Finder Energy Holdings Limited (AU:FDR) has released an update.
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Finder Energy Holdings Limited has experienced a change in substantial shareholder voting power, with Longreach Capital Investment Pty Ltd and associates seeing a decrease from 62.2% to 53.5% due to the dilution from a recent share issuance. The adjustment occurred after the second tranche of shares was offered to investors, consequently reducing Longreach’s proportional interest in the company.
For further insights into AU:FDR stock, check out TipRanks’ Stock Analysis page.