Perpetual increases stake in Bega

Company News

by Anna Napoli

Bega Cheese (ASX:BGA) has today announced Asset Manager, Perpetual (ASX:PPT) has increased its stake in Bega (including shares held in nominee companies) to 10.9 per cent.

The dairy company's constitution provides that no person, together with his or her associates, can have a relevant interest in a number of Bega's shares greater than 15 per cent.

Bega says the shareholding limit will remain at 15 per cent until the August  16th 2021, at which time the limit will cease to apply.

Earlier this year Bega announced  it would be closing its Coburg cheddar and mozzarella factory.

Shares in Bega Cheese (ASX:BGA) trading 0.4 per cent higher at $4.99


Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.