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a2 Milk Company ( (ACOPF) ) has issued an update.
JPMorgan Chase & Co. and several asset management and securities affiliates have reduced their holding in The a2 Milk Company to below the 5% threshold that defines a substantial product holder under New Zealand securities law. Their combined stake in a2 Milk fell from 5.10% of ordinary shares to 4.59%, meaning they are no longer required to report as substantial holders.
The change follows disposals that cut the group’s position from roughly 37 million to about 33.3 million shares, while the company’s total shares on issue remain unchanged. The move slightly reduces a2 Milk’s institutional ownership concentration and may marginally increase the free float available to other investors, though no change in company operations is implied by the notice.
More about a2 Milk Company
The a2 Milk Company is a dairy products group focused on branded milk and infant formula that contain only the A2 beta-casein protein. Listed in New Zealand, it markets premium fresh milk and nutritional products, with a strong presence in Australasian and Asian markets, targeting consumers seeking perceived digestive and health benefits from A2-only dairy products.
Learn more about ACOPF stock on TipRanks’ Stock Analysis page.