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Citigroup Ceases Substantial Holding in Karoon Energy

Story Highlights
  • Citigroup Global Markets has ceased to be a substantial holder in Karoon Energy.
  • The change in holding is due to securities lending agreements and stock market transactions.
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Citigroup Ceases Substantial Holding in Karoon Energy

Karoon Energy Ltd ( (AU:KAR) ) has provided an announcement.

Karoon Energy Ltd has announced that Citigroup Global Markets Australia Pty Limited and its related entities have ceased to be substantial holders in the company as of March 3, 2025. This change in substantial holding is due to a decrease in relevant interest in shares, primarily through securities lending agreements and standard stock market transactions. The implications of this change could affect the company’s stock market dynamics and investor relations.

More about Karoon Energy Ltd

YTD Price Performance: 4.60%

Average Trading Volume: 4,634

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $727M

See more data about KAR stock on TipRanks’ Stock Analysis page.

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