Hansen Technologies completes a US$24.3m block trade

Andrew Hansen has completed a US$24.3 million block trade of seven million shares in Hansen Technologies (ASX:HSN).

Hansen Technologies is an ASX-listed global software and services provider to the energy, water/utilities and telecommunications industries. The company designs and implements industry-specific software that enables energy and communications service providers to bring products to market and engage meaningfully with customers.

The share sale was decided in response to strong investor demand received following the release of the company’s FY23 results on 23 August 2023 and enables supportive investors to establish a sizeable position in Hansen in addition to enhancing the stock’s liquidity and free float.

Oaklins’ team in Australia acted as broker to Andrew Hansen to manage the sale of seven million shares in Hansen Technologies (ASX:HSN) held by the family, following the company reporting its FY23 results.