Pinnacle Becomes Major Shareholder in SmartGroup

Smartgroup Corporation Ltd (AU:SIQ) has released an update.

Pinnacle Investment Management Group Limited has announced its position as a substantial holder in SmartGroup Corporation Ltd, with a 5.15% stake amounting to 6,907,309 ordinary fully paid shares. This significant investment was established on September 23, 2024, marking Pinnacle’s influential participation in the company’s ownership. Detailed disclosures related to the acquisition, including the consideration paid and associates involved, are documented in various annexures accompanying the formal notice.

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