Namoi Cotton Ltd (AU:NAM) has released an update.
Louis Dreyfus Company Melbourne Holdings Pty Ltd (LDC Group) has increased its substantial holding in Namoi Cotton Limited, with its voting power rising from 16.99% to 18.02%. This change in shareholding occurred through a series of acquisitions of Namoi Cotton shares at $0.67 per share, as part of LDC’s off-market takeover bid. The transactions took place between May 7 and May 9, 2024, underlining LDC Group’s consolidating position in the agricultural sector.
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