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Sky TV chair Philip Bowman has taken another bite into the Savor pie.
In a transaction today, Bowman's entity Vinula Pty purchased 1.5 million shares from Savor CEO Lucien Law for $285,000.
The purchase increased Bowman's shareholding in Savor to 12.56%.
Bowman is the second largest Savor shareholder behind H&G Ltd, an entity owned by NBR Rich Listers the Cushing Family.
Last year Bowman observed to NBR that Savor – which owns multiple restaurants and bars around Auckland – has good outlets and is relatively highly geared into any economic recovery and improved retail spend.
Separately, Law's shareholding in Savor had dropped to 4.42% from 7.9%, which was the figure on his last disclosure in 2021.
Law's relevant interests had been diluted by various share issues made to other shareholders over the past five years.
The decrease meant Law is no longer considered a substantial shareholder.
