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12,881 Posts.
1428
02/10/09
14:17
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Pezza
CBA did not pull the pin and sell out of Mermaid Marine Australia
CBA had 10,138,587 shares in Mermaid Marine Australia which equated to 5.54% of the company
CBA sold 975,817 shares in Mermaid Marine.
CBA STILL HOLD JUST UNDER 5% OF MERMAID MARINE AUSTRALIA
When you get under the 5% threshold of owning a company it must be reported to the ASX. So they sold just under 10% of their holdings
In totsl approximately 3,000,000 of a total ownership of 26,300,000 have been SOLD DOWN by 2 holders of Mermaid Marine Australia
Do not take my comments personally
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