Zip Co Says Bank of America Ceases to be a Substantial Shareholder; Shares Up 18%

MT Newswires Live

04/08

Zip Co (ASX:ZIP) received notice that Bank of America and its affiliates are no longer substantial holders of the company from April 2, according to a Wednesday filing with the Australian bourse.

Bank of America and its affiliates became a substantial holder of the company on April 1, with a 5.06% total voting power, an earlier filing showed.

The company's shares rose around 18% in recent Wednesday trade.

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