AustralianSuper reported holding 76,631,955 ordinary shares in SkyCity as of July 2.
Australia.- The major superannuation fund AustralianSuper has lowered its interest in Auckland-based casino operator SkyCity Entertainment Group to 6.95 per cent. According to a substantial product holder disclosure filed with the New Zealand Stock Exchange, it sold more than 15m ordinary shares over a nine-day period between June 22 and July 2.
Today’s disclosure was triggered as AustralianSuper’s interest in the casino operator fell by more than 1 percentage point, the threshold requiring notification under New Zealand’s Financial Markets Conduct Act 2013.
AustralianSuper reported holding 76,631,955 ordinary shares in SkyCity as of July 2, representing 6.95 per cent of the company’s 1.103bn issued shares. In its previous filing, made on June 23, the fund held 91,721,751 shares – 8.32 per cent of the company.
The transactions were executed through JPMorgan Nominees Australia. The largest disposal occurred on July 2, when 4,279,777 shares were sold. Other transactions included sales of 3,806,629 shares on June 23, 2,311,832 shares on June 22, 1,432,864 shares on June 30, and 1,267,818 shares on June 26.
AustralianSuper reported holding 76,631,955 ordinary shares in SkyCity as of July 2. Australia.- The major superannuation fund AustralianSuper has lowered its interest in Auckland-based casino operator SkyCity Entertainment Group to 6.95 per cent. According to a substantial product holder disclosure filed with the New Zealand Stock Exchange, it sold more than 15m ordinary shares over…
