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An update from Comvita ( (NZ:CVT) ) is now available.
PHC Investments Limited has disclosed an updated substantial holding in Comvita following the company’s recent capital raise. PHC now holds 15,241,541 ordinary shares, representing 11.739% of Comvita’s expanded share base, down from 13.063%, after subscribing for 6,024,342 new shares at $0.65 each.
The change reflects dilution of PHC’s percentage stake due to the enlarged total shares on issue, rather than a selldown of its position. The transaction underscores ongoing investor support for Comvita’s capital raising efforts while slightly reducing PHC’s relative influence as a substantial shareholder within the register.
More about Comvita
Comvita Limited is a New Zealand-listed natural health products company best known for its Manuka honey and related bee-derived wellness products. The company focuses on premium health and nutrition markets, distributing its products domestically and internationally through retail, online, and distribution partners.
Average Trading Volume: 271,315
Technical Sentiment Signal: Sell
Current Market Cap: N$85.18M
See more data about CVT stock on TipRanks’ Stock Analysis page.