NAOS Boosts Stake in Move Logistics Group

Move Logistics Group Limited (AU:MOV) has released an update.

NAOS Asset Management Limited has increased its stake in Move Logistics Group Limited, acquiring an additional 1,374,828 ordinary shares for a total consideration of $453,225.27 AUD, bringing its total holding to 17.66%. This on-market acquisition, which has JP Morgan Nominees Australia Limited as the custodian, has raised NAOS’s interest from the previous 16.59% reported last disclosure. The transaction cements NAOS, along with its entities NSC and NAC, as substantial shareholders with significant voting power in Move Logistics Group.

For further insights into AU:MOV stock, check out TipRanks’ Stock Analysis page.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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