Citigroup Ceases Substantial Holding in Johns Lyng Group

Story Highlights
  • Johns Lyng Group Ltd offers insurance building and restoration services.
  • Citigroup entities have reduced their shareholding in Johns Lyng Group, affecting its shareholder structure.
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Citigroup Ceases Substantial Holding in Johns Lyng Group

Johns Lyng Group Ltd ( (AU:JLG) ) has shared an announcement.

Citigroup Global Markets Australia Pty Limited and its related entities have ceased to be substantial holders in Johns Lyng Group Ltd as of March 21, 2025. This change in substantial holding is due to a decrease in relevant interest in shares through securities lending agreements, impacting the company’s shareholder composition and potentially its market perception.

More about Johns Lyng Group Ltd

Johns Lyng Group Ltd operates in the building and construction industry, providing insurance building and restoration services. The company focuses on delivering services related to disaster recovery and repair, catering primarily to insurance companies and property owners.

YTD Price Performance: -39.35%

Average Trading Volume: 2,583,955

Technical Sentiment Signal: Buy

Current Market Cap: A$637M

For detailed information about JLG stock, go to TipRanks’ Stock Analysis page.

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