Why Link Administration (ASX:LNK) is making news today

December 16, 2022 02:44 PM AEDT | By Khushboo Joshi

Why Link Administration (ASX:LNK) is making news today — Image source: © Joykid9940 | Megapixl.com

Key takeaways from Link’s announcement on the ASX:

Link Administration shared that it has extended its agreement with AustralianSuper by an additional two years.
The extended agreement will be effective from 1 July 2023 to 30 June 2025.
Under the extended deal, Link Group will go on to provide superannuation administration and customer engagement services to AustralianSuper.
As per Link, it will support the fund by bringing in its longstanding experience and commitment to delivering services to AustralianSuper members and employers.

Recent share price performance of Link Administration:

The shares of Link Administration have shed 0.45% in the last five trading days on the ASX. In the last one month of trading, the shares have lost 3.05% and have shed 0.45% in the last six months of trade on the ASX. In the last one year of trading on the ASX, the shares have tumbled by 32.63%. On a year-to-date basis, the Link shares have plunged by 40.13%. Looking at a broader picture, the Link shares have nosedived by 60.99% on the ASX.

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