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Scott Technology Limited ( (NZ:SCT) ) has issued an announcement.

JBS Australia Pty Limited, a substantial shareholder in Scott Technology Limited, has increased its stake in the automation and robotics specialist through participation in the company’s dividend reinvestment plan. Following a series of share issues between November 2024 and May 2026, JBS now holds 45,894,965 ordinary shares, representing 54.06% of Scott Technology’s 84,892,648 shares on issue.

The move lifts JBS’s holding from 53.05% previously and further consolidates its position as Scott Technology’s controlling shareholder. The incremental increase in ownership underscores the strategic importance of Scott’s automation capabilities to JBS and signals continued support from the major shareholder, which may influence future governance dynamics and capital management decisions at the NZX-listed company.

More about Scott Technology Limited

Scott Technology Limited is a New Zealand-based engineering company listed on the NZX that designs and supplies automation and robotics solutions. Its systems are widely used in industrial and manufacturing settings, with a particular focus on sectors such as food processing and other high-throughput production lines.

Average Trading Volume: 9,968

Technical Sentiment Signal: Hold

Current Market Cap: N$198.6M

Find detailed analytics on SCT stock on TipRanks’ Stock Analysis page.