Thorney Technologies Limited (AU:TEK) has released an update.
Thorney Technologies Ltd [ASX:TEK] has experienced an increase in the voting percentage held by Thorney Holdings Proprietary Limited, following a share buyback that led to the cancellation of TEK shares. The change in shareholding was reported in a Form 604 filed in compliance with the Corporations Act, indicating a rise in voting power from 24.95% to 26.08%. This adjustment in the company’s substantial holding structure could indicate an increased confidence by Thorney Holdings in TEK’s market strategy or performance.
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