BikeExchange Ltd (AU:BEX) has released an update.
BikeExchange Ltd has experienced a shift in shareholder power dynamics after TIGA Trading Pty Ltd’s stake was diluted following the issuance of new shares on May 9, 2024. The dilution resulted in Thorney’s voting power in BEX decreasing from 16.82% to 15.54%. This significant change in the substantial holding was officially reported in the required Form 604, complying with the Corporations Act.
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