Australia's Link Administration up on completing PEXA share sale

PEXA

24/01/2023 02:43

** Shares of Australia's Link Administration  LNK.AX  rise
as much as 2.1% to A$1.995, set to mark best day since Jan. 12,
if gains hold
    ** Stock hits its highest since Jan. 17
    ** The share registry firm completes sale of all ordinary
shares in PEXA group at avg price of A$12.414401/shr
    ** The share sale is in connection with the distribution of
Link Group's shareholding in PEXA to Link Group shareholders
    ** Stock fell 29.9% in 2022
    ** Stock has fallen 1% this year, as of last close
 (Reporting by Nausheen Thusoo in Bengaluru)
 ((Nausheen.Thusoo@thomsonreuters.com;))