Orbital Corporation Limited (AU:OEC) has released an update.
Macquarie Group Limited, along with its associated entities, has emerged as a substantial holder in Orbital Corporation Limited, boasting a significant 5.36% voting power through 7,826,257 shares. The milestone was attained on June 14, 2024, with details of the acquisition including the voting rights and the control over the disposal of the shares outlined in the announcement. This development marks a notable change in the ownership structure of Orbital Corporation and could influence its strategic direction moving forward.
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