Red 5 Limited (AU:RED) has released an update.
Australian Retirement Trust Pty Ltd has emerged as a substantial holder in Red 5 Limited, with a 6.584% stake comprising 228,047,077 fully paid ordinary shares. This position was attained on the 13th of June 2024, indicating a significant investment by the superannuation fund, with voting power vested through HSBC Custody Nominees (Australia) Limited. The details surrounding the acquisition, including the consideration involved, are provided in Annexure A of the disclosure.
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