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DXN Ltd. Sees Change in Substantial Holder’s Voting Power

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DXN Ltd. ( (AU:DXN) ) has issued an announcement.

DXN Ltd., a company listed on the Australian Securities Exchange, has experienced a change in the interests of its substantial holder, PURE Asset Management Pty Ltd. The change, effective from February 28, 2025, resulted in an increase in PURE Asset Management’s voting power from 15.49% to 15.69%. This adjustment was primarily due to a partial repayment of a debt facility and a placement, highlighting a strategic financial maneuver that may impact the company’s stakeholder dynamics and market perception.

More about DXN Ltd.

YTD Price Performance: -41.67%

Average Trading Volume: 386,071

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: A$10.45M

See more insights into DXN stock on TipRanks’ Stock Analysis page.

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