Investing.com | Editor Ambhini Aishwarya
Published Nov 24, 2023 02:10AM ET
Retail investors have emerged as the dominant force in the ownership structure of Accent Group Limited (ASX:AX1), holding a commanding 56% stake. This substantial shareholding by individual investors not only grants them significant influence over company governance but also exposes them to market fluctuations, evident in the recent decline of the company’s market capitalization to AU$977 million.
The impact of this market cap drop was felt across the board, affecting insiders who collectively own 32% of Accent Group. Among these insiders, Brett Blundy holds a notable 15% stake, and CEO Daniel Agostinelli has a personal investment representing 3.2% ownership. The insider investment, totaling AU$314 million, underscores their commitment…
