Connexion Telematics Limited (AU:CXZ) has released an update.
H&G High Conviction Limited, a substantial holder in Connexion Mobility Ltd, has significantly reduced its stake in the company. The firm’s voting power in Connexion has decreased from 9.5% to 5.45% following on-market sales of over 37 million shares. These transactions, which occurred on the 19th and 20th of June 2024, resulted in H&G High Conviction Limited offloading shares for a combined consideration of over $1 million.
For further insights into AU:CXZ stock, check out TipRanks’ Stock Analysis page.
