Sandon Capital Investments Limited (AU:SNC) has released an update.
Sandon Capital Investments Limited has increased its stake in IDT Australia Ltd, with its voting power rising from 16.6% to 18.0% following on-market purchases and participation in an entitlement offer. The changes in holdings, occurring between July 21, 2023, and July 9, 2024, saw Sandon Capital’s relevant interests grow by over 26 million votes, amounting to a total of 77,326,834 votes. These strategic moves could indicate Sandon’s growing influence and confidence in the direction of IDT Australia Ltd.
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