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Magellan Financial Takes 5.45% Stake in Amotiv Ltd

Magellan Financial Takes 5.45% Stake in Amotiv Ltd

G.U.D. Holdings (AU:AOV) has released an update.

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Magellan Financial Group Ltd has emerged as a substantial holder in Amotiv Limited, acquiring a 5.45% stake with 7,687,090 ordinary fully paid shares. The announcement, dated July 18, 2024, marks Magellan’s significant entry into Amotiv’s shareholding. Details of the acquisition, including the consideration paid and specifics of the voting powers, were provided in accordance with the Corporations Act 2001.

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