Gentrack block trade attracts Regal interest

(Image: Gentrack)

Wed, 27 Dec 2023

Australian investment house Regal Funds has emerged as a substantial shareholder of utilities software company Gentrack, which has been on the comeback trail after a torrid time a few years ago. Regal Funds Management bought 4.25 million shares for A$25.4 million (NZ$27.4m) on Dec 20, or A$5.98 a share, a small discount to the A$6.11 the stock closed at that day on the Australian securities exchange (ASX) and the $6.62 it closed at on the New Zealand stock exchange (NZX). The shares ended last week at $6.45 on the NZX and A$...

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