Latest Family Trusts News

Accordant Group has closed its pro rata renounceable rights offer, securing NZD 5 million and increasing the Hull Family Trust's voting stake to nearly 65%.

Accordant Group has confirmed it has met the minimum NZD 5 million target for its rights offer, with the S.A. Hull Family Trust No. 2 stepping in to cover any shortfall. The offer is set to close on 13 May 2026, with final results due two days earlier.

Pinnacle Investment Management is boosting its stake in Metrics Credit Holdings back to 35%, investing around A$100.5 million. Simultaneously, Korea’s National Pension Service, via Townsend, is increasing its holding to nearly 10%, pending regulatory approval.

Accordant Group Limited’s shareholders have approved a significant share issuance under a Rights Offer, allowing the Hull Family Trust to increase its voting control beyond 20%. The move also greenlights additional share allocations to related parties to cover subscription shortfalls.

Telix Pharmaceuticals has initiated a US$550 million convertible bonds offering to refinance existing 2029 bonds and support general corporate purposes, securing low-cost, non-dilutive financing with a conversion premium above current share price.

Finico Pty Ltd, already holding 57.5% of DTI Group, has initiated an unconditional on-market cash offer at 1.2 cents per share for all remaining shares. Shaw and Partners will facilitate purchases from announcement through late May.

Oneview Healthcare has successfully raised A$19 million through a two-tranche placement and launched a Security Purchase Plan to further strengthen its financial position and accelerate AI development.

Earth’s Energy has settled a dispute with minority shareholders over its South Australian geothermal joint venture, agreeing to payments and transferring its JV interest subject to shareholder approval.

Pure Foods Tasmania has acquired premium ice cream brand Elato, integrating it with its Cashew Creamery to form a new Ice Cream Division led by Elato’s founder. This move broadens PFT’s product range and leverages existing manufacturing capabilities.

Shriro Holdings updates shareholders on proposed buy-backs that could reshape voting power, with major stakes changing hands and key players abstaining from votes.

Rewardle Holdings has arranged a $2 million revolving standby debt facility with Temorex, secured by its CloudHolter shares, offering fresh working capital and flexible fee payment options.

News Corporation has completed a $450 million secondary offering of Class B shares by key Murdoch family trusts, alongside a new stockholders agreement that reshapes family voting power and share transfer rights.