Qualitas announces major updates

Qualitas (ASX:QAL) has revealed important changes to its shareholding structure and board composition. The company will release 22,276,688 shares from voluntary escrow on 30 October 2024, raising its free float to 70.7% of the total issued capital. In addition, Brian Delaney, a Non-Independent, Non-Executive Director, will retire from the board.

Key changes and future outlook

Qualitas (ASX:QAL) has announced the release of a significant portion of shares from voluntary escrow, which will increase the company's free float to 70.7%. This move is expected to improve the liquidity and marketability of Qualitas shares. The retirement of Non-Executive Director Brian Delaney marks a step towards potentially more independent governance structures. Qualitas, with approximately $8.9 billion in managed funds, remains focused on its strategic goals within the real estate investment sector. These changes underscore its commitment to aligning governance practices and enhancing shareholder value.

Executive insights on strategic shifts

Brian Delaney's retirement aligns with our strategic objectives to enhance liquidity and governance. We thank him for his invaluable contributions to the board and various committees.