Tabcorp Holdings Says Macquarie Group Ceases to be a Substantial Shareholder; Shares Rise 4%
MT Newswires Live
Dec 19, 2025
Tabcorp Holdings (ASX:TAH) said that it is aware that Macquarie Group (ASX:MQG) ceased to be the company's substantial shareholder on Monday, according to a Friday filing with the Australian bourse.
The company's constitution restricts an individual from having a greater than 10% voting power in the company without written consent from the New South Wales Government, the filing said.
TAH may refuse to register or transfer the shares which would contravene the restrictions, the filing added.
Macquarie became a substantial holder on Dec. 12 with a 5.06% voting power, a Wednesday filing showed.
Shares of the company rose 4% in recent Friday trade while shares of Macquarie Group rose past 1%.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.