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Tabcorp Holdings Limited ( (AU:TAH) ) just unveiled an update.
Tabcorp Holdings Limited has disclosed that Macquarie Group Limited and its controlled entities have become a substantial shareholder in the company. Macquarie now holds a relevant interest in 116,112,236 Tabcorp ordinary shares, representing 5.07% of the company’s voting power.
The company highlighted that its constitution and applicable wagering legislation restrict any person from holding more than 10% voting power. Tabcorp noted it can refuse to register share transfers or require divestment if these regulatory and constitutional shareholding limits are breached, underscoring the importance of compliance for significant investors.
The most recent analyst rating on (AU:TAH) stock is a Buy with a A$0.95 price target. To see the full list of analyst forecasts on Tabcorp Holdings Limited stock, see the AU:TAH Stock Forecast page.
More about Tabcorp Holdings Limited
Tabcorp Holdings Limited is an Australian gambling and entertainment company that operates wagering and gaming services. It holds licensed betting and related operations, focusing on regulated wagering markets within Australia.
YTD Price Performance: -14.14%
Average Trading Volume: 6,264,647
Technical Sentiment Signal: Buy
Current Market Cap: A$1.95B
Find detailed analytics on TAH stock on TipRanks’ Stock Analysis page.