Red 5 Limited (AU:RED) has released an update.
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Red 5 Limited and its subsidiary, Silver Lake Resources Limited, have ceased to be substantial holders in the company as of August 7, 2024, selling their entire stake of 411,662,268 ordinary shares at a price of A$0.335 per share. This strategic move follows the last notice of substantial holding issued on June 24, 2024, marking a significant change in the company’s shareholder composition.
For further insights into AU:RED stock, check out TipRanks’ Stock Analysis page.