29metals Ltd. (AU:29M) has released an update.
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29Metals Ltd has announced a significant change in its ownership structure, revealing that Mitsubishi UFJ Financial Group, through its subsidiary First Sentier Investors, has become a substantial holder with a relevant interest in 36,100,704 of the company’s fully paid ordinary shares. This change, effective from June 4, 2024, signifies a notable shift in voting power, where First Sentier Investors Holdings Pty Limited and its related entities now hold a strategic position in the mining company. The financial terms of this acquisition were not disclosed, but the arrangement includes both cash and non-cash considerations.
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