Flexiroam Ltd (AU:FRX) has released an update.
Flexiroam Ltd has witnessed a notable change in its shareholder dynamics as Richmond Bridge Pty Ltd increased its stake, with voting power rising from 7.84% to 12.39%. This change occurred due to Richmond Bridge Pty Ltd taking up entitlements in a non-renounceable offer at $0.025 per share, resulting in an additional 39,119,445 shares. The transaction solidified Richmond Bridge’s position as a substantial shareholder, now holding a total of 97,732,932 ordinary shares.
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