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Develop Global Limited ( (AU:DVP) ) has shared an update.
Develop Global Limited has announced a change in the substantial holding of its shares by William James Beament. The change, effective from July 3, 2025, was due to a dilution resulting from the issuance of 40,000,000 new fully paid ordinary shares as part of an institutional placement. This development has reduced Beament’s voting power from 22.37% to 19.64%, reflecting a shift in shareholder dynamics and potentially impacting the company’s governance and strategic decisions.
The most recent analyst rating on (AU:DVP) stock is a Buy with a A$3.50 price target. To see the full list of analyst forecasts on Develop Global Limited stock, see the AU:DVP Stock Forecast page.
More about Develop Global Limited
Average Trading Volume: 1,464,148
Technical Sentiment Signal: Buy
Current Market Cap: A$1.38B
See more insights into DVP stock on TipRanks’ Stock Analysis page.