Develop Global Limited (AU:DVP) has released an update.
Develop Global Limited has reported a substantial change in shareholding by William James Beament, whose voting power in the company increased from 15.08% to 19.67% following the exercise of options into fully paid ordinary shares. Beament acquired an additional 14,000,000 shares at a consideration of $10,500,000, significantly raising his total to 50,508,778 shares. This change in stake underscores a notable shift in the company’s ownership structure, which may interest investors monitoring shareholder influence and company control dynamics.
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