Change in substantial holding - FNX

Finexia Financial Group Limited (ASX: FNX) has received an official Form 604 submission from Factory Capital Pty Ltd, detailing a change in their substantial holding in the company. This update provides insights into the evolving ownership structure of Finexia.

Key Details of the Change

Nature of Change

The substantial holding change resulted from a dilution in voting power due to new securities being issued rather than a direct sale of shares. Factory Capital Pty Ltd continues to hold 24,242,742 fully paid ordinary shares, but their percentage ownership has decreased due to Finexia issuing additional shares.

• Transaction Method: Dilution due to newly issued shares
• Price per Share: Not applicable (no direct sale occurred)

Implications for Shareholders

A reduction in voting power due to dilution is a common occurrence when a company issues additional securities. Factory Capital Pty Ltd remains a significant shareholder with strong exposure to Finexia’s growth, despite the decrease in voting percentage.

For investors, this signifies that Finexia is expanding its capital base, which could support future growth initiatives.

Finexia’s Commitment to Transparency

Finexia remains committed to clear and timely market disclosures regarding changes in substantial holdings. Investors are encouraged to review the official Form 604 submission lodged with the ASX for further transaction details.

For more updates, please refer to the ASX announcement or reach out to Finexia’s investor relations team.

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