Butn Limited Shareholder Voting Power Diluted

Butn Limited (AU:BTN) has released an update.

Butn Limited has experienced a change in shareholding, as detailed by MYOB Invest Co Pty Ltd and its affiliated entities, who have seen their voting power diluted from 18.27% to 11.40% following the issue of new shares. The dilution occurred as a result of a new share issuance under an ANREO by Butn, affecting the same number of shares previously held by the substantial holder.

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