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Ridley Corporation Limited ( (AU:RIC) ) has provided an announcement.
Pinnacle Investment Management Group Limited and its listed subsidiaries have notified Ridley Corporation Limited that they have ceased to be a substantial holder in the company as of 2 March 2026. The change, lodged via a Form 605 and signed by Ridley’s company secretary, indicates that Pinnacle’s voting power in Ridley has fallen below the substantial holding threshold, signalling a reduced institutional stake and a shift in the company’s share register composition.
The notice references annexures detailing the specific transactions and securities affected, as well as confirming there have been no changes in association between Pinnacle entities in relation to Ridley’s voting interests. While the filing is largely procedural, it may be watched by investors as an indicator of evolving institutional support and potential changes in liquidity and control dynamics within Ridley’s shareholder base.
The most recent analyst rating on (AU:RIC) stock is a Buy with a A$3.20 price target. To see the full list of analyst forecasts on Ridley Corporation Limited stock, see the AU:RIC Stock Forecast page.
More about Ridley Corporation Limited
Ridley Corporation Limited is an Australian company, but the filing does not specify its industry, products, or services. The disclosure instead focuses on changes to its shareholding structure under Australian Corporations Act requirements.
Average Trading Volume: 532,531
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$1.1B
See more data about RIC stock on TipRanks’ Stock Analysis page.