Algoquant Fintech Ltd — Insider Trading, 01-01-1970: Insider Trading / SAST

Algoquant Fintech's promoter, Algoquant Financials LLP, announced a release of pledge on 1.8 million shares. This brings down their total encumbered shares from 54.75 million (19.48%) to 52.95 million (18.83% of total capital). While reported as a release, these shares were concurrently re-pledged in a different market segment with the same lender for existing fund-raising purposes, effectively a restructuring of the existing security rather than a net reduction in encumbrance.