Asset Management Ltd, acting as trustee for BioScience Managers Translation Fund I. The fund increased its voting power from 12.89% to 16.00% through an institutional ANREO take-up and retail shortfall underwriting, impacting 108,791,917 shares. This change signifies a strengthened position for the fund in Adherium, potentially influencing the company’s strategic decisions and market positioning.

More about Adherium Ltd.

Technical Sentiment Signal: Sell

Current Market Cap: A$7.87M

See more insights into ADR stock on TipRanks’ Stock Analysis page.

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