ACC acquires 5% stake in Scott Technology

Accident Compensation Corporation (ACC) has announced that it holds a substantial product holding in Scott Technology (NZX:SCT), effective June 18, 2025. According to the disclosure, ACC now holds 4,159,232 ordinary shares, representing 5.000% of the total shares outstanding. This was achieved through aggregated on-market transactions between February 18, 2025, and June 18, 2025, which included the purchase of 324,371 shares for a total consideration of NZ$588,891.23. ACC acts as the beneficial owner of these securities under the Financial Markets Conduct Act. The current registered holder of these shares is ACC via New Zealand Central Securities Depository Limited (NZCSD).