In a press release on Sunday 4th Mar 2018, AEM says that attracting more long-only institutional and family funds as new shareholders is part of the group’s plan to broaden its shareholding structure, as this can bring higher levels of scrutiny and demand for management accountability.
The Company largest shareholder, Orion Phoenix, has sold 4 million shares at $6.10 each to new shareholders comprising several institutional and family funds for a total of $2.4 million.