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Safe Driving Concepts Acquires Substantial Stake in Lindsay Australia Limited

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Safe Driving Concepts Acquires Substantial Stake in Lindsay Australia Limited

Confident Investing Starts Here:

Lindsay Australia Limited ( (AU:LAU) ) has issued an update.

Lindsay Australia Limited has announced that Safe Driving Concepts Pty Ltd has become a substantial holder in the company, acquiring 28,003,556 ordinary shares. This acquisition represents an 8.89% voting power based on the total shares issued. The transaction was completed at a price of $0.6200 per share on the market, indicating a significant investment in Lindsay Australia Limited.

More about Lindsay Australia Limited

YTD Price Performance: -17.71%

Average Trading Volume: 966,795

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$226.7M

For detailed information about LAU stock, go to TipRanks’ Stock Analysis page.

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