Update: Sharenet explains changes in Blu Label shareholding

mylesillidge

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Update: Sharenet explains changes in Blu Label shareholding

Sharenet CEO Giuseppe Lorusso has dismissed allegations that they promoted Blu Label Unlimited (BLU) and then sold a large stake held in the company through their Local Alpha Plus portfolio.

Sharenet and portfolio manager Dylan Bradfield have been strong supporters of Blu Label and have held the share since late 2022 from the R4.50 per share level.
 
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