trending Market Intelligence /marketintelligence/en/news-insights/trending/OUClFLn00ksoWHqEjqu8rA2 content esgSubNav
In This List

CBL directors, management sell shares as escrow ends

Blog

Latin American and Caribbean Market Considerations Blog Series: Focus on LGD

BLOG

Banking Essentials Newsletter: June Edition

Case Study

กรณีศึกษา A Bank Takes its Project Finance Assessments to a New Level

Blog

Financial Institutions Factor Transition Risk into Climate-Related Stress Testing


CBL directors, management sell shares as escrow ends

New Zealand-based CBL Corp. Ltd.'s managing director and deputy chairman, along with some senior managers, sold an aggregate of 20 million company shares for a total of NZ$65 million.

The block sale included 5 million shares owned by Managing Director Peter Harris and 5.4 million shares owned by Deputy Chairman Alistair Hutchison. The remaining 9.6 million shares were sold by senior management. The shares were sold for NZ$3.26 each and represent 8.5% of the company's issued capital.

The management and directors sold the shares after coming out of escrow.

The company requested a trading halt on its shares before the market opened April 5 to facilitate the orderly placement of the shares. Trading resumed at 12 p.m. New Zealand time on the same day.

As of April 4, US$1 was equivalent to NZ$1.43.