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Flexiroam Announces Change in Substantial Shareholder Interests

Story Highlights
  • Flexiroam Limited’s substantial holder, Richmond Bridge, experienced a change in interests.
  • Richmond Bridge’s voting power decreased from 12.39% to 6.44% due to new share issuance.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Flexiroam Announces Change in Substantial Shareholder Interests

Flexiroam Ltd ( (AU:FRX) ) has shared an update.

Flexiroam Limited has announced a change in the interests of one of its substantial holders, Richmond Bridge Superannuation Pty Ltd. The change, effective from February 6, 2025, was due to a dilution via the issuance of new shares, reducing Richmond Bridge’s voting power from 12.39% to 6.44%. This adjustment in shareholding could impact the company’s governance dynamics and influence over decision-making processes.

More about Flexiroam Ltd

Average Trading Volume: 86,513

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$7.86M

For detailed information about FRX stock, go to TipRanks’ Stock Analysis page.

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