Tower Limited Sees Shareholding Shift by ACC

Tower Limited (AU:TWR) has released an update.

Tower Limited’s substantial shareholder, the Accident Compensation Corporation (ACC), has reduced its stake in the company, shifting from holding 9.550% of ordinary shares in April 2022 to 7.921% as of October 2024. This change follows the ACC’s strategic sale of over 10 million shares and purchase of nearly 4 million shares in the market. Investors might find these moves significant as they reflect shifts in ACC’s investment strategy concerning Tower Limited.

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