Friday 8th June 2001 |
Text too small? |
John Fellet |
"Ninety-nine per cent of my net worth ... remains tied up in Sky," said Mr Fellet. "No one I know has more net worth tied up in Sky."
The CEO and board member has 2.1 million share and share options but Mr Fellet declined to say how many he had actually bought and how many were options.
At today's share price of $3.50 the 2.1 million share and share options would be worth $7.3 million.
When INL lifted its stake in Sky a little over a week ago, Mr Fellet took the option to sell 300,000 shares.
He described the move as "hedging my bets" in anticipation of a drop in the share price, which did move from $3.85 to about $3.30 before recovering.
"And if the price drops again I will be the first back to buy more," said Mr Fellet.
- Nick Smith
No comments yet
GEN - Completion of Purchase of Premium Funding Business
Fletcher Building Announces Executive Appointment
WCO - Director independence determination
AIA - welcomes Ngahuia Leighton as 'Future Director'
Mercury announces Executive team changes
Fonterra launches Retail Bond Offer
October 29th Morning Report
BIF adds Zincovery to its investment portfolio
General Capital Resignation of Director
General Capital subsidiary General Finance update