Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Pentanet Ltd ( (AU:5GG) ) has shared an announcement.
Thorney Technologies Ltd has lodged a notice stating it has ceased to be a substantial holder in Pentanet Ltd, following a series of market sales of Pentanet ordinary shares. The change includes the disposal of more than 1.7 million shares by Thorney Technologies and its associated entities, resulting in their voting power falling below the substantial holding threshold and signalling a reduced institutional presence on Pentanet’s register.
The filing details sales undertaken by Thorney Technologies Ltd and entities within the Thorney Investment Group, culminating in the group’s exit as a major shareholder as of 11 May 2026. In addition, Jamah Investments Pty Ltd, previously an associate within the Thorney Investment Group structure, has ceased to be an associate, further reshaping the ownership and influence dynamics among Pentanet’s institutional investors.
More about Pentanet Ltd
Pentanet Ltd is an Australian telecommunications company listed on the ASX under ticker 5GG, focused on providing internet and related connectivity services. The company operates in the broadband and wireless communications sector, targeting customers seeking high-speed network solutions in its core markets.
Average Trading Volume: 576,329
Technical Sentiment Signal: Sell
Current Market Cap: A$8.23M
See more data about 5GG stock on TipRanks’ Stock Analysis page.