TerraCom Limited (AU:TER) has released an update.
TerraCom Limited has announced Macquarie Group Limited, along with its controlled entities, as a new substantial holder with a 5% voting power, which translates to 40,074,631 voting shares in the company. Macquarie Group gained this position on 21 June 2024, with various bodies within the group having the power to control voting and disposal of the shares. This development signifies a notable change in the company’s shareholder structure that could influence its future direction.
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