Altium (AU:ALU) has released an update.
First Sentier Investors, an associate of Mitsubishi UFJ Financial Group (MUFG), has become a substantial holder in Altium Ltd, acquiring a 5.13% stake composed of 6,764,395 fully paid ordinary shares. Their relevant interest in these shares, attained on April 9, 2024, is due to their capacity to control voting and disposal of the securities as an investment manager. The detailed associations and corporate structure behind this significant acquisition highlight MUFG’s indirect ownership and the financial strategies involving non-cash and cash considerations.
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