Mitsubishi UFJ Becomes Major ADX Energy Shareholder

ADX Energy (AU:ADX) has released an update.

ADX Energy Ltd has announced that Mitsubishi UFJ Financial Group, Inc. has become a substantial holder in the company as of May 28, 2024, with a 5.50% voting power through ownership of 31,230,240 fully paid ordinary shares. The acquisition details and the nature of the substantial holding were disclosed in accordance with the Corporations Act 2001, highlighting Mitsubishi UFJ Financial Group’s significant influence in Morgan Stanley, which has a relevant interest in ADX Energy.

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