Seven Group Holdings Limited (AU:SVW) has released an update.
In a recent development, Seven Group Holdings Limited (SGH) has announced that the stake of entities controlled by Kerry Stokes AC has been diluted to 50.93% following the issuance of new shares as part of SGH’s acquisition of Boral Limited. The dilution occurred due to the addition of nearly 6 million new ordinary shares to the market, affecting the overall voting power of the Stokes-controlled entities within SGH. This strategic corporate move could indicate shifts in SGH’s ownership structure and governance dynamics.
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