Tuesday 30th March 2021 |
Text too small? |
Infratil advises that it has approved the on-market acquisition of $20 million of Infratil shares on behalf of certain Morrison & Co executives and Morrison & Co. The shares to be acquired for Morrison & Co executives are subject to a lock-up between Morrison & Co and the executives of between 12 and 24 months.
Approval for the acquisition was obtained by Morrison & Co in accordance with Infratil’s Financial Product Trading Policy.
Mark Tume, Infratil’s Chairperson, said that “the participation by Morrison & Co executives in an Infratil share-based retention plan established by Morrison & Co is a vote of confidence in Infratil’s recent performance and demonstrates their conviction in the long term growth prospects of the Infratil portfolio”.
Details of the acquisition of shares, once completed, will be announced to the NZX.
Please see the link below for details:
Infratil approves acquisition on behalf of Morrison & Co and executives
No comments yet
PaySauce Quarterly Market Update - September 2024
October 2nd Morning Report
Rua Releases Annual Report for Year Ended 30 June 2024
SCL - Settlement of orchard sales
The Warehouse Group 2024 ASM and Director Nominations
AIR - Update on Chief Operational Integrity and Safety Officer
Comvita Limited - Annual Report 2024
September 27th Morning Report
Spark announces departure of Finance Director
FBU - Retail Entitlement Offer Opens