Sims Ltd. (AU:SGM) has released an update.
Sims Ltd. has reported a significant shift in its shareholder landscape, with Yarra Capital Management and associated entities increasing their voting power from 5.05% to 6.16% after transactions made between September 2023 and April 2024. The series of acquisitions and disposals involved a total consideration of over $41 million, affecting more than 2.6 million shares. Such movements reflect a growing confidence in Sims Ltd. by substantial stakeholders, potentially signaling a strategic interest in the company’s future.
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