Paragon Care Acquires Major Stake in Company

Paragon Care Limited (AU:PGC) has released an update.

Paragon Care Limited has announced becoming a substantial holder in their company with a 57% voting power, controlling 943,524,072 ordinary shares as of June 3, 2024. The shares are under voluntary escrow deeds, limiting their disposal and held by trustees of the Collins Millar and Lacaze Family Trusts. The Australian Securities and Investments Commission (ASIC) has granted Paragon Care relief from being deemed to have a relevant interest in these escrowed shares.

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