Weldon sells NZX shares, in part to buy property
NZX chief executive Mark Weldon has cashed in two million shares in the stock exchange company partly to buy a property.
NZX chief executive Mark Weldon has cashed in two million shares in the stock exchange company partly to buy a property, while exercising his executive share plan.
Fresh from helping the government raise $82 million for the earthquake appeal fund, Mr Weldon sold the shares for $4.68 million, reducing his beneficial stake from 6.63% to 4.98%.
The share sale would enable him to fund the purchase of 896,264 NZX shares under the terms of the 2007 chief executive share plan, and to enable the purchase of a property, NZX said in a filing today.
Following the transfer, Mr Weldon’s Lola Nominees held 6.04 million shares.
NBR staff
Fri, 24 Jun 2011
Fri, 24 Jun 2011
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Weldon sells NZX shares, in part to buy property
15469