Nicholas Stone Acquires Significant Stake in QEM Limited

QEM Limited (AU:QEM) has released an update.

Nicholas Stone has become a substantial holder in QEM Limited, acquiring a 5.014% voting power through 7,591,222 ordinary shares. Stone, the sole director of Stone Group Pty Ltd, has a relevant interest in these shares, both as a registered holder and through Stone Group as trustee for the Stone Discretionary Trust. The acquisition details, including consideration for the shares, are documented as per the Corporations Act requirements.

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