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Degenhardts Adjust Stake in Locate Technologies Amid Share Issuance

Story Highlights
  • Damian and Julia Degenhardt’s voting power in Locate Technologies decreased to 8.42%.
  • The change in voting power is due to new shares being issued, not a change in shareholding.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Degenhardts Adjust Stake in Locate Technologies Amid Share Issuance

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Zoom2u Technologies Ltd. ( (AU:LOC) ) has shared an announcement.

Damian and Julia Degenhardt have announced a change in their substantial holding in Locate Technologies Limited, a company involved in technology services. Their voting power has decreased from 9.79% to 8.42% due to the issuance of new shares, although the number of shares they hold remains unchanged. This change reflects an adjustment in the company’s share distribution and could impact the Degenhardts’ influence within the company.

More about Zoom2u Technologies Ltd.

Average Trading Volume: 168,156

Technical Sentiment Signal: Buy

Learn more about LOC stock on TipRanks’ Stock Analysis page.

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